Cryptocurrency Ethereum returned to the capitalization of the Ripple XRP token and regained second place in the CoinMarketCap qualification. In the last 24 hours, ETH increased its price by 2.83% and it is quoted at around $ 120 with a capitalization of $ 12,670 million.
At the same time, the capitalization of XRP is $ 12.49 billion, the price of the token on the last day has fallen by 0.11%.
Remember that in December of last year, the ETH fell below $ 85, but already in early January, the cryptocurrency rose to levels above $ 150. The subsequent fall in the market, however, led to a new drop. Then, at the beginning of last week, ETH was trading around $ 100, but rose again on Friday as a result of new market growth.
However, despite the recent increase, Ethereum is still trading at 90% below historical highs, which were recorded in January 2018. Then, the ETH price, according to CoinMarketCap, rose to $ 1,432.
In January, Ripple CEO Brad Garlinghaus announced that his company was not a competitor to Ethereum, adding that "this is a marathon, not a short race."
Recall that the planned hard forks of Constantinople in the Ethereum network are expected at the end of February.
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