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Ethereum returns to second place in CoinMarketCap

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.

Ethereum price chart for the last 3 months

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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