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Ether tops Ripple to reclaim second spot in crypto rankings

Ether now boasts a market cap of just over $111bn, while ripple’s value has shrunk to about $98bn

by Staff Writer
Ether now boasts a market cap of just over $111 billion, while rippleā€™s value has shrunk to about $98 billion, according to Coinmarketcap.com.
Ether now boasts a market cap of just over $111 billion, while rippleā€™s value has shrunk to about $98 billion, according to Coinmarketcap.com.

Is it a comeback or a flippening? Ether has reclaimed the title of the worldā€™s second-largest cryptocurrency by market value.Ā 

Ripple had a short-lived stint after surging past the digital coin for the ethereum network 10 days ago, but has slipped in the rankings after falling more than 14 percent. The decline was initially spurred by an announcement last week that Coinbase wouldnā€™t list any new coins such as ripple on its online exchange.

Ether now boasts a market cap of just over $111 billion, while rippleā€™s value has shrunk to about $98 billion, according to Coinmarketcap.com.

The website began today to exclude pricing data from Korean exchanges, reducing rippleā€™s listed value and bringing it more in line with data sites such as Bitstamp.net. Bitcoin remains by far the worldā€™s largest cryptocurrency, with a market capitalization of about $255 billion.

The switch could once again add fuel to the “flippening” fire, which is what ether enthusiasts call the coinā€™s anticipated rise to overtake bitcoin and become the largest crypto coin.

Etherā€™s pursuit seemed foiled just last week as rippleā€™s value climbed as high as $140 billion, but the most recent twist in the saga could restore hope that yet another flip is coming.

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