Seems like New Year has got the enormous potential for Ethereum, which was struggling to reclaim its second spot. For the first in almost two months, Ethereum overtook XRP and regained its second position on January 02, 2019 following 80% growth in the last 30 days.
XRP spilled over While Ethereum Gained 7.53 percent (24hrs)
According to Coinmarketcap, the press time value of Ethereum is $146.36 with a positive graph of 7.76% during 24hrs. Consequently, XRP dropped down to its old position, trading with the value of $0.363842.
XRP and Ethereum were running a long-term battle to attain the peak of the total market cap. At the time of writing, the market cap of Ethereum is $15,243,748,057 in contrast to $14,842,594,577 of XRP. However, the major trading for Ethereum market comes with OEX, OKEx, Huobi, Binance and ZBG and unlike. OKEx which held 3.59% Ethereum trading volume today had recently rolled out the perpetual swap based on Ethereum Network for crypto traders. Ethereum oriented perpetual swap by OKEx was aimed to provide greater leveraging power.
ETH PERPETUAL SWAP: We are launching the ETH perpetual swap at 13:00pm Dec 26, 2018 (CET, UTC+1). And we are going to launch the perpetual swaps for LTC, ETC, XRP, BCH, and BSV soon, please stay tuned.#OKExAnnouncementhttps://t.co/ez47hty3Az
— OKEx (@OKEx) December 26, 2018
On top of all, OKEx itself regains the top position by surpassing Binance, a cryptocurrency exchange. Fruitfully, OKEx held the total market cap of $562,051,937 with an upward change of 9.74% during 24hrs. Whereas, Binance which had crowned as the top cryptocurrency exchange since long has slipped down to the second position with 1.21% change in 24 hrs.
What do you think about Ethereum as the second largest cryptocurrency and OKEx as the flagship cryptocurrency exchange? Share your opinion
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Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com