Ethereum breaks the $ 1,000 magic barrier for the first time this afternoon, reaching a symbolic mark. Thus, the cryptocurrency defies the developments of the still young year, in which Ethereum was not yet one of the winners of the crypto-overthrow.
At the beginning of last week, Ethereum had lost second place in the ranking of crypto currencies to Ripple and dropped to third. For the first time since 2016, the Ether was thus not the Coin with the second highest market capitalization. Throughout 2017, Ethereum has always been able to decorate with the vice title.
The rise of Ethereum is almost fading in the light of the upheavals that are currently taking place in the marketplace. A whole range of new coins appear in the top 10, many coins from the second row increased by 20-30%. Overall, the cumulative market capitalization was more than $ 760 billion with a 24-hour trading volume of $ 70 billion.
An early reconquest of the second place of Ripple seems to be far for ETH, because even today, the increase in price of XRP prunes those of Ethereum. Ripple, after a renewed increase, has a market capitalization of $ 140 billion and is currently priced at $ 3.60. With this, Ripple is slowly getting on top of the crypto Primus Bitcoin, which has benefited relatively little from the renewed boom in the market as a whole and only has a market dominance of just under 33%. In the summer of 2017, the gap between Bitcoin and the second-placed currency last time was as low as at the time – the competitor at that time: Ethereum.
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