Market capital, will XRP ripple be a permanent #2 to Bitcoin?

[BartS]

Briefly XRP had a market capital of over $2 billion more than Ethereum, they are swinging back and forth right now pushing each other in to #2 and #3 positions.

XRP has rocketed the last few days but can it last long enough to position itself as a long term #2 to Bitcoin?

Ripple is currently sitting 11 billion dollars above Ethereum but currently is in a state of skyrocketing, so I doubt it is going to maintain that position for long however I think that during the next months we are going to see ETH and XRP going back and forth and try to find which coin is going to become the number 2 coin for the long term, this has been a very interesting development and it is something I am looking forward in the next months.

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[xuan87]

Wow I never thought that XRP could push eth away from the second place, sure this is going to be a tough competition and in this few days XRP show a tremendous rising, eth is a slow but sure coin, I think xrp place won't stay long, eth got more stable condition

[Hexah]

For the meantime I think it is a yes, but Ethereum will never lost to Ripple. I know that there are many supporters behind Ripples surge of price and many enthusiasts especially traders join this hype that is why it is being backed and surging up. Once this get slows down I will see another dump even to 6k sats, bankers behind this one and they are just like whales on a pump and dump group I supposed.

[HasHe]

No position is permanent in this crypto world except bitcoin being in the first place.Ripple has big support from banking sectors and it is the main reason for reaching such a high marketcap.Even SBI,one of the biggest bank in india too supports ripple and many other banking sectors all over the world support ripple.But very soon,ethereum could bounce back since it has a very good price when compared to other altcoins.

[bill gator]

It seems as though you answered your own question while asking it.

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 they are swinging back and forth right now pushing each other in to #2 and #3 positions.
-snip-

I doubt that any alt-coin that has recently skyrocketed (or is experiencing a pump) will remain exactly where it is; however it is definitely too early for me to say definitively that it will or will not remain in the top 3. I think we have many years to go before the giant alt-coins start solidifying their space as #2, #3 etc. There is too much room to grow and certain coins will unfortunately fall victim to the Darwin effect and become too useless or irrelevant to maintain.  There may even come a point where one of these alt-coins temporarily hits the #1 spot, before bitcoin adjusts it's path accordingly as it always does.

I would not hold your breath or expect any particular alt-coin to hold it's position long-term until there is a clear meta developed that sweeps the cryptocurrency community as standard. As long as these questions can be asked and reasonably discussed, there are changes that these markets will undergo.

There are competing interests and ideas about what the future of cryptocurrency should look like and this is happening simultaneously to the debate about whether or not cryptocurrency is our future; these two conversations being had very loudly, publicly and with a lot of money, time and energy invested means the alts and even bitcoin itself are subject to massive volatility (which I'm sure you already know) and extraordinary outcomes. We are in new territory and we cannot pretend that it is familiar.

[JollyGood]

I like the way it is playing out. The market information from almost all exchanges showing massive interest in XRP means it is a wider issue rather than pump and dump related to one or two exchanges.

IMO this is no pump and dump, this is more about investors choosing to buy a very cheap commodity that is was sitting comfortably in the top 5 market capital wise. Many of these purchasers must be long term savers hoping to sell for a profit a few years down the line.



Ripple now has around 42.5% the market value of Bitcoin and rising 

[BartS]

I like the way it is playing out. The market information from almost all exchanges showing massive interest in XRP means it is a wider issue rather than pump and dump related to one or two exchanges.

IMO this is no pump and dump, this is more about investors choosing to buy a very cheap commodity that is was sitting comfortably in the top 5 market capital wise. Many of these purchasers must be long term savers hoping to sell for a profit a few years down the line.



Ripple now has around 42.5% the market value of Bitcoin and rising 

It seems the bubble is finally bursting, Ripple is still going to have a huge market cap after this but I think we all knew this kind of growth was simply not sustainable and as such it was bound to get a correction, Ripple has lost about 25% in the last 24 hours which is a significant correction but one that was needed and for the moment Ethereum has recovered its second place in the market cap.

[JollyGood]

It seems the bubble is finally bursting, Ripple is still going to have a huge market cap after this but I think we all knew this kind of growth was simply not sustainable and as such it was bound to get a correction, Ripple has lost about 25% in the last 24 hours which is a significant correction but one that was needed and for the moment Ethereum has recovered its second place in the market cap.

How long for? ETH and XRP will be battling it out for a few months yet and the dark horse BCH with super low transaction fees will no doubt be joining them.

[slashz9]

I think that's impossible because so far the ETH is ranked 2nd, maybe now ripple in the 2nd rank but did not close the possibility will be overtaken by ETH again, I am sure ETH will be ranked 2 again 

[pugman]

Ethereum has now regained its number 2 position, xrp has fallen hard since Coinbase rejected to open itself to Ripple's markets. Ripple has a total supply of 38 billion, multiply that amount with a mere 7$,the market cap of Ripple will be greater than bitcoin's market cap. And now that coinmarketcap no longer takes the Korean exchanges for the average price, we can now compare the more realistic data. Ripple tried really hard to beat bitcoin by announcing major partnerships with reputed companies, money did flow in the market but it was time until users decided to show who actually is supposed to dominate the market. Ethereum has tried to do so in the past it also ended up failing miserably, same was the fate for Litecoin.

[Ararbermas]

Permanent #2? If you talking about the long run perhaps ripple(XRP) cannot over take ethereum. Cause indeed the most popular on that two altcoin is ethereum and it has a possibility to create a big demand. Because of being popular it will made a massive adaption time on time. And RIPPLE will be #3 cause i have doubts its circumstances will not be permanent not the same with ethereum although the price is slowly increasing but for sure it will suddenly rocketed ,

[JollyGood]

Permanent #2? If you talking about the long run perhaps ripple(XRP) cannot over take ethereum. Cause indeed the most popular on that two altcoin is ethereum and it has a possibility to create a big demand. Because of being popular it will made a massive adaption time on time. And RIPPLE will be #3 cause i have doubts its circumstances will not be permanent not the same with ethereum although the price is slowly increasing but for sure it will suddenly rocketed ,

Well if another coin is released that does exactly the same as ETH but more improved with token facilities then maybe the new coin will take over ETH. As for XRP, it has google backing it as well as other big businesses and Western Union is exploring a deal to trade using Ripple. The Ripple community does not want the Western union deal and do not want XRP available on Coinbase either. They prefer to keep it slowly but surely.

IMHO in the long run ETH will not remain a number two as other coins while other coins will be released but as for XRP there more than a chance it could. That is my opinion.

[Flor1982]

Briefly XRP had a market capital of over $2 billion more than Ethereum, they are swinging back and forth right now pushing each other in to #2 and #3 positions.

XRP has rocketed the last few days but can it last long enough to position itself as a long term #2 to Bitcoin?

Well, Ethereum as expected is now reclaimed again the throne like from Bitcoin cash and now from Ripple that at least they have experienced what to become second to bitcoin look a like for just 2 weeks or they may try to pump again by investing huge amount and to try persuade or attract people to join the their investment and help them to pump it up the poor coins. Unlike Ethereum, it no need to attract people but the platform alone are enough in which commonly used by all ICO to support their token projects.

[dulce dd121990]

NO. the RIPPLE (XRP) will not maintain in the rank number two in the coin marketcap. Every altcoin has an end also or I can say every altcoin wil have a changes in price, it may up or down.

[faatipoke]

If one coin price increases because of manipulation and speculation, afterwards people think about how important it is and everywhere we see that how good that coin has in the future. this is totally bullshit. 90 percent of this market is speculation, ripple is one of the most speculative coins out there.
I accept that ripple technology can be used by the banks and can be important about the banks. but who the hell here can use xrp for transfering money from one individual to another? banks can use that but individual people will not use for payment and transaction. we will use other coins seperate from ripple.
moreover, most people do not understand the connection between xrp and ripple. ripple is the company, xrp is the coin. ripple is an important company but xrp is nonsense for us. xrp increases x10 every year and then decreases, that is it

[JollyGood]

xrp increases x10 every year and then decreases, that is it

Good opportunity to make money then

[Javathon]

Briefly XRP had a market capital of over $2 billion more than Ethereum, they are swinging back and forth right now pushing each other in to #2 and #3 positions.

XRP has rocketed the last few days but can it last long enough to position itself as a long term #2 to Bitcoin?

I don't think it could stay there for long. People believed in ripple because on the last big dump of most alts and bitcoin, only ripple recorded an increase. I am sure that its price will jump higher but staying there at top 2 based on market cap won't last long ethereum is also increasing in price, there are many possibilities that people would shift to other coins.

[kanmo]

In life there is no permanent condition, therefore I don't see any coin in permanent position. Ethereum can even be number one in the world maybe in the future.

[pat4cryptoreal]

It is always normal for any coin price to fluctuate. Any one that purchase any coin should bare that in mind. So the price of XRP ripple going down to #3 does not cause for alarm.

[JollyGood]

With the market heading upwards again who do you think will be a mid to short term second to Bitcoin?