Is it a quip or a flippening?
Ether has reclaimed the pretension of the world’s second-largest cryptocurrency by marketplace value. Ripple had a short-lived stint after surging past the digital silver for the ethereum network 10 days ago, but has slipped in the rankings after descending more than 14 percent. The decrease was primarily spurred by an proclamation last week that Coinbase Inc. wouldn’t list any new coins such as sputter on the online exchange.
Ether now boasts a market cap of just over $111 billion, while ripple’s value has shrunk to about $98 billion, according to Coinmarketcap.com. The website began today to bar pricing information from Korean exchanges, shortening ripple’s listed value and bringing it more in line with information sites such as Bitstamp.net. Bitcoin stays by distant the world’s largest cryptocurrency, with a marketplace capitalization of about $255 billion.
The switch could once again supplement fuel to the “flippening” fire, which is what sky enthusiasts call the coin’s expected arise to pass bitcoin and turn the largest crypto coin. Ether’s office seemed foiled just last week as ripple’s value climbed as high as $140 billion, but the most new turn in the tale could revive wish that nonetheless another flip is coming.