Yesterday, Ethereum regained the second most valuable cryptocurrency after Ripple went down strongly.
Ripple prices fell almost 25% in the last hours to $2.50, while Ethereum prices rose a little, 2.5% to $1,155. Ripple market capitalization went down to $98.5 billion and Ethereum’s went up to $255.1 billion.
The price of Ripple, which rose as high as $3.65 the past week, may have gotten an extra push southward after the largest US based cryptocurrency exchange Coinbase quashed rumors that it might allow trading of Ripple soon.
“As of the date of this statement, we have made no decision to add additional assets to either GDAX or Coinbase,” a Coinbase representative wrote January 4. “Any statement to the contrary is untrue and not authorized by the company.”
Simultaneously, investors are worried as to whether Ripple is in bubble territory. The asset has jumped 900% only in the past month.Trade now
NOTE: This article is not an investment advice. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future.
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