Ripple goes full throttle and extends the lead over Ethereum: Binance to add XRP as base pair
Ripple’s continued success does not seem to be coming to an end, so the price has risen further in the last 24 hours and has increased its lead over competitor Ethereum. In order to further advance the adoption, it is necessary to further spread the available base pairs on exchanges in order to simply trade XRP without any detours.
The eternal battle for 2nd place of the world’s largest crypto currencies seems to have been decided for the time being and has a new winner: XRP. Due to a significant price increase of more than +9.46% to a price of $0.51 and a market capitalization of over $20 billion , the difference to place 3 is now more than $2 billion (Ethereum has a market capitalization of more than $18 billion).
The growing gap between XRP and Ethereum has led to renewed calls for ripple supporters, asking Binance and other crypto exchanges to add XRP as a base pair. In the long run, the move could further reduce the crypto community’s dependence on the price of Bitcoin and Ethereum and make the exchange of digital currencies faster and easier.
.@cz_binance The 2nd biggest crypto asset by market cap is not offered as a base trading pair on @Binance
There is a good opportunity there to provide more value to your customers. ?#xrp
— C3|Nik (@C3_Nik) November 17, 2018
What's it gonna take for #XRP to decouple from #BTC? Simple: XRP-based trading pairs. The sooner we add more diversity to the crypto space, the safer we'll all be. #Bitcoin shouldn't dictate the outcome of every single project in this industry. #Binance, are you listening?
— Weiss Ratings (@WeissRatings) November 16, 2018
The push and call to add XRP as a base pair on Binance came up in August of this year. Up until today, CEO of Binance, Changpeng Zhao, has ignored the requests to comment on future base pairs on the leading exchange for crypto currencies, but alluded today that community pressure to add XRP is getting to him, so he wants to “get it out of the system”.
The xrp base shill is strong. Let's get it out of your system, and put all your shills under this one tweet, and let's see how much we get. https://t.co/usiISCtuSj
— CZ Binance (@cz_binance) November 18, 2018
However, as the adoption of XRP is increasing daily, it seems only a matter of time before this step is taken.
If you want to believe the predictions of Bloomberg’s intelligence analysts, the market correction is just beginning. They see a further decline in the price of all crypto currencies of another 70% from the current market level imminent. This would mean that Bitcoin’s price could drop to as low as $1,500.
Some industry analysts see the long debate over the Bitcoin Cash Hard Fork as the reason for the current downtrend. The fork took place on 11/15/2018, just one day after the supposedly new correction started. The moment seems to have come to an end, although it is not certain how long the bear will hold still.
