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.

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”.

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.

 

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

Torsten Hartmann

Torsten Hartmann

Torsten Hartmann has been an editor in the CaptainAltcoin team since August 2017. He holds a degree in politics and economics. He gained professional experience as a PR for a local political party before moving to journalism. Since 2017, he has pivoted his career towards blockchain technology, with principal interest in applications of blockchain technology in politics, business and society.

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