Even though there is some prestige in being ranked second, rather than third on the rankings of crypto market data trackers, there is no real advantage to it. It is a vanity metric.
If you peak into Ethereum’s and XRP’s communities, you will meet different sets of mood dominating in the camps. Ethereum holders try to play it down as irrelevant although you can sense their frustration for losing “spot number 2” while Ripple guys are glowing and poking jokes at the dapp platform.
But is there any substance behind the XRP jump in price?
Not really, it appears to be a classic price manipulation, a very common in crypto world. Utility driven spikes, because of strong fundamentals, big news about adoption or something similar is the only valid reason for a price jump. Anything else is just some version of a pump and dump – when you go up for no apparent reason, you will dive down again out of the blue.
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