Ethereum

Cardano

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
XRP is nearing its all-time low against Ethereum (ETH). This comes after a steep decline in XRP's value against the top altcoin. Earlier today, XRP plunged to just 0.000184 on the Binance exchange, according to TradingView <a href="https://www.tradingview.com/chart/yAgtHh3T/?symbol=BINANCE%3AXRPETH" rel="noopener noreferrer nofollow">data</a>.&nbsp;<a href="https://www.tradingview.com/chart/yAgtHh3T/?symbol=BINANCE%3AXRPETH" rel="noopener noreferrer nofollow"><img alt="chart by Trading View" data-entity-type="file" data-entity-uuid="a7f33433-fe88-4c5c-9087-f4d6f9d960ff" src="https://u.today/sites/default/files/inline-images/232423423424.png"></a><a href="https://www.tradingview.com/chart/yAgtHh3T/?symbol=BINANCE%3AXRPETH" rel="noopener noreferrer nofollow">The XRP/ETH chart by TradingView</a>
<h2 id="when-xrp-surpassed-ethereum">When XRP surpassed Ethereum&nbsp;</h2>
In September 2018, the Ripple-affiliated XRP token experienced a remarkable surge, overtaking Ethereum to become the world's second-largest cryptocurrency by market capitalization.&nbsp;
This shift in ranking was fueled by bullish sentiment from investors, who believed Ripple would become the standard for international bank transfers.&nbsp;
Back then, XRP's market cap reached $22.2 billion, eclipsing Ethereum's $22.1 billion.&nbsp;
As of the data provided, <a href="https://u.today/ethereum-whale-buys-166-million-worth-of-eth-in-just-three-days" rel="noopener noreferrer nofollow">Ethereum</a> has a market capitalization of $346.957 billion, while XRP's market cap stands at $29.308 billion. This indicates that Ethereum's market cap is significantly larger than that of XRP.
Ethereum maintains its position as the second-largest cryptocurrency by market cap, trailing behind Bitcoin. &nbsp;XRP is positioned in a distant sixth place.&nbsp;
<h2 id="conspiracy-theories">Conspiracy theories&nbsp;</h2>
The underperformance of XRP against Ethereum has sparked a series of unfounded conspiracy theories within the crypto community.&nbsp;
Some supporters of XRP argue that the SEC may have shown favoritism toward Ethereum, giving it a "free pass" while choosing to pursue legal action against XRP.&nbsp;
These unfounded theories, often shared on social media and cryptocurrency forums, imply that Ethereum's backers could have inappropriately swayed the SEC's regulatory actions, a claim for which there is no concrete evidence. This narrative has gained traction despite repeated calls for evidence-based discussions.&nbsp;
Critics of these theories, including figures like Cardano founder <a href="https://u.today/xrp-community-has-no-desire-for-peace-cardano-founder-claims" rel="noopener noreferrer nofollow">Charles Hoskinson</a>, founder of Cardano, have pointed out the lack of proof behind such accusations and have called for a return of rational discourse within the community.

XRP Approaching All-Time Low Against Ethereum (ETH)

Table of Contents

U_Today

Other articles published on Feb 21, 2024

Facebook Marketplace Notices Pushd (PUSHD) Presale as More Solana (SOL) & Avalanche (AVAX) Invest...

This industry expert predicts Retik Finance (RETIK) will reach $14 in 2024, from $0.12 today

Apple is future-proofing iMessage with post-quantum cryptography

$CPOOL Spot Trading Launches on Bybit with Massive Prize Pool

AI Revenue Race Intensifies With Google’s Launch of Gemini for Workspace

Binance Introduces New Altcoin Project Portal on Launchpool

Join our free newsletter for daily crypto updates!