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The sporadic behavior of the cryptocurrency market became evident again as several coins began to ride the bullish wave, including shifting positions on the chart. Ethereum [ETH], who trailed under the XRP for more than two months, finally climbed to second place while the XRP fell to third place. This overshoot was facilitated by the surprise price hike that affected all crypto-currencies in the chart.
At the time of writing this article, Ethereum was green in all periods, with an increase of 3.1% in the 24-hour spectrum to help us. Cryptocurrency was trading at $ 121.16, with a total market capitalization of $ 12.699 billion.
ETH's $ 2.10 trillion market volume, spread over 24 hours, was widely shared between OEX and ZBG, two popular cryptocurrency exchanges. While the first had recorded transactions worth $ 175,087 million on the platform, ZBG had seized $ 96.917 million of total trades in ETH.
Source: TradingView
XRP, who had a big grip on the second position, lost traction after Ethereum took advantage of a race up. At the time of the press, the XRP was trading at $ 0.31, with a total market capitalization of $ 12.516 billion. The growth of XRP over 24 hours was almost negligible, with an increase of only 0.06%.
Cryptocurrency had a market volume of 481,518 million dollars over 24 hours, the ZBG factor being also a common factor with the XRP protocol. ZB.COM held the lion's share of XRP transactions with $ 49.66 million in transactions on the platform. ZBG came in second, overseeing $ 27.89 million of all XRP exchanges.
Source: TradingView
The downfall of XRP in relation to the second position stems in fact from a positive impetus from the Institutions Department, as evidenced by Eva Kaili, Member of the European Parliament, at an event organized by Ripple Regionals. She said:
"I thought that if we were not positive, the resistance of traditional actors would only grow and could even kill a technology that had as much potential for good."
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