After a period of relative bearish movement in the crypto markets, the charts have been replaced by short gains among most of the top 100 coins.
Top cryptocurrency, Bitcoin has been on a rapid decline since showing promises of breaking the $7000 duck near the end of last week. The coin slumped below the $6400 support on the previous trading day (Sept 25) but has rebounded slightly to a $6485 price at press time.
ETH also has the same outlook with a $212 price and 0.37% increase on the day. Among the other top ten coins in the crypto markets, EOS, Cardano (ADA), Stellar (XLM), Litecoin (LTC), and Monero (XMR) are seeing gains within the 1% – 4% range.
Ripple XRP Performance Catch The Eye Once Again
XRP has been on the end of some bullish move in recent weeks and is seeing some good gains amidst the bear markets. Last week, XRP momentarily went over ETH as the second largest cryptocurrency by market cap, and that flippening could happen again.
At press time, the market cap for both altcoins were $21.8 billion (ETH) and $21.2 billion (XRP), according to data from Coinmarketcap. ETH price is $213 while XRP price is $0.53.
With ETH on a really bad run of form at the moment and XRP continuing to flourish, one would expect that the next time a swap happens, XRP will hold its position as the second-largest cryptocurrency for a longer time.
The total market cap of all cryptocurrencies at press time is $218 while BTC dominance is 52.5%.
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