Ripple goes full throttle and overtakes Ethereum: XRP soon to be base pair on Binance?
Ripple’s continued success does not seem to be abating, 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 adaptation, it is necessary to further distribute the available base pairs on stock exchanges in order to simply trade XRP without any major detours.
The eternal battle for 2nd place of the largest crypto currencies worldwide 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 0.46 euros and a market capitalisation of almost 18 billion euros, the difference to third place now amounts to more than 2 billion euros (Ethereum has a market capitalisation of 15.94 billion euros).
The growing gap between XRP and Ethereum has led to renewed calls to ripple followers, asking Binance and other crypto currency 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.
.@cz_binance The 2nd biggest crypto asset by market cap is not offered as a base trading pair on @Binance
There is a good opportunity there to provide more value to your customers. 🙂#xrp
– C3|Nik (@C3_Nik) November 17, 2018
What’s it gonna take for #XRP to decouple from #BTC? Simple: XRP-based trading pairs. The sooner we add more diversity to the crypto space, the safer we’ll all be. #Bitcoin shouldn’t dictate the outcome of every single project in this industry. #Binance, are you listening?
– White Ratings (@WeissRatings) 16 November 2018
The push or call to add XRP as a base pair on Binance came up in August of this year. So far the CEO of Binance, Changpeng Zhao, has not responded to requests to comment on future base pairs on the leading exchange for crypto currencies. However, as the adaptation of XRP is increasing daily, it seems to be only a matter of time before this step is implemented.
If you want to believe the predictions of Bloomberg’s intelligence analysts, the market correction is just beginning. You 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 rate could drop to as low as €1,300.
.Some industry experts see the long debate over the Bitcoin Cash Hard Fork as the reason for the current downward trend. The fork took place on 15.11.2018, only one day after the supposed new correction started. For the moment it seems to be calm, but it is not sure how long the bear will stay still.
