Rotation Continues – Ripple Tops Ethereum As 2nd Largest Cryptocurrency

The Long Awaited Launch of New Bitcoin SegWit2X Fork Finally Took Place! pic.twitter.com/GC46rYFoOI
— Segwit2X (@Segwit_2X) December 28, 2017

For a brief period overnight, Ripple overtook Ethereum as the 2nd largest cryptocurrency (topping $71 billion in market cap)…
As the recent rotation from Bitcoin, Litecoin, and Ethereum into Ripple (XRP) continued overnight.
One thing of note is that BTC and ETH both erased the South Korea headline plunge losses overnight (before fading lower once again)…
As BI reports, Ripple, which is up about 61% over the past week and more than 5,000% this year, has been on a tear since Ripple’s Asian subsidiary and a group of Japanese credit-card companies announced a new consortium Wednesday. The consortium aims to identify how blockchain and distributed-ledger technology can be deployed in credit-card payments.

This post was published at Zero Hedge on Fri, 12/29/2017 –.