Ethereum vs. Ripple Price Analysis: Ethereum (ETH) & Ripple (XRP) Trade Alike But With Deep-Rooted Differences
- Ethereum’s decentralized platform increases its reach globally
- Ripple’s alliance with over 100 worldwide banks provides an edge
Ethereum and Ripple have maintained a strong competition by one chasing the other & sometimes with only minor differences in the market cap, but a closer look showcases many more intricacies to be considered when making an investment choice. Ethereum’s decentralized platform, listings on global exchanges and easy mining accessibility make it a popular choice. On the other hand, Ripple’s collaborations with global banks, celebrity ambassadors, and cutting-edge technology have made it the torchbearer of future economic revolution. The current statistics of both Ethereum & Ripple look exact replica of each other.
Ethereum & Ripple Price Statistics:
As on June 12, 2019, at 07:14:07 UTC, the following pattern is observed in the value of each coin over the last 30 days.
|Statistics||Ethereum (ETH)||Ripple (XRP)|
|Circulating Supply||106,455,522 ETH||42,238,947,941 XRP|
|Return on Investment||8,685.65%||6,609.06%|
Ethereum had shown a downward trend of over 6% in the last 25 days when the price moved from $264.08 to $247.93. The ETH coin started rising up to cross $260 between May 6 and May 20 and then started falling consistently with only a few high moments.
Ripple has also maintained a similar trend with a downtrend of over 7% in the last 25 days, XRP price dropping from $0.42 to $0.39. The coin picked up pace post-May 27 but started dropping below $0.40 post-June 7.
Ethereum & Ripple Price Prediction:
Both coins have shown a low-high-low trend and maintaining a similar pace owing to the traders investing almost equally in both coins. However, if we look individually, ETH has come a long way from its initial starting value of the year of $133 while XRP is still trading within the same limits of $0.35 and $0.50. This indicates that while ETH may rise as high as $500 by the end of 2019, XRP may close the year around $0.9.
ETH and XRP both have a bright future and can pay huge returns in the long run.