Price Analysis

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.

ETH AND XRP Price Chart - 12 June

Statistics Ethereum (ETH)Ripple (XRP)
Price  (USD)247.930.39
Price (BTC)0.031537000.00004944
Market Capitalization26,430,050,58716,654,360,631
24h volume7,568,078,8361,183,860,393
Circulating Supply106,455,522 ETH42,238,947,941 XRP
Return on Investment8,685.65%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.

Conclusion:

ETH and XRP both have a bright future and can pay huge returns in the long run.

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Ruti Vora

Ruti has recently joined CryptonewsZ as a writer and has been writing on other cryptocurrency sites as well. Having a background of tech field makes her versatile with a keen interest in literature. You will find her surrounded by books and music when she is not on work. You can also contact her on Linkedin or Facebook.
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