Eth is the native cryptocurrency token of ethereum, and xrp of ripple. Both have a strong community supporting their investment and application case. But despite their sky-high popularity in the digital currency realm, ethereum and ripple are vastly different wrt protocol use cases and token utility.
Xrp, formerly known as ripple, is a coin created by a company ripple labs. Recently, xrp successfully took over ethereums position on the list of largest coins, and it has been around a month and a half as it took over.
8 billion coins and a total volume exchanged of eth1,742,059.
The percentage of funds invested in cryptocurrencies may be low due to the risk exposure, however, less than 1 of the invested funds are driving 60 of roi and this is more rewarding than the conventional 8020.
soon after ripple ceo brad garlinghouse said that sec was planning to sue the firm over its sale of xrp, billionaire investor and galaxy digital founder mike novogratz took to twitter to speak about the recent developments. On 22 december, novogratz said that he found it strange that jay clayton waited years to sue ripple.
ethereum (eth) has cleared a crucial short-term resistance area, indicating that it is likely to head higher.
In my opinion and knowledge, xrp is more in demand today because of its cheaper price from ethereum. That means if there is a risk of price reductions on xrp, xrp token holders will experience fewer fatal losses. Whereas in ethereum more often experienced a drastic decline.
Yesterday morning, buyers broke through the psychological resistance at the level of 0. The sellers reaction was a rather strong bearish impulse, which forced a test of the upper border of the sideways corridor of 0. This level worked as a support and the price bounced to the area of 0.
along the way, it took other cryptos like stellar (ccc xlm) and xrp (ccc xrp) higher. And with the leading digital currency pulling back, we wrote recently that many are betting on bigger gains.
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It’s a format, like paper money.Guide to Cryptocurrency Taxes: How to Calculate Taxes on Crypto in the USA.Coinmama specializes in selling Bitcoin and cryptocurrencies instantly with a credit card, or with bank transfer and is one of the most popular exchanges in the world.There are a lot of things being said about the future of cryptocurrencies. Some people believe that the cryptocurrency phase won’t last long, while others think they’re going to be around forever.Bitwise is one of the leading providers of crypto index funds. Pioneered in the crypto asset management space, Bitwise created one of the world’s first cryptocurrency index funds called ‘Bitwise 10 Private Index Fund’. With a well-diversified exposure, this fund tracks the 10 largest cryptocurrencies weighted by 5-year diluted market capitalization, and the rebalancing of the fund happens every month.