Ripple (XRP) overtook Ethereum as the largest market-caped altcoin in a surge that divided the cryptographic community. currency

The network token has reached up to $ 2.65 on some stock markets this week as investors celebrate returns that have exceeded 1,000% in just three weeks. In early December, the XRP traded at only $ 0.24

Multiple altcoins saw astronomical gains towards the end of this year, as the rise of Bitcoin fueled the copying behavior that recorded new records. and Ethereum Classic.

With a market capitalization of $ 91 billion at press time on Saturday, however, it is XRP that stole the show at Ethereum, which currently has a market capitalization of 68 billions of dollars. Meanwhile, Bitcoin's market share has dropped to new historic lows (38%).

Reasons for the increase in Ripple revolve around new partnerships with traditional finance, institutions eager to reduce their costs and save time.

Despite its new successes, however, Bitcoin figures seem heavier than ever, highlighting the centralized structure of the project and the comparative lack of use cases of XRP compared to the platform. form itself. between the (past) and the (future), "said BitFury's CEO, George Kikvadze, on Twitter Friday.

Ripple – Centralized Solution; Trust in a Company – Value of 100 Billion dollars Bitcoin – Decentralized Solution Confidence in Mathematics and Cryptography – Value of 235 Billion Dollars There Is a Bad Assessment Here Between the Past and the Future – George Kikvadze (@BitfuryGeorge) December 30, 2017

WhalePanda went further, comparing the qualities of Ripple in terms of qualities Blockchain to the famous MMM OneCoin

If you believe really that Ripple, which is not even a blockchain project, is the future of crypto-currencies … – WhalePanda (@WhalePanda) December 30, 2017

Chris Burniske, a VC giant, and Preston Byrne, a technologist from Bl ockchain, also expressed concern about the growth rate of XRP.