Ethereum returns to second place in CoinMarketCap

Cryptocurrency Ethereum again revolved around the capital letter of the Ripple XRP token and regained the second place in the CoinMarketCap rating. In the past 24 hours, ETH has risen in price with 2.83% and trades at about $ 120 with a capitalization of $ 12.67 billion.

At the same time, the XRP capital is $ 12.49 billion, the price of the token on the last day has fallen by 0.11%.

Remember that ETH fell below $ 85 last December, but already at the beginning of January the cryptocurrency rose to levels above $ 150. The subsequent fall in the market, however, led to a new fall. At the beginning of last week, ETH traded around $ 100, but went up again Friday in the aftermath of a new market growth.

Nevertheless, despite the recent increase, Ethereum is still trading at 90% below the historic highs, which were recorded in January 2018. Then the price of ETH rose, according to CoinMarketCap, to $ 1,432.

Ethereum price chart for the last 3 months

In January, Brad Garlinghaus, CEO of Ripple, announced that his company was not a competitor to Ethereum, adding that "this is a marathon, not a short race".

Remember that at the end of February the planned hard forks Constantinople are expected in the Ethereum network.

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