Ethereum returned to being the second largest cryptocurrency in the world after pushing XRP back to the third spot, with a $200 million lead on XRP's market cap.
After one full month of holding on to the number two spot, XRP was, once again, leapfrogged by Ethereum.
Ripple’s XRP, lost ground with a recorded loss of 1.53%, currently trading at $0.30, with a market cap of $12,5 billion.
It is difficult to pinpoint the exact reason why Ripple isn't gaining momentum as many people would have expected, especially after signing new partnerships right left and center.
Ethereum, however, did see an increase in price during the past 24 hours according to coinmarketcap.com. ETH is currently trading at $122, and is up 2.41%, with a marketcap that sits at $12.7 billion, $200 million above the market cap of XRP.
BTC is currently holding fairly solid at around $3667, with a small loss of -0.02% during the past 24 hours.
The market is uncharacteristically stable, which have some analysts to believe the tide may be turning in favor of the bull.
Only time will tell whether or not these gains turn out to be a bullish indicator or a dead cat bounce.
#cryptocurrency Saturday positivity.#Bitcoin, and the entire #crypto market officially broke the falling wedge to the upside. Welcome to the bull market.— Alex Melen (@amelen) February 10, 2019
Credit: Alex Mishkin pic.twitter.com/Yzw8xdBreN