Ethereum (ETH) has conquered Ripple (XRP) to recover its place as the most significant altcoin by market cap, info from CoinMarketCap confirmed on Jan. 2.
As part of a return to favorable gains during the very best twenty cryptocurrency funds during Tuesday, ETH -- which had spent several weeks from the number three position -- suddenly reemerged, at press time surpassing XRP's market cap by roughly $500,000.
The move comes on the back of fresh controversy for both XRP and its relationship with payment network Ripple.
Confusion over whether Ripple can make executive decisions over the XRP spilled into mainstream consciousness this week after United States cryptocurrency trade Kraken openly requested a senior executive to get advice on how to name it.
Ethereum, that Justin Tron had criticized for failing to capitalize on progress on its evolution roadmap, gained 8.3% at the 24 hours to press time, making it the ideal performer in the top twenty.
XRP had advanced just 2.3% in exactly the same period.