Ethereum (ETH), Cardano (ADA) and NEO Showcasing Resistance towards the Bears

Ethereum (ETH), Cardano (ADA) and NEO Showcasing Resistance towards the Bears 13

With the speedy up and downs throughout the market, it has a reached a difficult state to predict what could take place or happen next. But, for the time being the one that is standing out heavily is Ethereum – the third largest by market capitalization.

Ethereum ETH

Without a doubt, the talk of the week is Ethereum and how its performance is closing-in dangerously towards Ripple”s XRP just-gained second place right below Bitcoin (BTC). Roughly two weeks after the fateful BCH civil war took the crypto market by surprise and threw it off a cliff, Ethereum and most coins took heavy blows by the bears. However, XRP appeared to stand ground and reach $4 bln more market capitalization just in a few days compared to the previous-second place holder.

Returning to the present, the very popular Ethereum is standing in the spotlight for the past week and so it is only half a billion far from Ripple’s XRP. Per time of writing the pair ETH/USD is one of the only in the green with 2.70% gain in the last 24-hours.

Eth XRP

source: coinmarketcap

As XRP experienced heavy grinding throughout the year, many thought that Ethereum is history and now the real game is between the crypto-pioneer Bitcoin BTC and the speedy XRP.

However, the next weeks and months could counter-reply the ETH-bearish ideas spread in the crypto community. Case in point, the project’s Constantinople upgrade, the next step in Ethereum’s multi-year plan to integrate Serenity (Proof of Stake, sharding, etc.), is slated to activate over the next three weeks.

Constantinople, which will cut Ether’s issuance rate by 33% and activate short-term scaling solutions, will activate (via a hard fork) at the processing of the 7,080,000 blocks.

Read in details:

Ethereum (ETH) Closes In On XRP After 15% Gain

Showcasing good numbers are also Cardano ADA and NEO against the US Dollar. The pair ADA/USD has reached the level of $0.043 with 3.23% increase in the last 24-hours expanding the market cap gap between it and IOTA (MIOTA). Also, NEO is battling sellers to re-test the major $10.00 mark is it is counting 4.35% in the last day.