Market visualization courtesy of Coin360
Bitcoin 7-day price chart. Source: Coin360
Ether (ETH) is holding onto its position of the largest altcoin by market capitalization, which currently stands at $20.5 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $11.8 billion at press time.
Coin360 data shows that ETH’s value increased by about a percent over the last 24 hours. At press time, ETH is trading around $191. On the week, the coin has also gained about 3.24%.
Ether 7-day price chart. Source: Coin360
XRP 7-day price chart. Source: Coin360
At press time, the total market capitalization of all cryptocurrencies is $265.6 billion, about 0.22% higher than the value it reported a week ago.
As Cointelegraph reported yesterday, Ethereum is in a bear market, but Placeholder VC partner Chris Burniske explained why he believes ETH/USD is a great long-term investment.