Cryptocurrency Ripple (XRP), which price per day increased by almost 80%, has surpassed the total market capitalization of Ethereum (ETH) and took the list Сoinmarketcap the second place after bitcoin (BTC).

As wrote in his Twitter captainvalor and Forbes columnist Joseph young, Ripple just “made” Ethereum for the first time since Dec 2017:

Ripple just flippened Ethereum for the first time since December 2017.

Absolutely insane market

— Joseph Young (@iamjosephyoung) 21 Sep 2018

Now, the total capitalization of the Ripple is more than $25 billion, adding a day more than $10 billion XRP was the second in terms of capitalization, but the first trading on the stock exchanges. Many exchanges can not cope with such volumes and forced for technical reasons to suspend its work:

We will remind, in the beginning of the year Ripple has entered into multiple partnerships with major banks and financial institutions. RippleNet its network includes more than 100 companies that use the Protocol in order to improve the speed of international transactions and reduce their cost.

Yesterday it became known that the ninth largest Bank assets USA – PNC Bank joins the network RippleNet to have the opportunity to receive cross-border payments in real time.