The Terrible deserter that happened on Wednesday left bitcoin below 100 billionusd. The worst bear since 2018. currently the top two major altcoins XRP and eth are struggling out for the second place. Ethereum fell over to 170 usd while XRP has fallen to 0.4363. a cooling ICO market has also gone down the line as the amount raised via coin offerings plummeted to a $63.2 million in October. this is the lowest since March 2017 just before the token boom began, according to ICOData.io.
As the war for the second place continues,it is clear that XRP is taking the position. How long do we expect to see such position happening?
I think that many ICOs still keep their income in ETH. To avoid a total loss, they now try to sell their ETH as soon as possible. As a result, the ETH course suffers greatly. Currently, the BTC still determines the course, the BTC goes down, as well as the Alts. Regarding XRP anyway I wonder why this has the second largest market capitalization, since XRP actually has no value.