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Ethereum Surpasses Ripple, Recovers #2 Spot on CMC – Is It Thanks to Justin Sun?

  • Yuri Molchan
    📰 News

    Since Saturday, Ethereum’s market cap value began rising, until ETH outperformed XRP as the new week starts off


Ethereum Surpasses Ripple, Recovers #2 Spot on CMC – Is It Thanks to Justin Sun?
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On Monday, Feb 11, Ethereum has recovered its #2 position on Coinmarketcap, having surpassed XRP over the weekend.

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Current ETH market stance vs XRP

Presently ETH is going for $121.07 with its market cap being $12 689 861 490. This just slightly exceeds the market cap value of XRP, which totals $12 526 321 443. Ripple, despite being in spot #3 of the top-ten list, is trading only at $0.30.

However, the trading volume of Ethereum is way higher than that of Ripple – $3 151 613 621 (ETH) compared to $485 643 973 (XRP).

Compared to just a week ago, ETH has increased in price from $107, and this weekend an unknown factor made Vitalik Buterin’s coin spike in market cap value.

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What should we expect for the ETH price in 2019?

As the new year rolled in, experts have been asking themselves and each other a question regarding the price of the Ethereum token in 2019: What will happen to it – will it roll up or down along with the hopes of its holders? The approximate target for the end of 2019 has been set at the $1,000 mark. As for the end of February, opinions show much more variety.

Various expert sources have shared different opinions:

WalletInvestor believes that by the end of February 2019, Ethereum will reach $100 - $110. Quite pessimistic compared to what we already see today, but you never know. February has only started.

CoinPredictor experts went for around $59 as a potential price level of ETH by the end of February.

Only Trading Beasts seem to be bullish on Ethereum and are betting that by the end of February, the price will victoriously hit $494. However, for the start of February, they predicted the price of $249, so whether or not to trust their optimistic forecast is up to everyone to decide.

Is ETH rising because Vitalik’s 2017 BitTorrent tweet got huge attention over the weekend?

Some experts have assumed that two tweets caused ETH’s market cap to rise. The tweets were written in response to questions directed at Vitalik Buterin about what constitutes a megatime success and what dApp has shown a real long time use case. Vitalik answered “BitTorrent” to both questions.

Is ETH rising because Vitalik’s 2017 BitTorrent tweet got huge attention over the weekend?

This took place back in 2017, but Justin Sun publicly thanked Vitalik for that only this weekend. Since in 2017 Tron did not own BitTorrent yet, it may well be that Justin Sun has decided to use Vitalik’s old answer to make it look like Buterin supports the Tron-BitTorrent alliance at the moment.

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It Would Take Several Seconds to Hack Every Cryptocurrency in the Nearest Future


It Would Take Several Seconds to Hack Every Cryptocurrency in the Nearest Future
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Blockchain is commonly known as an immutable ledger that is impossible to hack, but there is always a looming threat of quantum computers. HCASH Chief Scientist Dr Joseph Liu, who claims that every single cryptocurrency can be hacked in a matter of seconds, has come up with his own coin that won’t be threatened by quantum hackers.

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The inevitable quantum takeover     

Quantum computers are generally considered to be the Achilles’ heel of Blockchain-based cryptocurrencies, including Bitcoin. IBM has already announced its first quantum computer with Google and Intel also working in that direction in 2019.


IOTA, which is powered by DAG dubbed ‘Tangle’, is considered to be the only quantum-proof cryptocurrency on the market, but there could be yet another option – Hypercash that recently presented its post-quantum secure Ring CT protocol.    

‘If you want to use this computer to break the … normal security, it’ll take maybe 500 years to break the system. If you use a quantum computer, maybe several seconds. Hcash is trying to provide security, even in the existence of this future computer,’ – he claims during a recent interview.

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A precursor to Monero     

The aforementioned quantum-resistance cryptocurrency is based on Liu’s research paper about a ‘linkable ring signature.’  Fun fact: that paper, which was published back in 2014, was used by the creators of Monero as the basis for the flagship privacy coin.

The Ring Confidential Transaction (RingCT) allows having an external verifier without exposing who that verifier is. Liu didn’t expect the coin to produce any significant impact, but now he is eager to improve the protocol of the billion dollar currency without getting any financial gains.

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High hopes for Blockchain

Despite his gloomy prediction about the quantum takeover, Liu is still certain that the future of Blockchain is bright. He is certain that there will be an increasing number of Blockchain-related jobs that will be coupled with growing academic interest in cryptography. There is will be many use cases of Blockchain technology in different spheres of our life.

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