Recently, Ethereum overtook XRP for second position in the cryptocurrency market by market capitalization. As of January 6, 2019, Ethereum was valued at USD 149.84 with USD 15.58 billion market cap, and XRP was valued at USD 0.36 with USD 14.74 billion market cap1. Over the last month, the values of Ethereum and XRP have climbed over 85% and 20%, respectively.

MVIS CryptoCompare Ethereum Index
versus MVIS CryptoCompare XRP Index
versus MVIS CryptoCompare Digital Assets 100 Index

Source: MV Index Solutions

In the months to come, Ethereum will experience several hard forks. One of them is Constantinople, which will be implemented on January 16, 2019. This hard fork is scheduled for block #7080000, and may be very significant as it is a big step in Ethereum’s transition from using a proof-of-work protocol to proof-of-stake. Constantinople addresses five improvement protocols in Ethereum’s blockchain, and the community has shown strong support for this upgrade.

About the Author:

Wei Liu is Index/Data Specialist in MVIS’s operations department. She follows the Digital Assets space for many years and maintains the respective indices. She holds an M.Sc. in Management from Goethe University Frankfurt, Germany.

The article above is an opinion of the author and does not necessarily reflect the opinion of MV Index Solutions or its affiliates.

1MV Index Solutions / CryptoCompare