The prime market capitalization of Cardano is rising while that of Ripple is falling.
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The crypto market session on Monday may be compared to a real massacre. Some of the projects survived the day with with minor damage, while the rest of them crowded into this tub. In any case, it’s interesting to weigh the results of this not black, but unquestionably dark grey, Monday for Cardano and Ripple, which fell from sixth and seventh to seventh and eighth place, respectively, in the top projects by market capitalization on CoinMarketCap.
Cardano capitalization fell by $3.2 billion on the day, while Ripple’s fell by $2.6 billion; both are seen as potential threats to the dominant position and their respective operations.
Utility or revenue?
Would you say this assessment is fair for one of the crypto community’s most prominent and well-liked projects? Do you think the current price of Ripple is too low? Any possible answers are still up for grabs. Importantly, there do not appear to be many catalysts for change that would propel both Cardano and Ripple forward at the same time.
