After a 12% rally, Ethereum’s market cap now stands at $15.8 billion. Ripple, despite a 3% move to the upside on Wednesday, has a current market cap of just $14.9 billion.
Ethereum’s rally is due to the anticipation of a series of upcoming hard forks. Ethereum Classic Vision will be airdropped to Ethereum holders at a ratio of 3:1 on January 11th. The Ethereum Nowa fork, meanwhile, is planned on January 12th.
After forming a bottom in December, when Ethereum’s price hit a yearly low of $83, the cryptocurrency has rallied over 70%, making it one of the best performing digital assets in the space over the last month.
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