The crypto market strong positive fractal at the beginning of the year was checkmated by forces of the bear that dragged Bitcoin and other coins into a dire state. However, XRP looks to have regained its surge against Bitcoin in the year 2020 after losing it at the beginning of March.
While XRP continues to remain in deficit compared to its value in the first month of the year, the loss of the remittance-oriented cryptocurrency is now slightly less than Bitcoin’s as the ecosystem shows no mercy to its investors.
On March 9, it was recorded that XRP presented a year-to-date gain of 7.77% while leading digital asset Bitcoin was up by 7.84%, according to data obtained from the price tracking site CoinCodex.
At present, the table looks turned around for both cryptocurrencies. As at the time of publishing, a unit of XRP is valued at $ 0.176325 after shedding out 8.82% of its value since the start of the year. On the side of Bitcoin, BTC has lost 9.31% from its starting value of the year.
24 hours data on CoinCodex reveals that Bitcoin, XRP and some other important coins are trending on the upside with significant added values.
Earlier, on February 5, the CEO of Ripple blockchain, Brad Garlinhouse notified the crypto space of the stride displayed by XRP against Bitcoin. The CEO, then identified that XRP has significantly outpaced Bitcoin in terms of added value since the start of the year 2020.
“XRP has outperformed BTC and the broader crypto market in 2020. XRP is up 44% (19.1 to 27.5) vs BTC’s 33% (7,100 to 9,500) so far this year,” Brad noted.
Hence the reason analysts have been monitoring the year-to-date growth of the two crypto assets.
On a differing side Ethereum (ETH), Bitcoin Cash (BCH), Bitcoin SV (BSV) have made significant gains on the year-to-date chart.
Ethereum is up by 5.04%, Bitcoin Cash has gained 8.75% while 78% has been added to the value of Bitcoin SV since the start of the year according to CoinCodex.