Crypto News - XRP is Now The world's 4th Biggest Cryptocurrency - Bitcoin News
Crypto News - XRP is Now The world's 4th Biggest Cryptocurrency - Bitcoin News
https://www.youtube.com/watch?v=G7zhD3T56-sXRP Now Accounts for 3% of the Total Crypto Market Cap. The world's 4th biggest cryptocurrency now has a market cap of almost $75 billion, Finance Magnets reports.
XRP saw a dive of more than 40% in the last 7 days as the world's 4th most valuable digital currency accelerated its price recovery. The cryptocurrency is currently trading above $1.6 with a market cap of more than $74 billion.
According to Coinmarketcap, the XRP market cap has gained substantial value during the last few weeks. XRP now has almost 3.2% of the total market cap of digital currencies. Bitcoin stayed the most dominant cryptocurrency with a market dominance of around 47.7%. Ethereum's market dominance currently stands at around 15.7%, followed by Binance Coin (BNB) at 4.1%.
XRP price is now up by more than 500% since the start of this year. The cryptocurrency was trading at around $0.23 on 1 January 2021. The price rally gathered momentum in April as the digital currency increased from $0.57 to $1.95, the highest level in more than 3 years.
The overall market dominance of XRP has actually been on the rise since the start of April. The current jump in Ethereum, BNB, and XRP is triggering a sharp decline in Bitcoin's market dominance. The cryptocurrency also reported a substantial jump in weekly institutional inflows throughout April as the digital possession attracted approximately $33 million in the second week of April.
Whale Alert also pointed out the movement of 7 million XRP coins from a digital wallet to cryptocurrency exchange Huobi. Financing Magnates earlier reported about the transfer of 15 million XRP from digital exchange crypto.com to an unidentified wallet.
The total difference between the market cap of XRP and Binance Coin (BNB) presently stands at around $20 billion. Overall, the market cap of digital currencies touched $2.27 trillion on Monday, the highest level on record. The world's biggest digital currency Bitcoin (BTC) currently has a market cap of more than $1.08 trillion.
XRP saw a dive of more than 40% in the last 7 days as the world's 4th most valuable digital currency accelerated its price recovery. The cryptocurrency is currently trading above $1.6 with a market cap of more than $74 billion.
According to Coinmarketcap, the XRP market cap has gained substantial value during the last few weeks. XRP now has almost 3.2% of the total market cap of digital currencies. Bitcoin stayed the most dominant cryptocurrency with a market dominance of around 47.7%. Ethereum's market dominance currently stands at around 15.7%, followed by Binance Coin (BNB) at 4.1%.
XRP price is now up by more than 500% since the start of this year. The cryptocurrency was trading at around $0.23 on 1 January 2021. The price rally gathered momentum in April as the digital currency increased from $0.57 to $1.95, the highest level in more than 3 years.
The overall market dominance of XRP has actually been on the rise since the start of April. The current jump in Ethereum, BNB, and XRP is triggering a sharp decline in Bitcoin's market dominance. The cryptocurrency also reported a substantial jump in weekly institutional inflows throughout April as the digital possession attracted approximately $33 million in the second week of April.
Whale Alert also pointed out the movement of 7 million XRP coins from a digital wallet to cryptocurrency exchange Huobi. Financing Magnates earlier reported about the transfer of 15 million XRP from digital exchange crypto.com to an unidentified wallet.
The total difference between the market cap of XRP and Binance Coin (BNB) presently stands at around $20 billion. Overall, the market cap of digital currencies touched $2.27 trillion on Monday, the highest level on record. The world's biggest digital currency Bitcoin (BTC) currently has a market cap of more than $1.08 trillion.
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