- XRP jumps 35%, hitting $1.50 for the primary time since 2021, bringing its market cap to $80 billion.
- In lower than two weeks, the market capitalization of XRP has nearly tripled, permitting it to compete with BNB.
- With a rally to $2, XRP may surpass Solana and set its sights on Ethereum as its subsequent main goal.
At this time, XRP surged over 35%, permitting it to succeed in the excessive value of $1.50 for the primary time since 2021. With this value, the market cap of XRP now stands at over 82 billion {dollars}.
Notably, on November 10 alone, XRP had a market capitalization of $33 billion, buying and selling at $0.58 on the time. Two weeks later, the market capitalization of XRP nearly tripled.
XRP is at present the sixth largest cryptocurrency by market capitalization. Nonetheless, this spectacular progress places it on the verge of surpassing its closest competitor, Binance Coin (BNB).
XRP vs. BNB: A market cap showdown with eyes on Solana
BNB has a market cap of $89 billion and trades at $620, with only a 6% acquire over the previous two weeks in comparison with XRP's 166% progress. Market observers are wanting to see the BNB reversal happen, with some noting that XRP solely must advance one other 50% to overhaul BNB and tackle Solana (SOL) as the subsequent formidable challenger.
Notably, Solana has a market cap of $121 billion and not too long ago set a brand new all-time excessive, reaching $263 amid progress of 5% right this moment and 51% over the previous week. Primarily, XRP may face a big hurdle in overtaking Solana as additionally it is one of the best performing crypto asset in the marketplace.
Will XRP problem Ethereum?
If XRP hits $2, it may overtake Solana, bringing its market cap to round $120 billion. And if that occurs, it could place XRP simply behind Bitcoin and Ethereum.
Notably, in January 2018, XRP briefly overtook Ethereum when it comes to market capitalization because it traded at all-time highs within the $3 vary. Market specialists like Ben Armstrong, aka BitBoy, imagine that such a situation may resurface within the present season. Nonetheless, this is able to require the worth of XRP to extend by nearly 5 instances its present worth, as Ethereum's market cap now exceeds $400 billion.
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