- XRP rose 35% to hit $1.50 for the primary time since 2021, pushing its market cap to $80 billion.
- In lower than two weeks, XRP's market cap has practically tripled, placing it within the place of BNB.
- With an increase to $2, XRP may surpass Solana and set its sights on Ethereum as the following main goal.
At the moment, XRP is up greater than 35%, permitting it to succeed in the excessive worth of $1.50 for the primary time since 2021. With this worth, XRP's market cap has now risen to greater than $82 billion.
Notably, simply on November 10, XRP had a market cap of $33 billion, buying and selling at $0.58 on the time. Quick ahead two weeks and XRP's market cap has practically tripled.
XRP is at the moment the sixth largest cryptocurrency by market capitalization. Nevertheless, this spectacular development places it inside hanging distance of its closest competitor, Binance Coin (BNB).
XRP vs. BNB: Market Cap Showdown with eyes on Solana
BNB has a market cap of $89 billion and is buying and selling at $620, with solely a 6% achieve over the previous two weeks in comparison with XRP's 166% rise. Market watchers are anticipating a BNB turnaround, with some noting that XRP must advance one other 50% to overhaul BNB and face Solan (SOL) as the following formidable challenger.
Notably, Solana has a market cap of $121 billion and lately hit a brand new all-time excessive of $263, up 5% in the present day and up 51% over the previous week. Primarily, XRP may face a big hurdle in overtaking Solano as it’s also the most effective performing crypto asset available on the market.
Will XRP Problem Ethereum?
If XRP rises to $2, it may overtake Solano, bringing its market cap to round $120 billion. And if that occurs, it might put XRP proper behind Bitcoin and Ethereum.
Notably, in January 2018, XRP briefly surpassed Ethereum in market capitalization when it traded at all-time highs within the $3 vary. Market consultants like Ben Armstrong aka BitBoy consider that such a state of affairs may play out once more on this ongoing season. Nevertheless, this is able to require the value of XRP to rise practically fivefold from its present worth, as Ethereum's market cap is now over $400 billion.
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