XRP is Now The world’s 4th Biggest Cryptocurrency
XRP Now Accounts for 3% of the Total Crypto Market Cap. The world’s 4th largest cryptocurrency now has a market cap of almost $75 billion, Finance Magnets reports.
XRP saw a jump of more than 40% in the last 7 days as the world’s 4th most important 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 actually gained significant value throughout the last couple of weeks. XRP now has nearly 3.2% of the total market cap of digital currencies. Bitcoin remained the most dominant cryptocurrency with a market dominance of approximately 47.7%. Ethereum’s market supremacy currently stands at around 15.7%, followed by Binance Coin (BNB) at 4.1%.
XRP price is now up by more than 500% considering that 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 spiked from $0.57 to $1.95, the highest level in more than 3 years.
The total market dominance of XRP has actually been on the rise because the start of April. The most recent jump in Ethereum, BNB, and XRP is triggering a sharp decline in Bitcoin’s market dominance. The cryptocurrency likewise reported a significant jump in weekly institutional inflows throughout April as the digital asset brought in around $33 million in the second week of April.
Whale Alert highlighted big XRP deals over the weekend, primarily from the Ripple Escrow Wallet. Crypto transfers worth more than $1 billion were reported during the last 3 days. Whale Alert also mentioned the motion of 7 million XRP coins from a digital wallet to cryptocurrency exchange Huobi. Finance Magnates earlier reported about the transfer of 15 million XRP from digital exchange crypto.com to an unknown wallet.
The total distinction between the marketplace cap of XRP and Binance Coin (BNB) presently stands at around $20 billion. In general, the marketplace 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.
