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- XRP surges 35%, reaching $1.50 for the primary time since 2021, boosting its market cap to $80 billion.
- In lower than two weeks, XRP’s market cap has grown almost threefold, positioning it to problem BNB.
- With a rally to $2, XRP may surpass Solana and set its sights on Ethereum as the subsequent main goal.
At present, XRP surged by over 35%, enabling it to achieve the lofty $1.50 value for the primary time since 2021. With this value, XRP’s market cap has now risen to over $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 grown almost threefold.
XRP is presently the sixth-largest cryptocurrency by market cap. Nevertheless, this spectacular development places it inside placing distance 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 solely a 6% acquire during the last two weeks in comparison with XRP’s 166% development. Market watchers are longing for the flip of BNB to happen, with some noting that XRP solely must advance additional by 50% to overhaul BNB and face Solana (SOL) as the subsequent formidable challenger.
Notably, Solana has a market cap of $121 billion and just lately set a brand new all-time excessive, reaching $263 amid a 5% development immediately and 51% development over the previous week. Primarily, XRP may face a big hurdle in overtaking Solana as it’s also a top-performing crypto asset available in the market.
Will XRP Problem Ethereum?
If XRP rallies to $2, it may overtake Solana, bringing its market cap to round $120 billion. And If this occurs, it will place XRP simply behind Bitcoin and Ethereum.
Notably, again in January 2018, XRP briefly surpassed Ethereum in market cap when it was buying and selling at all-time highs within the $3 vary. Market pundits like Ben Armstrong, aka BitBoy, consider such a state of affairs may resurface on this ongoing season. Nevertheless, this is able to require XRP’s value to develop almost 5 instances its present worth, as Ethereum’s market cap is now over $400 billion.
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