Wednesday, July 28, 2021
Home Crypto News Analysis Ripple (XRP) Now Accounts for 3% of the Total Cryptocurrency Market Cap

Ripple (XRP) Now Accounts for 3% of the Total Cryptocurrency Market Cap

- Advertisement -

The market capitalization of the fourth largest crypto in the world is almost $75 billion that makes Ripple (XRP) account for 3.2% of the total cryptocurrency market cap.


Over the past 7 days, XRP has jumped more than 40% becoming the world’s 4th most valuable digital currency. XRP is currently trading above $1.6 with a market capitalization of over $74.24 billion.

According to Coinmarketcap, XRP’s market cap has grown significantly over the past few weeks. XRP now accounts for almost 3.2% of the total market capitalization of digital currencies.

Bitcoin remained the most dominant crypto with approximately 47.8% market dominance. Currently, the market dominance of Ethereum is about 15.6%, followed by Binance Coin (BNB) with a dominance of 4.2%.

The price of XRP has increased by more than 500% since the beginning of this year. XRP was trading at around $0.23 on January 1, 2021. The price gained momentum in April, when the digital currency jumped from $0.569 to $ 1.94, the highest level in more than 3 years.

XRP’s overall market dominance has been growing since the beginning of April. The latest surge in Ethereum, BNB, and XRP is causing a sharp decline in Bitcoin’s market dominance.

According to Coinshares report, XRP had a significant jump in weekly institutional inflows in April, as the digital asset raised an estimated $33 million in the second week of April.

XRP weekly institutional inflows

The total difference between the market capitalization of XRP and Binance Coin (BNB) is around $20 billion.

Overall, the market capitalization of digital currencies reached $2.25 trillion on Monday, the highest ever.

Bitcoin (BTC), currently has a market cap of more than $1.10 trillion.

- Advertisement -
Albert Brownhttps://thecryptobasic.com/
Albert Brown has obtained his master's degree in Stock Trading And Investing. His specialty is analyzing the price actions of crypto and stock markets. Albert provides a major role in TheCryptoBasic as a crypto analyst. He is also known for his work on Twinkle Magazine and TipRanks.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

The Graph to use Polygon for its billing system

Singapore, Singapore, 28th July, 2021, Polygon proof-of-stake (PoS) is an Ethereum scaling solution whose ecosystem attracts the brightest developers from all over the world....

Coca-Cola To Launch First-Ever NFT Collectibles

Coca-Cola and Tafi became partners as Tafi is designing virtual wearables for Coca-Cola's first-ever non-fungible token (NFT) collectibles to celebrate International Friendship Day on...

Binance CEO Aims To Make Binance Regulated Worldwide, Also Daily Withdrawal Limit For Binance Unverified Accounts Reduced And Binance Leverage Trading Limit Reduced

Changpeng Zhao, Binance CEO and Founder, stated that Binance will work with local regulators in order to establish Binance regional headquarters.

Utah Resident, A Dogecoin Fan Selling His Home For Crypto Offers a Generous 10% Discount only If He Is Paid In Doge

According to local TV station KUTV (Video Below), an American citizen from Utah joined the ranks of those selling their property for cryptocurrencies. Utah Resident,...

Panther Protocol Partners with Vegaswap

Midtown, Gibraltar, 27th July, 2021, Panther Protocol, the privacy protocol, has partnered with Vegaswap, the automated market maker (AMM) protocol with multichain support. Vegaswap is...

European Digital Identity: Talao Announces Professional Credential Solution

Paris, France, 27th July, 2021, Talao, a blockchain-based Digital Identity specialist for the Human Resource industry, today announced a professional credential application to transform...

Vechain CEO, Sunny Lu Interview By Fenbushi Capital, Sunny Lu Talks About Partners, Investors And The Three Historic Choices

VeChain CEO, Sunny Lu, was interviewed by Fenbushi Capital for their Distributed Entrepreneurship Column. Sunny talks partners (DNV, PwC), investors (Fenbushi, Fenchain), and the three...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.

follow us in feedly