XRP beats Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and Cardano (ADA) in annual returns.
The XRP community believes XRP is the best-performing digital asset among the top-ranking cryptocurrencies over the past year. The community believes that big media in the United States projects contrary data to the public.
In particular, the well-known XRP figure Digital Asset Investor proclaimed that XRP has seen 58% growth over the past year. He argued that the percentage puts XRP ahead of all the top ten cryptocurrencies by significant market cap.
The XRP influencer proclaimed that onlookers would easily believe the best performers are Bitcoin and Ethereum based on televised programs. Digital Asset Investor lamented:
“You’d think it was Bitcoin and Ethereum if you watched Squawk Box CNBC. The truth will set traditional media free but don’t hold your breath.”
XRP +58% On the year. Best performance of any of the top 10 digital assets on @CoinMarketCap
You'd think it was Bitcoin and Ethereum if you watched @SquawkCNBC @CNBC The truth will set traditional media free but don't hold your breath.— Digital Asset Investor.XRP (@digitalassetbuy) August 20, 2023
Members of the XRP community mostly sided with this view. X user Zach Rector claimed that XRP threatens the existence of the market bigwigs Bitcoin and Ethereum. According to him, the traditional media in the US act like XRP does not exist based on that.
Furthermore, Rector argued that the US media publish misinformation about XRP when mentioning the digital asset is inevitable.
Wall Street expert Linda Jones expressed a similar sentiment. Jones argued that the media owners are billionaire hedge funds controlling the narrative for business purposes. She sees a time XRP gets the coverage it deserves when it consistently remains the top performer.
The media is owned by billionaires and hedge funds that slant the news for their purposes, often leading the public in the wrong direction.
Soon, we will be used to #XRP consistently being the top performer. ??? https://t.co/IfAHBpd0KD— Linda P. Jones (@LindaPJones) August 20, 2023
Is XRP Truly the Best Performer Since Last Year?
Historical snapshots from CoinMarketCap corroborate the claim. As of August 2022, XRP traded at $0.3453 with a market cap of $17 billion. XRP now trades at $0.52 with a ten billion growth in market share.
This figure implies a 51.8% increase over the past year. Meanwhile, other leading cryptocurrencies in the market experienced negative growth rather than substantial positive increase.
Bitcoin and Ethereum had 20.89% and 3.29% growth for the same period. Below is the breakdown of the performance of the top ten cryptos based on their prices exactly a year ago.
The above image illustrated that BNB, Cardano (ADA), Solana (SOL), and Dogecoin (DOGE), saw a significant decline in value throughout the year.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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