Ripple (XRP) Drops Market Cap, Ranks 7th in the Crypto World

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Ripple (XRP) Drops Market Cap, Ranks 7th in the Crypto World


Alt­coin News
  • Rip­ple (XRP) has plum­met­ed by mar­ket cap, rank­ing as 7th cryp­to in the market.
  • Binance (BNB) Coin is now the 3rd largest after XRP dropped.
  • Teth­er, Solana, and Car­dano also fol­low BNB tight­ly in terms of ranking.

Despite its long stay among the top 3 cryp­tos in the mar­ket, Rip­ple (XRP) has dropped down dras­ti­cal­ly in mar­ket cap­i­tal­iza­tion, rank­ing now as the 7th biggest cryp­tocur­ren­cy in the world today. 

The XRP’s cur­rent ral­ly comes amid how sev­er­al oth­er cryp­to projects have updat­ed their mar­ket per­for­mance. At the moment, Binance Coin (BNB) is now sit­ting as the 3rd largest cryp­to by mar­ket cap right after XRP made a remark­able drop.

Next to BNB is Teth­er (USDT) as the 4th biggest cryp­to, with its price val­ue always equal to one dol­lar. It also has a thresh­old val­ue of over $74 bil­lion mar­ket cap­i­tal­iza­tion on Coingecko. Addi­tion­al­ly, fol­low­ing USDT is Solana (SOL) in the 5th posi­tion which is also giv­ing out an impres­sive per­for­mance like nev­er before.

Mean­while, start­ing this month, Solana’s price revamped to a new ATH of $259 but the asset is present­ly trad­ing at $194 in the mar­ket. More so, right after Solana is Car­dano (ADA) as the 6th cryp­tocur­ren­cy in the world by mar­ket cap.

Inter­est­ing­ly, since the gap between the above-men­tioned cryp­tos is not all that heavy, there is no secret that the cryp­tos are still liable to over­take them­selves any moment from now. With much sen­ti­ment, many attribute the cur­rent XRP drop to the nev­er-end­ing Rip­ple-SEC lawsuit.

Accord­ing to the report, XRP still has the chance to explode expo­nen­tial­ly in price if Rip­ple wins the case over the US SEC.

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