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 healing. 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 gained substantial value during the last few weeks. XRP now has almost 3.2% of the overall market cap of digital currencies. Bitcoin stayed 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% since 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 surged from $0.57 to $1.95, the highest level in more than 3 years.
The overall market supremacy of XRP has actually been on the increase because the start of April. The most recent jump in Ethereum, BNB, and XRP is triggering a sharp decrease in Bitcoin's market supremacy. The cryptocurrency also reported a substantial jump in weekly institutional inflows during April as the digital property drew in roughly $33 million in the 2nd week of April.
Whale Alert highlighted large 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 pointed out the movement of 7 million XRP coins from a digital wallet to cryptocurrency exchange Huobi. Financing Magnates earlier reported about the transfer of 15 million XRP from digital exchange crypto.com to an unknown wallet.
The overall distinction in between the marketplace cap of XRP and Binance Coin (BNB) currently 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) presently has a market cap of more than $1.08 trillion.
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