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XRP Surpasses USDT in Capitalization and Takes Third Place in the Ranking

XRP Surpasses USDT in Capitalization and Takes Third Place in the Ranking

HappyCoinNewsHappyCoinNews2024/12/02 13:00
By:HappyCoinNews

Token XRP continues to climb towards its all-time high of $3,4 set on January 7, 2018. Having risen to $2 on December 2,45, the crypto asset overtook USDT in market capitalization and took the third position in the overall cryptocurrency ranking by this indicator.

On the morning of December 2 XRP gained 27,3% to reach a daily high of $2,45. The market cap is now XRP is approaching $138,5 billion, while USDT has a value of $133 billion.

Recently XRP beat The Block's GMCI 30 Index, which tracks the top 30 cryptocurrency tokens in the market, which has gained 24% in the past 1,30 hours. The index has gained more than 64% in the past month, helped by Trump's victory in the U.S. presidential election.

Probably the price XRP also reacts to SEC Chairman Gary Gensler's resignation following Trump's inauguration. In addition, Ripple and the SEC are continuing a legal battle that began in 2020, in which XRP was considered an unregistered security. Rumor has it that the case will soon be resolved in favor of the blockchain company.

Investors are also keeping an eye on the potential launch of exchange-traded funds XRP , especially considering that some organizations have already expressed a desire to submit corresponding purchases.

EN @happycoinnews
EN @happycoinnews_en
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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