After rising 7% within the final seven days, XRP has surpassed stablecoins from Binance and Paxos, BUSD, to grow to be the sixth largest cryptocurrency by market capitalization. Now with a capitalization of $18.48 billion, XRP is $1.3 billion forward of its nearest competitor, however on the similar time it’s $20 billion behind Binance Coin (BNB) itself.

Extra coups at prime

Actually, XRP’s newest achievement shouldn’t be the final vital change within the prime 10 cryptocurrencies by market cap from CoinMarketCap. Different high-profile shake-ups on this rating embody Dogecoin’s (DOGE) overtaking of ADA, Cardano’s native token.

Even earlier than the FTX disaster, DOGE was persistently within the prime 10, when amid Elon Musk’s rise to energy on Twitter and additional turmoil on the crypto market, it absolutely entrenched itself within the prime 10. ADA, alternatively, has been actively competing with XRP over the previous yr for a spot nearer to the solar, always shifting between sixth and eighth locations.

Nevertheless, the drop in quotations in current days has pushed it to the underside 10 and given the result in DOGE.

In any other case, the highest 10, or slightly the highest 5, usually are not altering their look, and even the “newcomer” Polygon (MATIC) doesn’t appear shocking anymore, particularly contemplating the newest information from this venture.