XRP Now Accounts for 3% of the Total Crypto Market Cap. The world's 4th biggest 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 valuable 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 actually gotten significant value during the last couple of weeks. XRP now has nearly 3.2% of the overall market cap of digital currencies. Bitcoin remained the most dominant cryptocurrency with a market dominance of around 47.7%. Ethereum's market dominance currently stands at around 15.7%, followed by Binance Coin (BNB) at 4.1%.
XRP price is now up by more than 500% considering that 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 increased from $0.57 to $1.95, the highest level in more than 3 years.
The overall market dominance of XRP has actually been on the increase considering that 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 significant jump in weekly institutional inflows throughout April as the digital asset drew in approximately $33 million in the second week of April.
Whale Alert highlighted big XRP deals over the weekend, generally from the Ripple Escrow Wallet. Crypto transfers worth more than $1 billion were reported throughout the last 3 days. Whale Alert also mentioned the movement of 7 million XRP coins from a digital wallet to cryptocurrency exchange Huobi. Finance Magnates previously reported about the transfer of 15 million XRP from digital exchange crypto.com to an unidentified wallet.
The total distinction in between the market cap of XRP and Binance Coin (BNB) currently stands at around $20 billion. In general, the market cap of digital currencies touched $2.27 trillion on Monday, the highest level on record. The world's biggest digital currency Bitcoin (BTC) currently has a market cap of more than $1.08 trillion.
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