-XRP has overtaken BNB to become the 11th largest cryptocurrency by market capitalization after growing 298% in 5 months - The Daily Hodl
XRP cross-border payment solution has become the first largest #cryptocurrency by market capitalization after growing nearly 300% in just 5 months.
data from CoinMarketCap shows that XRP's market value is currently around $91.100 billion, well above BNB's valuation of $9944 billion 2200 million.
#BNB , a native asset in the Binance ecosystem, was the 4th largest crypto-asset at the beginning of last month, while #XRP was in 7th place. However, the XRP exchange rate soared to ¥11.1 from ¥0.491 at 11:30 a. m. to ¥1.957 in just 30 days, showing a staggering 298% growth.
the XRP exchange rate is now approaching Solana (SOL). The tier-one altcoin's competitors and Etherium (ETH) are now the fourth-largest crypto-assets, valued at $113.416 billion.
About 6 years ago, XRP was the second-largest cryptocurrency by market capitalization, behind only bitcoin (BTC). However, after the U. S. Securities and Exchange Commission (SEC) sued Ripple in 2020-2012, the company said it had been selling XRP as an unregistered security for years, and the altcoin's business went into decline.
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