The Rise of XRP and the Returns of Meme Coins
As I mentioned earlier, XRP has recently experienced significant growth. In the past 30 days, it has surged by 441.5%, surpassing all other top ten cryptocurrencies, igniting excitement among XRP enthusiasts.
Just as the cryptocurrency world is excited about XRP's enviable performance, the XRPL-based meme coin market has shown an entirely unexpected trend. This trend has left most meme coin enthusiasts speechless with excitement.
Some meme coins based on XRPL, including ARMY, BEAR, and MAG, have recently shown remarkable growth.
The Amazing Growth of ARMY
Considering that the meme coin market has dropped at least 4.2% in the past 24 hours, the overall market trend seems 'less bright.' However, this is not the case for the XRPL-based meme coin market, which indicates that currently, this market is more inclined to follow XRP's trend rather than the general meme coin trend.
In the past 24 hours, ARMY (one of the most well-known XRPL-based meme coins) has risen by 50.2%, far exceeding Dogecoin's -2.4%, Shiba Inu's -0.1%, Pepe's +0.2%, Bonk's +0.2%, and dogwifhat's 2.35. ARMY's trading volume surged by at least 48%, indicating a significant increase in market activity for ARMY.
Strong Momentum for XRPL Meme Coins
ARMY is not the only standout participant in the XRPL meme coin market. If it were, this trend might be overlooked as a fleeting miracle.
The story of BEAR is no exception. In 30 days, BEAR's stock price has risen by 395.6%, expressing its solidarity with ARMY. Notably, the BEAR market has risen by 224.4% in just the past 14 days.
Reports indicate an increase in users migrating from Solana and Ethereum to the XRP Ledger, which is not surprising.
Volume Comparisons and Market Focus
Can this be interpreted as XRPL taking over the meme coin market? Well, that sounds a bit exaggerated. Data shows that if XRPL truly wants to become a market leader, it still has a long way to go. Volume analysis is enough to reveal this reality. The daily trading volumes of top meme coins such as Dogecoin ($11,929,910,703), Shiba Inu ($3,149,361,501), Pepe ($4,666,566,941), and Bonk ($754,672,721) are far higher than ARMY's $74,388.56 and BEAR's $2,085,276.
XRP's Market Achievements
At this stage, it is important not to overlook the recent achievements of the XRP market. Most notably, it has surpassed Tether to become the third-largest cryptocurrency by market cap. Speculation about the launch of an XRP ETF and reports of improved regulatory transparency seem to provide the necessary optimism that the market needs for increasingly high growth.