The post XRPL Meme Coins Like ARMY and BEAR Are Exploding as XRP Price Soars 441% appeared first on Coinpedia Fintech News
What’s happening in the XRP market? An 89.5% growth in just one week? Unbelievable! But what if I say that something even more exciting is happening in the XRPL-based meme coin market. Excited to know more? Then, read on!
XRP’s Rise and Meme Coin Gains
Like I mentioned before, XRP has witnessed significant growth lately. In the last 30-days, with a surge of 441.5%, it has outperformed all the other top ten cryptocurrencies, triggering excitement among XRP enthusiasts.
At the time when the crypto world is discussing excitedly about the enviable performance of XRP, a totally unexpected trend has emerged in the XRPL-based meme coin market. The trend has truly left most meme coin enthusiasts speechless with excitement.
Some XRPL-based meme coins, including ARMY, BEAR and MAG, have shown impressive growth lately.
ARMY’s Spectacular Growth
Considering that the meme coin market has dropped by at least 4.2% in the last 24 hours, the general trend in the market appears ‘less bright’. However, the same is not the case when it comes to the XRPL-based meme coin market, implying that at this moment, this market is more tempted to follow the XRP trend than the general meme coin trend.
In the last 24 hours, ARMY, one of the most prominent XRPL-based meme coins, has seen a rise of 50.2% – far higher than Dogecoin’s -2.4%, Shiba Inu -0.1%, Pepe’s +0.2%, Bonk’s +0.2%, and dogwifhat’s 2.35. Indicating a notable growth in market activity in the ARMY market, ARMY has experienced an excellent surge in trading volume of at least 48%.
XRPL Meme Coins Gaining Momentum
ARMY is not the only exceptional player in the XRPL-based meme coin market. If it were, the trend could have been ignored as a one-time wonder.
The story of BEAR is not different. With a massive 30-day rise of 395.6%, it has expressed its solidarity with ARMY. Notably, in the last 14 days alone, the BEAR market has witnessed an increase of 224.4%.
There is no wonder about reports citing an increase in users moving from Solana and Etheruem to XRP Ledger.
Volume Comparison and Market Concerns
Can this be interpreted as XRPL taking over the meme coin market? Well, that sounds like an exaggeration. Data indicates there is still a long way to go for the XRPL market if they really want to become a market leader. The volume analysis is enough to reveal this reality. The daily trading volumes of the top meme coins like 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 Achievement
At this stage, it is important not to ignore the achievements the XRP market has recently made. The most important of which is its rise to the third-largest cryptocurrency by market cap, surpassing Tether. It seems that speculations regarding the launch of XRP ETFs and reports regarding improving regulatory clarity are offering the necessary optimism that the market needs to grow higher and higher.
