$XRP -based memecoins stand out as remarkable increases in cryptocurrencies. The ARMY token, produced with the slogan "XRP Army" offered by Ripple, experienced a 30 percent increase on Tuesday, November 3. According to Dexscreener systems, #ARMY 's market value increased from $ 1 million to 90 million in a week. The popular token later faced a sharp decline.
Another memecoin, which can be used for a price target of 589 on the Ripple exchange, recorded an increase of more than 100 percent during the week.
The token's market value briefly exceeded $ 8 million. These memecoins, which were launched a few weeks ago, are spreading rapidly on the XRPL (XRP Ledger). The newly emerged RIPPY token attracted attention with an increase of 22,825 percent after its launch.
Could Ripple Compete with Solana?
Solana currently leads the memecoin market with a market cap of over $21 billion. The increased activity on Solana has pushed transaction fees higher, allowing it to generate 78 million transaction fees last week, surpassing Ethereum. However, this raises concerns about its long-term scalability and potential congestion risk.
As XRP-based memecoins gain momentum, XRPL could emerge as a major contender to host regulated tokens.
Improved cryptocurrency regulation in the US could help Rippleâs run-in with the SEC. Rippleâs stablecoin, which is expected to be approved this week, is also an important development in the ecosystemâs growth.
#XRPReclaimsTop3 #XRPTrends #binance
