The top 10 cryptocurrency rankings have changed. XRP and SOL rise

According to an article from Coin68, the top 10 cryptocurrency rankings have changed significantly. XRP and Solana (SOL) have surpassed Tether (USDT) and Binance Coin (BNB), taking the 3rd and 5th positions. XRP has surpassed USDT to reach the 3rd position with a market value of 138.98 billion USD, while Solana has surpassed BNB to reach 5th place with a market value of 103.9 billion USD. This change reflects the constant volatility of the cryptocurrency market, influenced by many factors such as legal regulations and technological developments.

Reasons for change

Solana's strong growth is driven by a significant increase in network activities and investor confidence in its DeFi ecosystem. Meanwhile, the decline in the value of USDT, by about $1.6 billion, after the European Union announced the MiCA regulation to increase control over stablecoins, also contributed to this change. Another article shows that the trend of capital flows is shifting from Bitcoin to altcoins, facilitating the growth of these coins.