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Ripple's XRP cryptocurrency continues its impressive rally, recently surpassing Tether (USDT) in reported market capitalization to become the third-largest cryptocurrency, behind Bitcoin (BTC) and Ethereum (ETH). XRP Flips USDT As Crypto Market Cap Shoots Past $3.
XRP recently overtook Tether (USDT) in market capitalization, becoming the third-largest cryptocurrency, behind Bitcoin and Ethereum.
Ethereum pared some of its gains after a minor sell-off. It hit a high of $3,762 yesterday and is currently trading at around $3,595.
The price of XRP has exploded by 18% in the past 24 hours, as traders continue to buy it up in the wake of Gary Gensler's resignation as SEC Chairman. The post XRP Overtakes Solana and Tether as Market Cap Reaches $139 Billion – Can XRP Hit $100 Next? appeared first on Cryptonews.
Will XRP rally extend as whales position themselves for profit-taking?
XRP has propelled itself to the third-largest cryptocurrency by market capitalization, surpassing Solana (SOL) and Tether (USDT). On Monday, December 2, the Ripple-backed cryptocurrency surged more than 25% in just 24 hours, reaching $2.4 per token, with its market cap crossing $140 billion.
TL;DR XRP has surged by 20% in the last 24 hours, positioning itself to potentially surpass Tether (USDT) as the world's third-largest cryptocurrency by market capitalization. The surge is driven by factors such as SEC Chair Gary Gensler's resignation and the anticipation of Ripple's new stablecoin, RLUSD.
The rise of XRP to a $140B altcoin is heavily influenced by the US political shift and notable development of the XRPL network.
It has jumped to the third spot among cryptocurrencies, leaving Tether's USDT in the dust. At the time of writing, the marketcap of XRP has soared to $141.8 billion, overtaking USDT's $134.5 billion.
XRP continued its barnstorming price rally on Sunday, rocketing by around 30%. According to CoinGecko data, the coin has reached a new multi-year high of $2.48.
Despite its recent gains, XRP is still down by over 26% from its peak of $3.4 in January 2018.
The crypto market is abuzz after witnessing a seismic shift. XRP, the powering token for the Ripple ecosystem, surged past the $2 mark, cementing its position as the third-largest cryptocurrency by market capitalization.
XRP, a cryptocurrency launched by Ripple Labs Inc, has grown significantly in the past 7 days. These surges have brought the market cap to the third biggest after Bitcoin and Ethereum.
XRP surged 30% on Monday, overtaking USDT to become the third-largest cryptocurrency amid a multiweek rally driven by recent catalysts. The post XRP Surges Past USDT to Become Third Largest Crypto by Market Cap appeared first on Cryptonews.
In a surprising twist of events, Ripple Labs-backed XRP has overtaken Solana (SOL) and Tether USDT on the same day to become the third largest cryptocurrency by market capitalization. The large-cap altcoin surged over 25 percent in the last 24 hours to trade about $2.4 on Monday, December 2, during the early Asian session.
Tether, the world's largest stablecoin issuer, has made a significant move in the cryptocurrency market by minting an additional $1 billion USDT on the Ethereum blockchain. This latest minting brings the total amount of USDT minted by Tether in November to an impressive $16 billion, highlighting an ongoing surge in demand for stablecoins amidst the current volatile market conditions.
XRP's surge highlights shifting regulatory dynamics and growing institutional interest, potentially reshaping the crypto market landscape. The post Ripple's market cap hits record high of $140B, flips Tether and Solana to become third most valuable crypto asset appeared first on Crypto Briefing.
Ripple's XRP market cap surged to a seven-year high, surpassing Tether (USDT) with a of over $135 billion, fueled by a strong rally starting November 10.
XRP, which is largely associated with Ripple Labs, has a market cap of $141.8 billion, surpassing USDT's $134.5 billion.
XRP could be in the midst of a “leverage-driven” pump as the price of the asset soars to reach new yearly highs.
XRP is up more than 71% on the week to $2.47 and a further 367% over the last 30 days, bolstered by changing political winds.
Data from Lookonchain revealed on November 29 that Tether added another 1B USDT to its inventory. The stablecoin issuer had just minted another 3B USDT last Sunday.
Major crypto companies Tether and Coinbase are reducing their stablecoin services in Europe as the December 30 deadline approaches for compliance with new EU regulations that ban stablecoin interest and require stricter operational standards.
Tether's decision to discontinue EURT and prioritize USDQ and EURQ highlights the company's forward-looking approach. Tether is Phasing out EURT Tether has decided to pull the plug on its Euro-pegged stablecoin, EURT. According to Tether's announcement, holders of EURT will have until Nov.
