As a researcher with years of experience in the cryptocurrency market, I find it fascinating to witness the remarkable journey of XRP, especially under the guidance of David Schwartz and Brad Garlinghouse at Ripple. The coincidence of XRP’s rise to third place in the crypto market, just as Schwartz reaches his 12th year with the company, is a testament to their relentless dedication and vision.
David Schwartz, the CTO of Ripple, pointed out an interesting correlation; as he completed 12 years with the company, XRP rose to become the third-largest cryptocurrency.
On Sunday, the price of XRP experienced a remarkable surge, climbing over 28%. This push propelled the token to a fresh, multi-year peak of $2.48.
The digital currency associated with Ripple has moved up to the third spot in terms of market value, outranking the well-known stablecoin Tether (USDT) and the challenger to Ethereum, Solana (SOL).
After nearly slipping from the top 10 due to the SEC lawsuit against Ripple, it has successfully regained one of its highest positions once more.
As a researcher delving into the realm of digital currencies, I must acknowledge that while the debate surrounding the alternative cryptocurrency persists, it still lags significantly behind Ethereum (ETH) in terms of market capitalization. To be precise, Ethereum currently boasts a staggering market cap of $444 billion.
Currently boasting a market capitalization of approximately $139 billion, XRP outranks notable corporations like Citigroup, Airbus, and Sony in terms of size.
However, despite surging by more than 30% within 24 hours, it is not the best-performing cryptocurrency in the top 100. Hedera (HBAR) managed to outstrip it with an eye-watering 42% gain.
In recent times, traders have been expressing appreciation towards established altcoins as well. Specifically, EOS (EOS) and Litecoin (LTC) have seen an increase of approximately 20.5% and 20.2% respectively.
XRP has also lagged behind HBAR in terms of weekly gains (78% and 69%, respectively).
However, the Ripple-affiliated token has another major catalyst in the offing.
According to U.Today, Brad Garlinghouse, the CEO of Ripple, recently conducted an interview on a well-known American television program called “60 Minutes.
In a recent social media post, Garlinghouse confirmed that there is no official air date yet.
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2024-12-02 09:05