Ripple is flipped … a second time
The new order under large-cap altcoins comes as a new “altseason” hits the market, with the targets chosen by investors significantly different from the previous ones in early 2018.
In the case of XRP, the losses could have been worse. The token was trading at $ 0.46 at the time of writing, previously it was trading at $ 0.16 due to legal troubles with major shareholder Ripple.
While these issues remain unresolved and US regulators may still classify XRP as an unregistered security, it has nevertheless improved in recent weeks.
However, with its impressive gains in 2021, Polkadot proved that one of the oldest altcoins on the market was no match for it. DOT / USD is up over 40% in the past week alone, after already flipping XRP for a short period of time in January.
Cardano is gearing up for the top 5
With that, XRP could soon be a thing of the past in the top five cryptocurrencies by market cap as contender Cardano (ADA) sets his sights on a side step.
As of Tuesday, XRP and ADA both had market caps in excess of $ 21 billion. At its peak, XRPs totaled more than $ 125 billion at a price of $ 3.84 per coin – 735% higher than today.
Despite the lack of progress from all-time highs, the altcoin’s infamous army of social media advocates continues to believe the good times are just around the corner.