The 4th largest cryptocurrency in the world now has a market cap of nearly $ 75 billion.
XRP is up more than 40% in the past seven days as the world’s 4th largest digital currency accelerated in value. The cryptocurrency is currently trading above $ 1.6 with a market cap of over $ 74 billion.
According to Coinmarketcap, XRP’s market capitalization has grown significantly over the past few weeks. XRP now owns almost 3.2% of the total market capitalization of digital currencies. Bitcoin remained the most dominant cryptocurrency with a market dominance of around 47.7%. Ethereum’s market share is currently around 15.7%, followed by Binance Coin (BNB) with 4.1%.
XRP price has risen more than 500% since the beginning of the year. The cryptocurrency traded at around $ 0.23 on January 1, 2021. In April, price increases accelerated, with the digital currency climbing from $ 0.57 to $ 1.95, the highest level in the past 3 years.
Large XRP Transactions
Whale warning noted significant XRP deals over the weekend, mainly due to Ripple Escrow Wallet… Over the past three days, there have been reports of over $ 1 billion in cryptocurrency transfers. Moreover, Whale warning announced the transfer of 7 million XRP coins from a digital wallet to the Huobi cryptocurrency exchange. Finance Magnates previously reported on the transfer of 15 million XRP from the crypto.com digital exchange to an unknown wallet.
The total difference between XRP’s market cap and Binance Coin (BNB) is currently around $ 20 billion. Overall, the market capitalization of digital currencies hit $ 2.27 trillion on Monday, the highest ever.