XRP is about to lose competition with Polkadot!

XRP briefly lost its place among the top three altcoins following the rise of Polkadot (DOT) on February 9.

Cointelegraph Markets and CoinMarketCap data reveal that XRP is currently trying to hold on to the fourth largest cryptocurrency and may soon lose its place among the top five cryptocurrencies.

XRP lost its position again

With the start of a new altcoin season in the market, the ranking among the largest altcoins has changed again. Investors are targeting different cryptocurrencies this time from 2018.

Bitcoin Cash (BCH) has lost its place among the top 10 cryptocurrencies this week due to the huge rise of Stellar (XLM) and Dogecoin (DOGE).

In the case of XRP, the loss could be much greater. XRP, which was traded at $ 0.45 as of the time of translation release, had dropped to $ 0.16 in recent months due to the lawsuit against Ripple.

Although the lawsuit filed by the SEC for the unregistered sale of securities to the company continues, the performance of the coin has improved in recent weeks, especially thanks to Reddit investors.

Polkadot, one of the oldest altcoins in the market, showing an impressive increase in 2021, has grown 40 percent in the last week alone and replaced XRP for a short time.

1-week candlestick chart (Bitstamp) of the XRP / USD pair. Source: TradingView

Check Also

Investing in Dogecoin (DOGE) Is Worse Than Gambling • Coinexc

Investor Kevin O’Leary has warned investors of the potential risks of investing in a cryptocurrency …

Leave a Reply

Your email address will not be published. Required fields are marked *