XRP might end up losing its position as a top cryptocurrency after Polkadot usurps it- with a much better market cap. The cryptocurrency lost its position on the 9th of February after Polkadot shook them up in a fluctuating market week. Cointelegraph Markets allude that it might be on the verge of moving out of the rankings- as they are holding on to the 5th position on a string.
Ripple XRP gets flippled… a second time
Most of the investors’ targets have been considerably different from what it was in 2018. And this is a result of a complete upheaval of order among the larger altcoins- with the presence of a newer ‘altseason’ market. Ripple isn’t just the only victim to this- Bitcoin Cash has ended up losing its place among the top ten cryptocurrencies owing to the stellar rise of Dogecoin and XLM the particular week.
The XRP situation could be much worse in the coming months. Currently, the company trades at $0.46- but it did go as low as $0.16. And this situation couples with the legal troubles that Ripple is currently facing. Nonetheless, no one can denounce XRP so soon, since the fortunes of this cryptocurrency have improved quite a lot. It goes without saying that things will get tough for the currency, as the SEC in the USA might still be moving towards Ripple as an unregistered security.
On the other hand, Polkadot’s impressive gains in the first two months of 2021 have simply brought to light the fact that old alt currencies remain no match to the newer cryptocurrencies. As of the previous week, the value of DOT has already increased by about 40%- which seems to be flipping XRP for yet another time this year.
Cardano lines up for top 5 shot- Troubles Increasing For XRP
Along with Polkadot, Cardano seems to be yet another cryptocurrency that is vying for the position of XRP.
Soon, Ripple might not be the top 5 cryptocurrencies of the world, as newer and better currencies come to the forefront.
