{"id":606113,"date":"2024-12-02T09:03:39","date_gmt":"2024-12-02T09:03:39","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=606113"},"modified":"2024-12-02T09:03:39","modified_gmt":"2024-12-02T09:03:39","slug":"xrp-surges-28-to-become-worlds-third-largest-crypto-ahead-of-tether-usdt-solana","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/xrp-surges-28-to-become-worlds-third-largest-crypto-ahead-of-tether-usdt-solana","title":{"rendered":"XRP Surges 28% To Become World’s Third-Largest Crypto Ahead Of Tether (USDT), Solana"},"content":{"rendered":"

Ripple token XRP has surged past stablecoin Tether (USDT) and Solana (SOL) to become the third-largest crypto by market capitalization.<\/span><\/p>\n

XRP soared over 28% in the last 24 hours and 346% in the past month to trade at $2.42 as of 2:44 a.m. EST. <\/span><\/p>\n

The recent gain was a continuation of its bullish weekly momentum, and pushed the crypto’s market cap to above $138.4 billion. USDT’s market cap currently stands at around $134.22 billion, while SOL’s total valuation is $108.5 billion, according to CoinMarketCap.<\/span><\/p>\n

\"What<\/p>\n

Regulatory Expectations, RLUSD And ETF Filings Push XRP To Multi-Year High<\/span><\/h2>\n

XRP’s recent surge has pushed the altcoin’s price<\/a> to its highest point since April 2021. <\/span><\/p>\n

With Donald Trump entering the White House next month, investors anticipate a friendlier regulator environment for crypto with Gary Gensler stepping down as chair of the US Securities and Exchange Commission (SEC) next month. <\/span><\/p>\n

Ripple has been embroiled in a legal battle with the regulator regarding XRP’s security status.<\/span><\/p>\n

Adding to the bullish sentiment around the altcoin is the Nov. 1 filing by 21Shares to launch a spot <\/span>XRP<\/span><\/a> ETF. The steep rise in the crypto’s price also follows reports that the New York Department of Financial Services (NYDFS) will soon approve Ripple’s stablecoin, RLUSD.<\/span><\/p>\n

XRP Meme Coins Predicted To Be 100X Opportunities<\/span><\/h2>\n

Another factor that could be pushing XRP’s price up is the recent launch of meme coins on the XRP ledger. This year, Solana has been a popular breeding ground for these lighthearted tokens, with Pump.fun facilitating the creation of the bulk of the meme coins launched during the latest frenzy. <\/span><\/p>\n

\n

Unironically think coins on XRP are either a 100x from here <\/p>\n

or this is the pico top and everyone that does loses all their money<\/p>\n

If I had a small balance I'd take those odds over trading perps any day
I'm not in that business anymore though, I've become too old and lazy<\/p>\n

— DonAlt (@CryptoDonAlt) December 1, 2024<\/a><\/p><\/blockquote>\n