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After serving as one of the most disappointing performing crypto assets, now the Ripple token (XRP) is one of the most outstanding. The imminent total victory, if any, against the Securities and Exchange Commission (SEC) generated enormous optimism for this currency among investors.
Thus, during the last month, the price of the token has experienced a performance of no less than +267%. At the time of writing, data from CoinMarketCap shows that the exchange value of XRP is $1.91 per unit. Thus, it seems a matter of time before it overcomes the $2 dollar barrier and its investors are confident that 2025 will be a year of new highs.
It should be remembered that the ATH of XRP is almost $4 per coin. This means that there is still a long way to go for investors seeking profitability in this asset. Meanwhile, in the field of market capitalization, the coin also continues to grow as a consequence.
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Recently, Ripple’s XRP token surpassed the $100 billion barrier in valuation and is now approaching $110 billion. In simple words, it is rapidly advancing on its path to becoming the third largest Cryptocurrency in the world by capitalization (if stablecoins are excluded from the ranking).
Will Ripple token displace the mighty SOL?
The fact that XRP is approaching $110 billion in capitalization means that it will enter the global top 3. This is no small feat, as it would displace none other than SOL, the native token of the powerful Solana network. Currently, SOL has a market cap of $113 thousand and its growth rate is lower than that of XRP.
Ripple (XRP) market capitalization. Source: CoinMarketCap
As you can see, the growth of XRP capitalization (image above) is huge on the one-month chart. As of November 1, this mark was just $29.5 billion, which serves as a testimony to illustrate the gigantic momentum. Meanwhile, SOL’s market cap growth (image below), while also insanely fast, does not compete with XRP.
Market capitalization of Solana (SOL).
Over the past month, the native Solana token grew in price by 37.54%. This prominent coin also established new all-time highs before retracing back to the current price. As the picture paints, everything indicates that it is a matter of time before the Ripple token (XRP) leaves SOL behind. By next year 2025, the good news will be much greater, at least in theory.
On the other hand, not all optimistic forecasts should be taken as true, given that no asset can grow at this rate for long periods of time. This means that the currency would sooner or later face a correction that would lead to a partial collapse of its price.
Disclaimer: This work is for informational purposes only and should under no circumstances be taken as an invitation or investment advice. Cryptocurrencies are highly volatile assets and placing capital in them can lead to total losses.
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