The whole cryptocurrency market is once again going crazy, and amid this ongoing bullish craze in the market, an interesting thing has happened. XRP, the native cryptocurrency of Ripple, has been kicked out of the list of the world’s top five digital assets. XRP lost its grip over its fourth-spot when it was outshined by Cardano’s ADA.
XRP Is No More A Part Of Top 5
In case you have missed it, let me tell you, Ripple’s XRP is no more a part of the world’s top five digital assets. It is now standing on the sixth spot as it has been outshined by Cardano’s native digital token ADA ($21.3 billion) and Polkadot’s native governance token DOT ($20.7 billion).
It is the first time in the past seven years that XRP has lost its place in the list of top five cryptocurrencies. The last time when XRP had to face this situation was in the year 2014.
XRP has been pushed down to the sixth spot despite trading in the bullish zone. At the time of writing, the price value of XRP is revolving around $0.44, with an increase of 8.46 percent in the last twenty-four hours. Moreover, the coin’s price is trading positively on a weekly time frame too. The market cap of XRP is also increasing up by 3.59% over the last day and is holding at $20,174,928,197. Despite this bullishness, the digital remittance coin has lost its fourth and fifth spots, respectively.
It is only $400 million away from the fifth rank, which is in the custody of Polkadot’s DOT token. XRP is likely to try retaining its place in the coming days. It may happen sooner than later as the coin’s price value is in the bullish mood and also has pulled away all of the bearish sentiment that took hold of it due to the lawsuit from the Securities and Exchange Commission (SEC).
On the other hand, the world’s biggest digital asset, Bitcoin, is successfully ruling the entire cryptocurrency market. BTC has made another new all-time high-value today by climbing above the mark of $43k. Tesla is the main factor behind the current rally of BTC. It is the latest company to invest in the pioneering cryptocurrency.
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