XRP is Now The world's 4th Biggest Cryptocurrency

XRP Now Accounts for 3% of the Total Crypto Market Cap. The world's 4th biggest cryptocurrency now has a market cap of almost $75 billion, Finance Magnets reports.

XRP saw a dive of more than 40% in the last 7 days as the world's 4th most valuable digital currency accelerated its price recovery. The cryptocurrency is presently trading above $1.6 with a market cap of more than $74 billion.

According to Coinmarketcap, the XRP market cap has actually gained significant worth throughout the last few weeks. XRP now has nearly 3.2% of the total market cap of digital currencies.

XRP price is now up by more than 500% because the start of this year. The cryptocurrency was trading at around $0.23 on 1 January 2021. The price rally gathered momentum in April as the digital currency spiked from $0.57 to $1.95, the highest level in more than 3 years.

The overall market supremacy of XRP has been on the increase since the start of April. The most recent jump in Ethereum, BNB, and XRP is causing a sharp decline in Bitcoin's market supremacy. The cryptocurrency likewise reported a considerable jump in weekly institutional inflows throughout April as the digital possession drew in approximately $33 million in the 2nd week of April.

Whale Alert likewise pointed out the motion of 7 million XRP coins from a digital wallet to cryptocurrency exchange Huobi. Financing Magnates earlier reported about the transfer of 15 million XRP from digital exchange crypto.com to an unidentified wallet.

The total distinction between the market cap of XRP and Binance Coin (BNB) currently stands at around $20 billion. In general, the market cap of digital currencies touched $2.27 trillion on Monday, the highest level on record. The world's largest digital currency Bitcoin (BTC) presently has a market cap of more than $1.08 trillion.