| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107323.6000000000 |
| ETH | $2490.9970000000 |
| BNB | $657.8715500000 |
| XRP | $2.2414090000 |
| ADA | $0.5721144000 |
| SOL | $154.4063000000 |
| DOGE | $N/A |
| DOT | $3.3996900000 |
| LTC | $86.1663000000 |
| LINK | $13.3617100000 |
Category: CRYPTO NEWS
The post Here’s XRP Price if XRP Reclaims Only Half of Its Peak Market Dominance appeared on BitcoinEthereumNews.com. The XRP price could soar to a new all-time high if XRP reclaimed just half of its peak market dominance at the current position of the global crypto market. The cryptocurrency market has grown over the years, rising from just $4.28 billion a decade ago to the current size of $3.28 trillion. This indicates that the broader crypto market has grown by 76,528% over the last ten years, and most of the assets within the market have grown proportionally. XRP Has Not Grown Proportionally with the Broader Market However, not all the assets have grown as well as they should, especially considering their positions years back. One such crypto asset is XRP, which has been set back several years by regulatory issues that triggered a wave of delistings in the U.S., the largest destination for crypto investments. Notably, a look back at historical data shows that XRP commanded its peak market dominance in May 2017, during the impressive price rally at the time. Specifically, by May 17, 2017, XRP’s market cap soared to $15.28 billion. This represented a market dominance of 31.33%, considering the broader crypto market cap stood at $48.78 billion at the time. XRP Peak Market Dominance On May 17, 2017, Bitcoin had a market cap of around $29 billion, representing a market dominance of 59.45%. Since then, Bitcoin has only grown alongside the broader market, while XRP has not observed a similar growth. Bitcoin’s market cap now stands at $2.132 trillion, a 7,251% increase since May 2017. Meanwhile, XRP currently has a market cap of $128.8 billion, marking an increase of just 743% from the May 2017 figures. As a result, while Bitcoin’s market dominance has increased to 65.75% at press time, XRP’s dominance is now 3.96%, a massive crash from the 31.33% peak in May 2017.…
2025-06-29T03:41:49+00:00