Ripple nets up to $18 billion and surpasses Cardano by market capitalization
Despite a questionable calm in the crypto market, CoinMarketCap’s top by market capitalization remains the site of a heated battle between Ripple (XRP) and Cardano (ADA) for the top spots.
At the end of May, Cardano surpassed Ripple by $2.3 billion in capitalization and ranked sixth at the top. Then, in a period of general panic and increasing capitulation, both projects lost their place, giving in to stablecoins. Now, by June 24, one of them not only managed to overtake his opponent, but also to reach a new high. Therefore, Ripple climbed to the sixth position at the top with a capitalization of $18 billion, surpassing Cardano by a billion dollars.
Curiously, at the end of May, both companies had several billion more in capitalization, and Ripple’s current position is largely due to today’s impressive 13% increase in the price of XRP, which is twice the price of Cardano. Is. (ADA). Well, at least the development has happened, and thanks for that.
The battle for the top of the market cap continues
The battle between Cardano and Ripple is certainly not over. Both projects are waiting for a breakthrough on their way and have a few aces up their sleeves which, given the right conditions, will help them not only consolidate their sixth-eighth position at the top, but also possibly go ahead with the sweet fifth. will be taken to the place. The location of Binance Coin (BNB), one of the largest crypto exchanges in the world and a very popular blockchain network, symbolizes the power of the BNB Beacon Chain.
As things stand, Ripple fans and builders are keenly monitoring the US SEC’s ongoing case against the company, which, according to the latest news, is nearing completion. Cardano Vasil, on the other hand, is actively working on the hard fork event, which should take the blockchain to the next stage of development. We will continue to follow this multi-billion dollar race with great interest.