XRP could slip out of the top five crypto for the first since 2013 as it had some hard time especially now with the SEC lawsuit as reported in our Ripple news.
Somehow, despite the poor performance compared to his peers, and managed to hold onto the top five ranks by market cap dating to 2013. However, the legal blow that was dealt by the US Securities and Exchange Commission as well as crypto exchanges delisting it which is why XRP could slip out of the top five cryptos, and here’s what other coins are likely to take its place.
The cryptocurrency is still evolving but new projects are regularly appearing and start dominating the space, only to fall into obscurity later. The best place for all investors to look beyond BTC is the top five cryptocurrencies by market cap. The higher you go up to the list, the more likely the coins have staying power and will continue to do so as long as the asset holds the positions.
In a risky space like this one, the coins are among the least risky but looking through snapshots that were taken of the top five over the history of crypto, the top coins are suffering changes as well. A handful of coins are maintaining up their notch in the upper ties of the crypto market share like ETH, XRP, LTC, and BTC but XRP was holding on to the number three positions but sometimes it shifted to the second or fourth space depending on the tides at that time. However now, for the first time since 2013, XRP is at risk of dropping even lower on the scale and this time for good.
XRP has long battled ETH for the second spot and as the crypto market grew, so did the need for stable coins so Tether was the one that jumped in. as a newcomer, Polkadot already unseated XRP’s rank because of the Ripple lawsuit that was served by the SEC. The SEC alleged that Ripple sold unregistered securities and XRP is a security in reference. The asset saw plenty of delistings in the United States and now hit the fifth-place rank of XRP is set against Cardano. Ripple has a $12 billion market cap remaining while ADA is following behind with $11 billion.
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