The Power of XRP: Only Coin aside from Bitcoin to Maintain Top 3 Market Cap Dominance
- “XRP It is the ONLY coin aside from BTC that has maintained TOP 3 market cap dominance over the last 6 years”
- XRP can see its next bull run at the beginning of the second quarter of 2020
The third largest cryptocurrency by market cap of $17.3 billion has started seeing an upsurge just like Bitcoin and other altcoins. After struggling around $0.30 for a long time, XRP/USD first saw a small upwards movement when it went to $0.34 and then one of the biggest moves to $0.478.
However, it soon dropped and struggled below $0.40 and now it has yet again jumped following Bitcoin. Currently, XRP is trading at $0.41 with 24 hours greens of nearly 8 percent.
I believe once the news breaks, $XRP will go straight past $4
It will then keep moving to flip $BTC
The hysteria will be like a mania.
— ฿ITLORD 01 (@Crypto_Bitlord) May 14, 2019
According to crypto trader and analyst, Fusion, XRP can see its next bull run at the beginning of the second quarter of 2020, that is if it mirrors its first bear market that occurred between 2015 and 2017.
If #XRP mirrors its first bear market between 2015-2017, its next bull run could occur as late at April of 2020.
— Fusion Trading (@TradingFusion) May 27, 2019
Keeping Strong & Sturdy
However, what’s more, interesting than the price is the fact that since 2014, XRP has been maintaining its dominance among the top 3 cryptocurrencies. During these last 6 years, XRP did move a bit up and down but only these three or, to be exact two spots.
In 2014, XRP was at the 3rd spot and then in the following two years 2015 and 2016, it climbed one step up to 2nd position defeating Litecoin. In the following two years 2017 and 2018, XRP lost the 2nd position to Ethereum and continues to be at this rank except for a few takeovers here and there.
When pointing out this fact, crypto trader and investor, Credible Crypto stated,
“I find it hilarious how many people hate on XRP It is the ONLY coin aside from BTC that has maintained TOP 3 market cap dominance over the last 6 years.”
As we have reported a number of times, Ripple continues to grow and expand its reach to cover different corridors all over the world. The company has already secured more than 200 partners and further growing these numbers at a fast pace.
In the meantime, Ripple CEO Brad Garlinghouse says banks need to embrace cryptocurrencies as well and not just their underlying technology.
“I don’t think banks… governments will go away. Banks are applying a very important regulatory framework that I actually think is important for society. I personally believe that banks will continue to serve that role, they’re good at it… I think this is a new set of technologies that they can benefit from to grow their business,”
In a separate event, Coil founder Stefan Thomas, the former Ripple CTO and creator of InterLedger (ILP) Protocol is holding an ask-me-anything (AMA) session on May 30 to be hosted on Reddit. Recently, Mozilla’s senior developer David Walsh revealed that Coil, that makes use of ILP and XRP to monetize creators, is being tested for monetization.