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Shiba In Surpasses XRP in Market Capitalization: Find Out Why

Gaurav Roy by Gaurav Roy
October 29, 2021
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Shiba Inu (SHIB) surpassed Ripple (XRP) in market capitalization. Shiba Inu managed to bring its stock price to beyond $50 billion, surpassing XRPs position in market capitalization.

On the other hand, XRP’s market capitalization significantly decreased since its overall April 2017 high. From the market cap of $88.33 billion, it decreased to $46.87 billion, a 47% decline throughout the years. 

Many investors were hoping for a turnaround during 2021 because of Ripple’s rapid expansion worldwide. Because of an acceptable start at the beginning of the year, traders hoped Ripple would surpass Bitcoin by $6.57, at least a 164% increase from its position in January.

Shiba However, as more subsequent events unfolded to Ripple’s demise, the reality of this goal dwindled further. 

On the other hand, many traders also believe that XRPs market capitalization can still work to increase the cryptocurrency’s price. Currently, there are over 38,739,144,847 digital coins in circulation. 

Because of the significant number of circulating coins, XRP can lower its price without jeopardizing its market cap. On the other hand, larger market capitalization coins like Bitcoin only have 16,789,425 coins in circulation. 

This reality increases the chances of XRP surpassing Bitcoin in the future too. However, this possibility might not be as realistic as people perceive it to be. 

Ripple’s participation with other financial institutions could also decrease its likelihood of achieving its desired market capitalization. Since cryptocurrency is decentralized, partnering with other financial firms removes the primary of digital currencies.

gaurav roy xrp news | XRP & Ripple News
Gaurav Roy
Tags: XRP lawsuitXRP market cap predictionXRP market capitalization chartxrp news
Gaurav Roy

Gaurav Roy

Gaurav is an expert when it comes to Cryptocurrency, writing for some of the biggest Cryptocurrency websites out there.

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XRP News – Keeping You Up To Date With All Things XRP & Ripple

In the rapidly evolving world of digital finance, XRP stands out as a pioneering force, reshaping the landscape of cryptocurrency and blockchain technology. As a core product of Ripple Labs, XRP is not just a digital currency; it’s a breakthrough in how we perceive and engage with global financial transactions. This article delves into the essence of XRP, exploring its distinctive features and the reasons behind its growing popularity.

Unmatched Transaction Speed

One of the most compelling attributes of XRP is its unparalleled transaction speed. In a world where traditional banking can take days to process cross-border payments, XRP offers a stark contrast with its ability to settle transactions in mere seconds. This efficiency is a game-changer for both individuals and businesses, ensuring that funds are transferred quickly and seamlessly around the globe.

Low Transaction Costs

Another significant advantage of XRP is its incredibly low transaction fees. Compared to other major cryptocurrencies and traditional banking methods, XRP stands out for its cost-effectiveness. This feature makes it an attractive option for micropayments and regular international transfers, offering a more affordable solution for everyday transactions.

Scalability and Sustainability

Scalability is a critical factor in the cryptocurrency world, and XRP excels in this aspect. Designed to handle a large volume of transactions without compromising speed or cost, XRP is well-equipped to meet the demands of a growing digital economy. Additionally, its consensus protocol is less energy-intensive than the traditional proof-of-work used by many cryptocurrencies, making XRP a more environmentally sustainable choice.

Broadening Financial Access

XRP is not just a tool for efficient transactions; it’s a catalyst for financial inclusion. By simplifying and reducing the cost of cross-border payments, XRP has the potential to open up global markets to individuals and businesses who previously found these transactions prohibitively expensive or complex. This democratization of financial services is a cornerstone of XRP’s vision.

The Ripple Effect

Ripple Labs, the company behind XRP, is continually expanding its partnerships with financial institutions worldwide. These collaborations are not only a testament to the reliability and practicality of XRP but also a driver for its adoption in mainstream finance. As more banks and payment providers integrate XRP into their systems, its impact and relevance continue to grow.

A Community of Innovators

The XRP community is a vibrant and dynamic force, comprising developers, entrepreneurs, and enthusiasts. This community is at the forefront of exploring new use cases for XRP, pushing the boundaries of what’s possible in the realms of digital payments and blockchain technology.

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