Cryptocurrency Market Cap Reaches $2 Trillion, XRP Price Targets $1

Cryptocurrency Market Cap Reaches $2 Trillion, XRP Price Targets $1

Ethereum, Binance Coin, and XRP have gained significant value in the last 24 hours.

The cryptocurrency economy reached a market cap of $2 trillion on Monday after the recent rally in altcoins. XRP remained the best-performing cryptocurrency among the top 10 after a jump of nearly 60% in the last 7 days.

According to the data published by Coinmarketcap, the total value of digital currencies touched $2 trillion on 5 April, its highest level on record. XRP crossed $0.93 during the latest rally, the highest level since May 2018.

As of writing, the overall market cap of cryptocurrency assets stands at around $1.98 trillion. Bitcoin, the world’s largest cryptocurrency, has a market cap of more than $1.1 trillion. XRP became the 6th most valuable cryptocurrency in the world after the digital asset reached a market value of $40 billion, more than Cardano, Uniswap, and Litecoin.

Finance Magnates reported yesterday about the recent dip in Bitcoin’s market dominance. BTC’s share of the overall cryptocurrency market dropped below 56% after the latest rally in altcoins.

Ethereum, XRP, and Binance Coin

Ethereum, the world’s second-largest digital currency, touched an all-time high of $2,150 yesterday after a significant surge in retail and institutional demand. Grayscale, a leading digital asset manager, also highlighted the growing institutional interest in Ethereum-related investment products recently. The asset manager currently has more than 3.1 million Ethereum under management with a total value of more than $6.5 billion. The world’s 6th largest cryptocurrency XRP is on the rise since the start of last week, the digital currency jumped from $0.55 to $0.93 within the last 7 days. As of writing, the XRP price is trading near $0.88 as the cryptocurrency is targeting the next milestone of $1.

Binance Coin recently crossed the market cap of $50 billion after the digital currency jumped nearly 25% within the last week. As of writing, BNB is trading near an all-time high of $390 with a market cap of more than $58 billion. The world’s top 6 cryptocurrency assets include Bitcoin, Ethereum, BNB, Tether, Polkadot, and XRP.

Original Source :

Want to receive the latest stock and cryptocurrency news and investing ideas that can help you make money ?! Subscribe to our newsletter. Enter your email below and hit the subscribe button.

Load WordPress Sites in as fast as 37ms!
Previous articleXRP User Files Lawsuit Against Nexo for $5M in Liquidations
Next article“Rich Dad Poor Dad” Author Predicts That Bitcoin Could Hit $1.2 Million