XRP has had an extremely difficult run since 2017 and things have only turned worse. But somehow despite the poor performance compared to its peers, it has managed to hold onto a top five rank by market cap dating back as far as 2013.
However, the legal blow dealt by the United States Securities and Exchange Commission and the subsequent crypto exchange delistings, the Coin
‘ href=”https://www.newsbtc.com/dictionary/coin/”>coinhas staying power and will continue to do so.
In a very risky space, these coins are among the least risky. But scanning through snapshots taken of the top five throughout the history of crypto, even the cream of the crop changes often.
A historical snapshot of crypto in 2013 | Source: CoinMarketCap.com
XRP typically held a number three, but sometimes two or four slot depending on the tides at the time, and for the first time since 2013 is at risk of being booted – possibly for good.
XRP Could Fall Out Of Favor As Investors Continue To Flee
Related Reading | Here’s Why Despite SEC Charges, XRP Will Soar Again Someday
A newcomer, Polkadot, has now unseated XRP’s fourth rank due to the ripple-effect of the lawsuit against the token’s parent company. The SEC alleges that Ripple sold unregistered securities and XRP are the securities in reference.
Ripple's market cap is barely holding higher than Cardano | Source: CRYPTOCAP-XRP on TradingView.com
The asset saw a mass delisting in the United States, and now even the fifth place rank of XRP is on the ropes against Cardano (ADA).
Ripple has $12 billion of market cap remaining, while Cardano is creeping up right behind with $11 billion. How far could the cryptocurrency fall from grace?
Featured image from Pixabay, Charts from TradingView.com and CoinMarketCap.com