XRP, Ripple's native token, has returned to the top 100 global assets, achieving a market cap of $185 billion. Meanwhile, Bitcoin faces competition from silver.
XRP Back in the Top 100
After a brief hiatus, XRP has returned to the list of top 100 assets with a market cap of approximately $185 billion. As reported by *CryptoPotato* on August 23, XRP held the 99th position in the CompaniesMarketCap ranking. Subsequently, the token's price fluctuated significantly, dropping from $3.02 to a low of $2.70. However, amid the overall market recovery, XRP surged by 10%, reaching its current price of $3.10.
Bitcoin vs Silver
Bitcoin, being the largest asset, once held top positions but has lost some ground, yielding to silver, which has a market cap of $2.4 trillion. Consequently, Bitcoin, with a market cap of just over $2.3 trillion, occupies the 8th place among global assets. Gold remains the undisputed leader with a nearly $25 trillion market cap.
State of Other Cryptocurrencies
Following its recent rise, Ethereum has climbed to the 22nd place on the asset list, slightly above Mastercard and Netflix, while being behind Visa and Tencent. XRP has also surpassed major companies like Citigroup, Xiaomi, and Airbus, and is eyeing the next level where Verizon and Uber are positioned.
XRP's resurgence amid the overall growth of the cryptocurrency market showcases the resilience of this asset. Bitcoin continues to compete with traditional assets like silver, indicating a continuing shift in the financial landscape.
