Listen to article Tether has overtaken XRP to become the third largest cryptocurrency by market capitalization, as Ripple fails to gain adoption amongst retail investors.
As for Ripple, it's been a race to the bottom, its market cap has collapsed from a high around $130 billion in January 2018 to the current one under $9 billion.
At one point XRP was jockeying for the number two position with Ether currently, the combined market cap of XRP and USDT is still $5 billion behind Ether.
Perhaps part of the problem for XRP is a lack of traction with retail investors.
In terms of daily trading volume, USDT dwarfs XRP. USDT's average daily volume in May has outpaced XRP's by a factor of 25.
This doesn't mean that the race for third place is over.
With a decent bull run, XRP could blow past its stablecoin rival, which cannot move up or down by more than a few percentage points.
Tether Unseats XRP As Third-Largest Crypto, Dwarfing Its Volume 25:1
에 게시 됨 May 25, 2020
by Cointele | 에 게시 됨 Coinage
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