XRP Since 2018, the price has not been this high. Both the trading volume on the XRP Ledger and the meme coin’s prices are surging higher.
The Ripple linked XRP outperformed all other major cryptoassets in the past week. It gained 28% and rose to third place in terms of market capitalization. This coin rose to a record high of $2.99 – a seven year high for this coin – but has now dropped down to $2.95.
This move is amidst heightened tensions rising optimism XRP ETFs could pull together a lot of money. “billions” According to analysts, there are millions of dollars worth of investment.
ARMY is the leader in meme coins, with a market capitalization of $107,000,000 after a 30% increase over the past 24 hours. This token is a reference to “XRP Army,” Nods to Dedicated supporters The XRP token is a digital currency.
Two other meme coins—PHNIX and LIHUA—have garnered nearly $1 million in secondary trading volumes during the last 24 hours as they climbed to $45.6 million and $35.4 million market caps, respectively.
The meme coin move on the XRP Ledger continues a trend which exploded early in December, when the The network breaks records Account activation and transaction.
After the initial boom, however, many meme coins have completely retraced all of their gains. As an example, the market capitalization of leader ARMY dropped from $100 million on December 1, to just $20 million a few days later.
CoinGecko says that the price of XRP, a meme coin, has risen by 12% since its high point.
Ledger XRP became cheaper to use in early December around the time of the first meme coin spike, when validators agreed to reduce the reserve price—or the price required to maintain an account on the ledger—by 90%.
The creation of launchpads for tokens such as Pump.fun. They are highly volatile and can be just as prone to crash as to produce sky-high gains.
Andrew Hayward is the editor