JAKARTA - The impressive increase in XRP prices in recent days has made it back to the position of the three largest crypto assets by market cap. For the second time, XRP managed to overtake the USDT stablecoin market which is worth IDR 2,189 trillion. Meanwhile, on December 8, 2024, data from CoinMarketCap shows that XRP's market capitalization is worth IDR 2,315 trillion.
Within a month, the price of XRP jumped to five times, which boosted the market capitalization of this token from 30 billion US dollars (Rp475.5 trillion) to US$143 billion (Rp2,267.55 trillion). Currently, XRP is in third place as the largest digital asset after Bitcoin (BTC) and Ethereum (ETH), with the price per coin trading around Rp39,000 to Rp40,000 per coin, only 33% lower than its record high record recorded in January 2018.
This significant change has certainly attracted the attention of many parties, both from old investors and beginners who are starting to be interested in XRP potential. In recent times, XRP has indeed experienced a very profitable period, but this soaring price leaves a question, will the increase continue?
VOIR éGALEMENT:
According to a well-known crypto analyst who goes by the pseudonym "DonAlt", predicts XRP prices will still have the potential to experience further increases. Through posts on his social media, DonAlt said that the "second half" of XRP's rise could have occurred, although XRP has surged more than 470% in a short time. Although this prediction sounds quite ambitious, it further confirms the optimism that exists in the current crypto market.
XRP looks like it wants to go for round twoAbsurd
— DonAlt (@CryptoDonAlt) December 7, 2024
XRP looks like it wants to go for round twoAbsurd
Some of the speculations that have developed among market players even mention the possibility of XRP being able to shift Ethereum's position or even Bitcoin in terms of market capitalization. However, these predictions are far from true, given the very rapid price fluctuations and high volatility that characterize the cryptocurrency market.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)