While there has been movement in Bitcoin (BTC) and altcoins in recent days, some altcoins, led by Ethereum (ETH), have positively diverged from the market.
At this point, ETH maintained its second place with its unexpectedly huge rise, increasing by 44% in the last 7 days, while XRP, which has been the shining star of recent months with its rally after Trump’s victory, moved into third place with a 20% increase.
There have been changes in the top 10 rankings on Coinmarketcap. Accordingly, XRP has left Tether (USDT) behind with a remarkable performance.
According to data, XRP gained 20% in just one week, bringing its market value past $150 billion.
XRP has now moved up to the 3rd spot in the top 10 cryptocurrencies rankings, surpassing USDT.
As XRP displaces Tether, XRP Futures Open Interest has increased by over $1 billion in the past week, rising from $2.42 billion to $3.42 billion (+41.6%).
Glassnode noted that this sharp increase in leverage coincided with a price rally from $2.14 to $2.48, indicating increased speculative activity and bullish sentiment.
According to Coinmarketcap data, XRP’s market value is $151.2 billion, while Tether’s market value is $150.3 billion.
Tether ranks 4th with a market value of $150 billion, followed by Solana (SOL), Binance Coin (BNB), USDC, Dogecoin (DOGE), Cardano (ADA) and Tron (TRX) respectively.
*This is not investment advice.
