DeFi Market Cap Surpasses XRP Amid Marketwide Sell-Off

2021-1-11 13:08

The DeFi market’s assets have collectively surpassed XRP’s market cap as the latter faces a major lawsuit from the SEC.

Data from Messari shows that DeFi’s total market cap ($11.5 billion) has overtaken that of the lawsuit-stricken XRP ($10.26 billion), in the aftermath of the recent cryptocurrency market sell-off.

Market cap of DeFi vs. XRP: Messari DeFi Sector Movin’ on Up

Popular DeFi assets like UNI and MKR experienced a tremendous rally alongside Bitcoin and the ETH 2.0 launch. The crypto community has theorized that Bitcoin’s bull run has seen a migration of profits into DeFi. Many analysts also concur that the DeFi industry will likely continue to grow in 2021, on top of its phenomenal 2020 performance.

Meanwhile, Ripple and XRP have experienced a horrid start to the new year. The United States Securities and Exchange Commission (SEC) filed a lawsuit against Ripple in late December 2020. Following the announcement, the asset’s value began to bleed out, with investors fearing its imminent demise.

XRP’s market cap dropped from approximately $30 billion before the lawsuit. Some might argue that the signs were always pointing to a securities case.

Prominent analysts like Peter Brandt have long since maintained that Ripple was a security — even before the lawsuit was brought to fruition:

XRP would have been declared as a security if the SEC understood cryptos. This is a classic case of a market being manipulated by a bag-holder.

— Peter Brandt (@PeterLBrandt) November 10, 2020 Ripple’s Reputation Takes A Hit

The SEC lawsuit is only one of many that Ripple has had to face. Several independent investors have also sued the firm for various reasons. Ripple Labs has said that it would fight the cases, but a lot of damage has already been done.

Exchanges and institutions have also begun suspending XRP from trading, including Coinbase. Grayscale Investments even sold over 9 million in XRP to distance itself from risk. These are significant markets for XRP, the hopes for which rest on winning the lawsuit.

It remains to be seen how Ripple and XRP will come out of this. It may be a long time before its situation is resolved, as was the case with Kik and Telegram.

The post DeFi Market Cap Surpasses XRP Amid Marketwide Sell-Off appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

market xrp cap defi shows data total

Источник: beincrypto.com

market xrp → Результатов: 126


Фото:

Crypto market snapshot Dec 2: BTC at $96K as XRP and Hedera lead market rally with double-digit gains

The cryptocurrency market is witnessing a surge in bullish sentiment as Bitcoin (BTC) edges closer to the $100K milestone, while altcoins like XRP and Hedera (HBAR) record staggering gains. Over the past 24 hours, XRP surged by 30%, reclaiming its position as the third-largest cryptocurrency by market cap, while Hedera skyrocketed by 44%, making it […]

2024-12-2 09:22


Market Sentiment For BTC, ADA, XRP, SOL Hints At an Impending Market Bounce – Here’s Why

According to blockchain intelligence firm Santiment, bearish sentiment has recently taken hold across major cryptocurrencies like Bitcoin, Ethereum, Binance Coin, XRP Ledger, Cardano, and Solana. As Santiment reported on social media: “With #crypto market caps ranging and lacking the usual growth traders have been accustomed to since the #bullcycle began in October, there is a […] The post Market Sentiment For BTC, ADA, XRP, SOL Hints At an Impending Market Bounce – Here’s Why appeared first on CaptainAltcoin.

2024-2-6 01:27


XRP, QNT, and HBAR: Navigating Lawsuits, Market Dips, and Global Forums

The release of the Hinman XRP lawsuit emails has sent ripples through the market, revealing a series of warnings ignored by Hinman that his speech could cause market confusion. This has raised questions about the transparency and fairness of market regulation, particularly in the case of Ethereum, which was seemingly given preferential treatment in Hinman’s […] The post XRP, QNT, and HBAR: Navigating Lawsuits, Market Dips, and Global Forums appeared first on CaptainAltcoin.

2023-6-14 11:40


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru