фото показано с : invezz.com

XRP has been on a losing streak ever since the US SEC filed a lawsuit against it in late 2020. The coin has since lost its third spot to Tether (USDT), and then also its fourth spot. After a short-term rebound during which it regained its fourth position, XRP now lost it again to Polkadot (DOT).

Polkadot has been surging for quite a while now, originally starting around December 28th. After reaching the price of $10 in the early days of January, the coin has been trading sideways until January 10th, when it dropped back to slightly above $8.

Immediately after that, however, it started a new price surge that took it up by around 70% in a single week. In fact, in the last 24 hours, the coin has gone up by 7.14%. Its market cap hit $13.5 billion, while its daily trading volume sits above $6.1 billion at the time of writing.

XRP, on the other hand, is trading in the red. The coin lost 10% of its price in the past 7 days, going down by 3.17% in the last 24 hours alone. Its own market cap is at $12.7 billion at the time of writing, while its trading volume sank below $4.7 billion.

The turn of the year has been rather chaotic for XRP. First, the SEC sued its parent company, Ripple, for selling an unregistered security. Then, the coin got delisted from a number of exchanges, where smaller exchanges could afford to remove it immediately, while larger ones, like Binance, announced that the coin will be delisted in mid-January.

Its removal from Binance and its peers is likely the reason for a strong price dip that XRP is experiencing right now. The coin currently sits at $0.2837, with its price continuing to fall. Meanwhile, Polkadot is seeing a rapid increase in usability, with some reports even claiming that Asian traders are using it to predict the price of Bitcoin.

The post XRP lost its position as the fourth-largest coin to Polkadot (DOT) appeared first on Invezz.

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