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Home Cryptocurrency Bitcoin

Polkadot flips XRP and becomes fourth-ranked crypto after rising 100% in price in less than a week on Altcoins Bitcoin News

Socialmediagossips by Socialmediagossips
January 17, 2021
in Bitcoin, Cryptocurrency
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Polkadot flips XRP and becomes fourth-ranked crypto after rising 100% in price in less than a week on Altcoins Bitcoin News
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Dot, the native token of the Polkadot network, has been flipped XRP to become the fourth-placed token after its price rose more than 40% in just 24 hours. Since Jan 11, the token has risen by more than 100% and hit a new all-time high (ATH) of $ 18.06 on Jan 16.

Polkadot flips XRP and becomes fourth-ranked crypto after its price climbed 100% in less than a week

With a market capitalization of currently over $ 16.8 billion, the dot token now exceeds that of XRP by over $ 4 billion. Prior to the December 23, 2020 breakout, the Polkadot token had a market capitalization of just under $ 4.5 billion and an average price of $ 4.70, according to Markets. socialmediagossips.com. However, between that point and January 3, the token rose more than 100% and closed at $ 10.35.

After this initial price spike, however, the token temporarily stabilized at just under $ 10.35 before falling to $ 7.61 on January 11. However, after this short-lived retreat, the token continued on another rally that culminated in a dot shift XRP.

Polkadot flips XRP and becomes fourth-ranked crypto after its price climbed 100% in less than a week

Meanwhile the shift from XRP comes from its fourth position by Dot as the former continues to be delisted by exchanges. Since the beginning of the delisting, the XRP The token has now fallen from the December 17th high of over $ 0.60 to the current price of $ 0.28.

Additionally, in a move that is likely to put more pressure on the token, the Kraken crypto exchange has announced that it will stop trading the token XRP Token on January 29th. However, this move is expected to affect US customers only.

Do you think the XRP Token will recapture fourth place? Let us know what you think in the comments section below.

Photo credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer of liability: This article is for informational purposes only. It is not a direct offer or an invitation to submit an offer to buy or sell, or a recommendation or approval of products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author are directly or indirectly responsible for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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