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.
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.
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.
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