Cryptocurrency Market Cap Reaches $2 Trillion, XRP Price Targets $1

Cryptocurrency Market Cap Reaches $2 Trillion, XRP Price Targets $1

April 7, 2021

The cryptocurrency economy reached a market cap of $2 trillion on Monday after the recent rally in altcoins. XRP remained the best-performing cryptocurrency among the top 10 after a jump of nearly 60% in the last 7 days.

According to the data published by Coinmarketcap, the total value of digital currencies touched $2 trillion on 5 April, its highest level on record. XRP crossed $0.93 during the latest rally, the highest level since May 2018.

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As of writing, the overall market cap of cryptocurrency assets stands at around $1.98 trillion. Bitcoin, the world’s largest cryptocurrency, has a market cap of more than $1.1 trillion. XRP became the 6th most valuable cryptocurrency in the world after the digital asset reached a market value of $40 billion, more than Cardano, Uniswap, and Litecoin.

Finance Magnates reported yesterday about the recent dip in Bitcoin’s market dominance. BTC’s share of the overall cryptocurrency market dropped below 56% after the latest rally in altcoins.

Ethereum, XRP, and Binance Coin

Ethereum, the world’s second-largest digital currency, touched an all-time high of $2,150 yesterday after a significant surge in retail and institutional demand. Grayscale, a leading digital asset manager, also highlighted the growing institutional interest in Ethereum-related investment products recently. The asset manager currently has more than 3.1 million Ethereum under management with a total value of more than $6.5 billion. The world’s 6th largest cryptocurrency XRP is on the rise since the start of last week, the digital currency jumped from $0.55 to $0.93 within the last 7 days. As of writing, the XRP price is trading near $0.88 as the cryptocurrency is targeting the next milestone of $1.

Binance Coin recently crossed the market cap of $50 billion after the digital currency jumped nearly 25% within the last week. As of writing, BNB is trading near an all-time high of $390 with a market cap of more than $58 billion. The world’s top 6 cryptocurrency assets include Bitcoin, Ethereum, BNB, Tether, Polkadot, and XRP.

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