Lithuanian-Australian businessman and legendary poker participant Antanas Guoga (also called “Tony G”) not too long ago took to the X social media to query the valuation of the Ripple-linked XRP cryptocurrency.
“How is XRP nonetheless ranked 4th? Baffles me!” Guoga stated, implying that the token is overvalued.
In March, the previous member of the European Parliament additionally criticized the thought of creating XRP a part of the US strategic reserve in March, arguing that the token had no customers.
It’s price noting that Guoga, chairman of Solana infrastructure firm SOL Methods, is a longtime cryptocurrency supporter.
The Lithuanian native rose to prominence as a poker legend within the 2000s, along with his event winnings surpassing a whopping $7 million.
XRP’s topsy-turvy rankings
In accordance with CoinMarketCap knowledge, XRP is presently valued because the fourth-biggest cryptocurrency with a market cap of $126 billion.
The Ripple-linked cryptocurrency is up solely by a minuscule 3.57% on a year-to-date foundation regardless of some bullish catalysts such because the launch of the primary XRP ETFs in North America and the settlement settlement with the U.S. Securities and Trade Fee (SEC).
Nonetheless, the token is up by a surprising 345% over the previous 12 months. The large rally that XRP skilled within the fourth quarter of 2024 allowed it to solidify its place inside the CoinMarketCap prime 5.
XRP’s CoinMarketCap rankings have fluctuated dramatically. In 2018, it surpassed Ethereum (ETH), briefly changing into the second-biggest cryptocurrency. Nonetheless, it was then on the verge of dropping out of the highest 10 amid the SEC-related turmoil in early 2021.
