Binance Coin (BNB) has flipped Ripple’s native token XRP on Thursday to turn into the third largest cryptocurrency by market cap. BNB’s market cap surged to a excessive of $183 billion, surpassing XRP, which stands at $169 billion.
Not solely did BNB outpace XRP, nevertheless it additionally raced forward of stablecoin Tether (USDT), with a market cap of $177.9 billion. The Ripple’s native token commanded the third place for over two months however needed to let go on account of value dips.
BNB is among the many top-performing cryptocurrencies in 2025 because it has surged greater than 87% year-to-date. However, XRP has spiked almost 36% YTD. Subsequently, BNB has generated 41% extra income than its counterpart this 12 months.
The Binance Coin entered 2025 at $700 and touched an all-time excessive of $1,330 on Wednesday. Even XRP achieved the feat because the main altcoin hit an all-time excessive of $3.65 in July. The recent ATH got here after almost seven years of downturn.
The broader cryptocurrency market is brimming with optimism after receiving main help from institutional purchasers. Trillion-dollar asset administration companies like BlackRock, VanEck, and Constancy, amongst others, have taken entry positions into Bitcoin and Ethereum ETFs.
What Subsequent For BNB & XRP?
The cryptocurrency ladder is intensive and provides approach for main altcoins to make it to the highest. There is no such thing as a assure that the Binance Coin will stay within the third place in every week. The meteoric progress of BNB made it surpass XRP in market capitalization this month.
Nonetheless, analysts warn that BNB’s value might need peaked and will result in a downturn. When that occurs, Ripple’s XRP stands one other likelihood to take the third or fourth spot. The market is dynamic and will transfer in any route subsequent. If Bitcoin and Ethereum scale additional, the probabilities of BNB and XRP’s market cap growing stay larger.
