A current report by CoinGecko discovered that Ripple’s cross-border token is the one cryptocurrency apart from the market chief to stay among the many largest 10 cryptocurrencies yearly for a decade.
This got here regardless of the asset’s ups and downs, a few of which pushed it to new lows.
$XRP Stays in Prime 10
Earlier than we delved deeper into the report, we’ve got a confession to make. It’s probably not a brand new report. It really got here out over a month in the past, however we someway missed it. However, we nonetheless assume it’s a enjoyable Sunday morning learn, so right here we go.
CoinGecko outlined that the cryptocurrency market has modified nearly past recognition since 2014. A whole lot of tasks entered and fell out of the highlight, as former business heavyweights, corresponding to Peercoin, Namecoin, NXT, Sprint, EOS, and Litecoin, all spent years among the many prime 10 elite earlier than finally falling out.
This isn’t the case with Ripple’s $XRP, although. The report analyzed annual market-cap snapshots between 2014 and 2026 and located that $XRP is the one cryptocurrency (apart from Bitcoin) to stay contained in the business’s prime 10 each single yr. This streak spans 13 consecutive years and, except there’s a significant collapse in 2026, is more likely to shut its 14th yr quickly.
The asset managed to stay within the prime by way of the painful 2018 bear market, the COVID-19 crash, the Terra collapse, the FTX chapter, and maybe most impressively, Ripple’s years-long battle with the US Securities and Change Fee. This was significantly threatening as $XRP was delisted from numerous exchanges after the SEC’s offensive started, and it tumbled arduous instantly.
In the meantime, Ripple’s token just lately celebrated a one-year anniversary since its all-time excessive of $3.65 was marked final July. Nevertheless, it has dumped by 70% since then.
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Completely different Crypto Market
BTC and $XRP remaining throughout the prime 10 cryptocurrencies by market cap for a few decade is among the many only a few constants. Every little thing else, the report mentioned, has modified to its core. For instance, bitcoin’s market share accounted for roughly 87% in 2014. Now, it’s beneath 57% on CoinGecko.
Stablecoins have change into a everlasting fixture throughout the prime 10 and 20 alts, whereas change tokens like BNB have established themselves alongside conventional layer-1 networks.
This yr additionally marked one other milestone when Hyperliquid’s HYPE turned solely the second DeFi undertaking ever to enter the highest 10, overtaking Dogecoin.
