<ul><li>XRP secures fourth place in crypto market cap, overtaking Binance Coin, with an impressive $37.61 billion valuation, edging ahead of BNB&#39;s $37.25 billion.</li><li>The dynamic market cap metrics drive XRP&#39;s impressive 24% surge in the past week, presenting a formidable challenge to BNB&#39;s standing.</li><li>Ripple&#39;s development surged to an impressive 1.71 in on-chain analysis compared to BNB&#39;s 0.036, which underscores XRP&#39;s dedication to the XRPL.</li></ul>In a recent development, XRP has clinched the coveted fourth position in the cryptocurrency market, overtaking Binance Coin (BNB) in market capitalization. Latest data from <a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow">CoinMarketCap</a> revealed that XRP now boasts an impressive market cap of $37.61 billion, edging ahead of BNB&#39;s $37.25 billion, which has been relegated to fifth place.Market cap, the product of a cryptocurrency&#39;s price and circulating supply, is a dynamic metric susceptible to shifts in both price and coin availability. XRP&#39;s recent ascent is primarily driven by a surge in price, <a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">trading</a> at $0.6918. The current price marks an astonishing 6.59% surge in the last 24 hours and a 24.14% increase over the past week.Beyond price and supply, macroeconomic factors, including adoption rates, are wielding influence. Ripple, in light of its U.S. regulatory challenges, has been diversifying its operations <a href="https://ripple.com/insights/ripple-fully-licensed-to-provide-digital-payment-token-services-in-singapore/?utm_campaign&#61;&amp;utm_medium&#61;organic_social&amp;utm_source&#61;twitter" rel="noopener noreferrer nofollow">globally</a>, finding welcome reception in countries like the UAE and Singapore.Read full article at <a href="https://cryptotale.org/xrp-surpasses-binance-coin-bnb-in-market-cap-battle-report/" rel="noopener noreferrer nofollow">CryptoTale.</a>

XRP Surpasses Binance Coin (BNB) in Market Cap Battle: Report

CryptoTale

Other articles published on Nov 6, 2023

Magpie’s October Wrap Up

What is Lido? LDO Price Prediction 2023, 2024, 2025 to 2030

GROK Tokens Inspired by Twitter’s Grok AI Chatbot Surge

Luxor Technology Pitches Innovative Bitcoin Mining Investment Product

FTX seeking approval to sell funds from Grayscale and Bitwise

Bitcoin Addresses With Over $1K of BTC Hits High of 8M

Join our free newsletter for daily crypto updates!