XRP At Risk Of Falling Out Of Crypto Top Five For First Time Since 2013

Tuesday 19 January 2021, 6:25 AM AEST - 1 month ago

XRP has had an extremely difficult run since 2017 and things have only turned worse. But somehow despite the poor performance compared to its peers, it has managed to hold onto a top five rank by market cap dating back as far as 2013.

However, the legal blow dealt by the United States Securities and Exchange Commission and the subsequent crypto exchange delistings, the altcoin is now at dangerous risk of falling out of the top five for the first time since back then. Heres which cryptocurrency could take its spot, and a look at how far the top five has changed since 2013.

The Crypto Market Top Five: 2013 Versus 2021

The cryptocurrency market is constantly evolving, and new projects regularly appear that temporarily dominate the space, only to fall into obscurity later on. The best place for investors to look beyond Bitcoin itself, is the top five or ten cryptocurrencies by market cap.

The higher up the list you go, and the longer the asset has held the position, the more likely the coin has staying power and will continue to do so.

Related Reading | Analyst Who Called Coinbase XRP Delisting Says SEC Is Investigating Other Altcoins

In a very risky space, these coins are among the least risky. But scanning through snapshots taken of the top five throughout the history of crypto, even the cream of the crop changes often.

xrp usd cardano adaA historical snapshot of crypto in 2013 | Source: CoinMarketCap.com

A handful of coins however have mostly maintained their notch in upper tiers of crypto market share, such as Litecoin, Ethereum, XRP, and of course, Bitcoin.

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