Ripple XRP Nears Solana Flippening Ahead of Stablecoin Launch

Why Understanding Ripple Labs history is so important...

Author

Markus Thielen
November 30, 2024

👇1-21) The cryptocurrency market capitalization has surged to $3.43 trillion, while Bitcoin’s dominance has dipped from 60% to 56%. A higher overall market cap combined with a declining Bitcoin dominance is often seen as a hallmark of altcoin season. In crypto, market theories often become self-fulfilling, as belief drives momentum.

Bitcoin dominance (LHS, %) vs. Crypto market cap (RHS, $ trillions)

👇2-21) Since November 17, Solana (SOL) has remained relatively flat, while other large-cap altcoins have outperformed significantly. Ethereum (ETH) has rallied nearly +18%, and Ripple (XRP) has soared +70%. The market cap gap between Solana and Ripple is now just $6 billion, suggesting a potential "flippening" within days, where Ripple could become the third most valuable cryptocurrency.

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