The growth of the cryptocurrency market is more than evident, especially in the past year or so, and July has only solidified this narrative.
The top three cryptocurrencies by market cap have all found a spot within the largest global assets by that metric, with Ripple surpassing giants like Uber and Xiaomi on its way up.
Ripple’s Market Expansion
We have observed significant movements in XRP’s price over the past week. To summarize, the asset traded within a tight range between $2.2 and $2.3 for a period before making a decisive breakout. Within just over a week, XRP skyrocketed to over $3.6, marking a new all-time high before correcting slightly to $3.5 as of the latest update.
With a total circulating supply of over 59 billion tokens, XRP’s market capitalization now sits at $207 billion. This remarkable growth not only positions XRP as the third-largest cryptocurrency but also solidifies its place among the top 100 global assets.
Data from CompaniesMarketCap reveals that Ripple is now ranked 81st overall, outpacing renowned entities like Boeing, Xiaomi, Uber, AT&T, Siemens, and Commonwealth Bank.
Just ahead of Ripple in the rankings are other industry titans like Shell, McDonald’s, and Goldman Sachs. It’s fascinating to consider that a few years ago, or even as recently as 2024 when XRP struggled to maintain a price of $0.6, it seemed improbable that Ripple could contend with the likes of Goldman Sachs.
What About ETH and BTC?
As mentioned above, the cryptocurrency industry has three representatives in the top 100 global assets. Currently, Ethereum holds 25th place with a market capitalization of $435 billion, following a recent surge to a price tag of $3,600.
ETH has surpassed Procter and Gamble, Johnson & Johnson, and Costco, while only a few entities rank higher, including Exxon Mobile, Mastercard, and Netflix.
Bitcoin has consistently remained a top 10 asset for considerable time. Its latest price surge brought it to a new all-time high of over $123,000, making it briefly the fifth-largest asset. Although Bitcoin’s position was reclaimed by giants such as Alphabet and Amazon, it currently holds the sixth position with a market cap of $2.373 trillion.
For further details, please refer to the original post on the rise of Ripple: Ripple Climbs Higher: XRP Is Bigger Than Uber, Boeing, and Guns for Goldman.
