Home / BITCOIN / Polkadot Flips XRP to Become the Fourth-Ranked Crypto After Price Spikes 100% in Less Than a Week

Polkadot Flips XRP to Become the Fourth-Ranked Crypto After Price Spikes 100% in Less Than a Week

Dot, the natural token of the Polkadot network, has flipped XRP to become the fourth-ranked token after its price rallied by more than 40% in by the skin of ones teeth 24 hours. Since January 11, the token has now gone up by more than 100% to set a new all-time high (ATH) of $18.06 on January 16.

Polkadot Flips XRP to Become the Fourth-Ranked Crypto After Price Spikes 100% in Less Than a Week

With its market-place capitalization currently standing at over $16.8 billion, the Dot token now surpasses that of XRP by over $4 billion. Yet beforehand the December 23, 2020 breakout, the Polkadot token had a market capitalization of just under $4.5 billion and an average guerdon of $4.70, according to data from Markets.bitcoin.com. However, between then and January 3, the token floated by more than 100% to close at $10.35.

Yet, after this initial price surge, the token then briefly stabilized at unbiased under $10.35 before dropping to $7.61 on January 11. Nevertheless, after this short-lived retreat, the sign went on another rally that culminated in Dot displacing XRP.

Polkadot Flips XRP to Become the Fourth-Ranked Crypto After Price Spikes 100% in Less Than a Week

Meanwhile, the displacement of XRP from its fourth position by Dot comes as the recent continues to get delisted by exchanges. Since the delistings began, the XRP token has now plunged from the December 17 high of on top of $0.60 to the current price of $0.28.

Furthermore, in a move that is likely to add more pressure on the token, the Kraken crypto swop has announced it will halt trading of the XRP token on January 29. However, this move is only expected to counterfeit US customers only.

Do you believe that the XRP token will reclaim the fourth place position? Tell us your because ofs in the comments section below.

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