Many traders probably wonder, how come Ripple still manages to maintain its status of top cryptocurrency despite the poor performance of this altcoin throughout a long period of time. Over the past few weeks, XRP had lost its long-standing 3rd spot in the global rankings to USD Tether that exceeded altcoin's capitalization by $1.3 billion. Taking into account the negativity that surrounded Ripple Labs recently (the lingering class-action lawsuit and the covert releases of sizable sums in XRP into the market), there is little to no chance for the 4th cryptocurrency to climb up the ladder once again.
The current market capitalization of $7,8 billion, though, would allow Ripple to cling onto that position for some time, but we believe that it would be eventually superseded by likes of Cardano (ADA) (the team prepares for a massive system upgrade) or Binance Coin (BNB), thanks to the ceaseless development of the corresponding ecosystem.
Ripple's gains/losses profile remains almost completely red, while it's all-time ROI has decreased to 2900%.
XRP's gains/losses profile