[Lunch Briefing] XRP, 3rd largest virtual asset by market cap… 30% surge in one day

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Bitcoin (BTC) price chart as of 12:50 PM on December 2./Source=Bithumb


Major virtual assets are mixed.

As of 12:50 PM on December 2 based on Bithumb, BTC fell 0.13% from the previous day to 13,493,800 won. Ethereum (ETH) rose 0.23% to 5,161,000 won, XRP rose 28.71% to 3,425 won, Solana (SOL) fell 2.87% to 321,300 won, and Binance Coin (BNB) rose 0.54% to 913,500 won.



The international market is on the rise.

At the same time, on CoinMarketCap, BTC recorded $97,710.28, up 0.81% from the previous day. ETH rose 0.73% to $3,715.70, XRP rose 30.29% to $2.46, SOL fell 1.71% to $231.76, and BNB rose 1.58% to $660.92.

The total market capitalization of virtual assets increased by 0.58% from the previous day to about $3.46 trillion (about 485.74 trillion won). The Crypto Fear and Greed Index of alternative.me, a virtual asset data company, fell 1 point from the previous day to 80 points, indicating 'extreme greed'.

XRP has risen to the 3rd largest virtual asset in market capitalization.

According to CoinMarketCap today, XRP, which was ranked 6th in virtual asset market capitalization, has surpassed BNB, SOL, and USDT to rise to 3rd place. XRP's current market capitalization is $140.36 billion, 4.58% higher than USDT. Based on today's standards, the price of XRP has risen 30.29% over the past 24 hours, currently trading at $2.46. This is the highest level since recording $3.3 in 2018. The maximum supply of XRP is 100 billion, and currently about 57 billion are in circulation.

On December 1 (local time), The Block reported that XRP has outperformed the GMCI30 index, which tracks the performance of the top 30 virtual assets by market capitalization. XRP has surged 334.02% since starting to rise sharply on November 10. CoinTelegraph cited various partnerships, new product development by Ripple Labs, heightened expectations for the launch of XRP spot ETF, and the spread of rumors about Elon Musk's large-scale investment in Ripple as the reasons for XRP's rapid growth.

Reporter Hae-yeon Kang
haeyeon41@rni.kr
< Copyright holder ⓒ Decenter, Unauthorized reproduction and redistribution prohibited >

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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