Ripple’s Chief Technology Officer, David Schwartz, has shared his excitement over XRP’s rise to become the third-largest cryptocurrency, coinciding with his 12-year anniversary at the company.
On Sunday, XRP continued its impressive rally, surging by more than 28% and reaching a new multi-year high of $2.48. This surge has placed XRP in third position by market capitalization, surpassing both Tether (USDT) and Solana (SOL), often dubbed the “Ethereum killer.”
I just officially hit 12 years at Ripple just as XRP moves into the number three position by market cap. Coincidence?
— David "JoelKatz" Schwartz (@JoelKatz) December 1, 2024
This achievement comes after XRP nearly fell out of the top 10 cryptocurrencies following the SEC lawsuit against Ripple. Despite this comeback, XRP still has a significant gap to close if it aims to surpass Ethereum (ETH), which boasts a market cap of $444 billion.
With a current market cap of $139 billion, XRP now ranks alongside major companies like Citigroup, Airbus, and Sony. However, despite its over 30% surge in just 24 hours, it isn’t the top-performing cryptocurrency in the top 100. Hedera (HBAR) outpaced it with a remarkable 42% gain. Other altcoins, such as EOS (20.5% increase) and Litecoin (20.2% increase), have also seen notable gains. XRP’s weekly growth (69%) still lags behind HBAR’s 78%.
Additionally, XRP has another catalyst on the horizon. Ripple CEO Brad Garlinghouse recently recorded an interview with “60 Minutes,” one of the most prominent TV programs in the US. In a recent social media post, Garlinghouse mentioned that the air date for the interview has not yet been confirmed.
This milestone marks a significant moment for Ripple and its supporters as XRP continues to make strides in the cryptocurrency market.
