bitcoin
bitcoin

$96352.118212 USD

0.71%

ethereum
ethereum

$3433.587089 USD

0.54%

xrp
xrp

$2.412187 USD

2.60%

tether
tether

$0.999161 USD

0.07%

bnb
bnb

$701.782422 USD

-0.61%

solana
solana

$207.336475 USD

0.54%

dogecoin
dogecoin

$0.336965 USD

1.16%

usd-coin
usd-coin

$1.000019 USD

0.00%

cardano
cardano

$1.037292 USD

11.56%

tron
tron

$0.261602 USD

1.41%

avalanche
avalanche

$39.470257 USD

1.90%

toncoin
toncoin

$5.604692 USD

-0.84%

chainlink
chainlink

$21.911662 USD

-1.37%

stellar
stellar

$0.448296 USD

7.26%

shiba-inu
shiba-inu

$0.000023 USD

1.91%

Cryptocurrency News Articles

How XRP Outperformed Bitcoin in 2024 and Became the Crypto Industry's Revival Story of the Year

Dec 31, 2024 at 03:01 pm

Fast forward to 2024, and XRP is back at $2, still in the red amid the broader crypto market downturn, but stronger than ever and less volatile

How XRP Outperformed Bitcoin in 2024 and Became the Crypto Industry's Revival Story of the Year

Despite the SEC lawsuit and the broader crypto market downturn, XRP managed to remain resilient, outperforming Bitcoin and other major cryptocurrencies and returning to the top three cryptocurrencies by market cap.

The lawsuit, which began in December 2020 and alleged that Ripple and its executives engaged in an unregistered securities offering by selling XRP, had a significant impact on the cryptocurrency and its price.

However, Ripple and XRP managed to overcome the legal challenges and the bearish crypto market trend, with XRP returning to the $2 price level and hitting a new all-time high by the end of 2024.

This was a remarkable recovery for XRP, which had faced the threat of being delisted from major cryptocurrency exchanges and faced regulatory uncertainty due to the SEC lawsuit.

Despite the lawsuit and the SEC's attempt to classify XRP as a security, the cryptocurrency remained listed on major exchanges and was supported by a large community of users.

This support, along with the broader crypto market recovery in 2024, helped XRP return to the top three cryptocurrencies by market cap and achieve a new all-time high.

News source:www.inkl.com

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Jan 03, 2025