A recent report by CoinGecko found that Ripple’s cross-border token is the only cryptocurrency besides the market leader to remain among the largest 10 cryptocurrencies every year for a decade. This came despite the asset’s ups and downs some of which pushed it to new lows.
XRP Stays Strong in Top 10 💀
Before we delved deeper into the report we have a confession to make. It’s not really a new report. It actually came out over a month ago but we somehow missed it. Nevertheless we still think it’s a fun Sunday morning read so here we go. CoinGecko outlined that the cryptocurrency market has changed almost beyond recognition since 2014. Hundreds of projects entered and fell out of the spotlight as former industry heavyweights such as Peercoin Namecoin NXT Dash EOS and Litecoin all spent years among the top 10 elite before eventually falling out. This is not the case with Ripple’s XRP though. The report analyzed annual market-cap snapshots between 2014 and 2026 and found that XRP is the only cryptocurrency besides Bitcoin to remain inside the industry’s top 10 every single year. This streak spans 13 consecutive years and unless there’s a major collapse in 2026 is likely to close its 14th year soon.
The asset managed to remain in the top through the painful 2018 bear market the COVID-19 crash the Terra collapse the FTX bankruptcy and perhaps most impressively Ripple’s years-long battle with the US Securities and Exchange Commission. This was particularly threatening as XRP was delisted from countless exchanges after the SEC’s offensive began and it tumbled hard immediately. Meanwhile Ripple’s token recently celebrated a one-year anniversary since its all-time high of $3.65 was marked last July. However it has dumped by 70% since then.
Shifting Tides in Crypto 🖤
BTC and XRP remaining within the top 10 cryptocurrencies by market cap for about a decade is among the very few constants. Everything else the report said has changed to its core. For example Bitcoin’s market share accounted for roughly 87% in 2014. Now it’s under 57% on CoinGecko. Stablecoins have become a permanent fixture within the top 10 and 20 alts while exchange tokens like BNB have established themselves alongside traditional layer-1 networks. This year also marked another milestone when Hyperliquid’s HYPE became only the second DeFi project ever to enter the top 10 overtaking Dogecoin. ✨🌑🕸️🦇🕷️🌙
Just another echo from the void by iconofsin.eth 💖
