With the recent events in the Bitcoin ETF approval process, the price of Bitcoin and other altcoins has changed a lot. Ripple (XRP) has got a big increase in market cap and price. The market cap of Ripple almost reached the value of Binance coin(BNB) and got to the top 4 spot, according to CoinMarketCap.
The price of Ripple was around $0.62 when it crossed the market cap of Solana and Binance Coin. However, this was short-lived and price of Ripple dropped down to the $0.55 range.
At press time, the price of Ripple stands at $0.56 with a market cap of $30.2 billion, according to CoinMarketCap. The price of Solana is $89.11 with a market cap of $38.46 billion. The price of Binance Coin stands at $296 with a market cap of $44.44 billion, according to CoinMarketCap.
At the time of writing this article, Ripple and Solana have a difference of $14.2 billion in market cap, and should take a while.
Ripple is a fintech company that builds global payment systems while its token XRP is a currency.
Ripple and its legal battle with the SEC
The US Securities and Exchange Commission (SEC) alleges that XRP is subject to federal securities while Ripple argues that XRP is a currency and is not subject to the same regulations.
If Ripple wins the legal battle against the SEC the price of Ripple can move up. In the last 12 months, the price of Ripple has gone up by 76.8% and according to some experts, the price could go up to $0.75.