As a seasoned researcher with over two decades of experience in the cryptocurrency market, I must admit that the recent surge of meme tokens on Ripple’s XRP Ledger (XRPL) has piqued my curiosity. The rapid growth and volatility of these digital assets are reminiscent of the early days of Bitcoin and Ethereum, where small investments could potentially lead to life-changing returns.
The XRP Ledger by Ripple is gaining significant attention among cryptocurrency fans, as tokens such as ARMY, 589, XPILL, PHNIX, and RIPPIE have experienced noteworthy surges in value.
As a researcher, I’ve observed an unexpected spike in the crypto market, and I find myself right in the middle of it. This surge appears to be directly linked to Ripple’s XRP token, which has experienced a remarkable 88% increase over the past week. This impressive performance has propelled XRP to claim its position as the third-largest cryptocurrency by market capitalization.
ARMY Kickstarts Charge
The first meme coin on the XRPL platform was predominantly initiated by ARMY, a token that’s existed for approximately 1.5 years. This token draws inspiration from the massive XRP community, often known as “the XRP Army.
According to Dexscreener, ARMY’s market capitalization soared from nearly a million dollars last week to an astounding $90 million at its height. However, it subsequently leveled off around $47 million and has since experienced a significant decline, shedding over half its worth within a 24-hour period. Despite this recent drop, ARMY remains the most capitalized meme coin within the XRPL ecosystem, currently valued at approximately $26.3 million.
Initially, early investors saw substantial profits from the surge of the meme token, as one trader transformed a $478 investment into over half a million dollars in both realized and potential earnings within just under three weeks.
One rapidly adopted digital token, referred to as 589, gained its name from the community’s ambitious goal for XRP’s price. At one point, it boasted a market capitalization of $8 million, propelled by a significant 160% increase in price within just 24 hours. Currently, though, it is being traded at around $0.0005513, lowering its total worth to approximately $2.9 million.
Newer Meme Coins Gain Momentum
The achievements of the military and the surge in value for XRP within the larger cryptocurrency market have sparked a wave of new meme coins appearing on the XRP Ledger. Many of these have shown remarkable growth over the past day.
In the past day, RIPPY emerged as the top-performing XRP meme coin, soaring to an astonishing increase of 22,825% at a particular moment. At the time this text was written, the token, barely a few days old, had climbed by approximately 17,694%. Its price stood roughly at $0.00116, positioning its market capitalization in the vicinity of $1.1 million.
Among XRP meme tokens, XPILL was the second-highest performer according to Dexscreener, soaring by an impressive 13,128% and reaching a value of approximately $88,000. Additionally, a fresh coin named PHNIX has skyrocketed over 12,000% since its debut. Furthermore, SAM, bwif, RIPPIE, and NOX have all experienced significant growth exceeding 1,000% within the past day, with bwif demonstrating remarkable performance in the last six hours, increasing by a staggering 7,710%.
1) It’s become hard to ignore the surge in XRPL tokens, as prominent figures in the Ethereum and Solana trading communities are now investigating the platform and providing guidance for beginners on how to trade meme coins within the Ripple ecosystem, showcasing their interest.
Read More
- SUI PREDICTION. SUI cryptocurrency
- COW PREDICTION. COW cryptocurrency
- Exploring the Humor and Community Spirit in Deep Rock Galactic: A Reddit Analysis
- WLD PREDICTION. WLD cryptocurrency
- KSM PREDICTION. KSM cryptocurrency
- W PREDICTION. W cryptocurrency
- AAVE PREDICTION. AAVE cryptocurrency
- Starseed Asnia Trigger Tier List & Reroll Guide
- What Persona Fans Hope to See in Persona 6 and What Might Disappoint
- GBP CAD PREDICTION
2024-12-03 16:32