Polkadot becomes XRP to become encryption in fourth place after the price increases 100% in less than a week

Dot, the Polkadot network’s native token, made XRP the fourth ranked token after its price rose by more than 40% in just 24 hours. Since January 11, the token has risen more than 100% to set a new historical record (ATH) of $ 18.06 on January 16.

With its market capitalization currently at more than $ 16.8 billion, the Dot token now exceeds that of XRP by more than $ 4 billion. However, prior to the December 23, 2020 break, the Polkadot token had a market capitalization of just under $ 4.5 billion and an average price of $ 4.70, according to data from Markets.bitcoin .with. However, between then and January 3, the token soared by more than 100% to close at $ 10.35.

However, after this initial price increase, the token stabilized briefly at just under $ 10.35 before dropping to $ 7.61 on January 11th. However, after this short-lived retreat, the token entered another high that culminated in the shift of point XRP.

Meanwhile, Dot’s shift of XRP from its fourth position occurs as the first continues to be removed from the list by the exchanges. Since the start of the removals, the XRP token has dropped from the December 17 high of more than $ 0.60 to the current price of $ 0.28.

In addition, in a move that is likely to increase pressure on the token, the Kraken crypto exchange announced that it will stop trading the XRP token on January 29. However, this move is expected to affect only US customers.

Do you believe that the XRP token will regain fourth place? Tell us your opinion in the comments section below.

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