Fly! XRP's market capitalization surpasses USDT and SOL, becoming the third largest token with a crazy surge of 380% in a single month.

Husband's chain coin XRP has been soaring recently, and it has surpassed USDT to become the third largest cryptocurrency by Market Cap. In addition to the factor of SEC Chairman Gensler preparing to resign, Ripple's off-chain layout may also be one of the key factors for the continuous surge of XRP. After Trump's victory and Gary Gensler's announcement of his resignation on January 20 next year, many encryption projects that have been litigated with the SEC began to celebrate, among which XRPcoin (XRP), which has been litigated for many years, performed the most outstandingly. According to CMC data, the price of XRP has soared from $0.51 to $2.47 in nearly a month, with a staggering increase of 380% (and another 32% increase in the past 24 hours). Under the intense surge, its Market Cap has now reached $141.6 billion, surpassing USDT's $134.2 billion, becoming the third largest cryptocurrency by Market Cap. Is off-chain layout the killer move for the surge? Although the resignation of SEC Chairman Gary Gensler can indeed stimulate the rise of related tokens, the surge of XRP does indeed exceed market expectations. This inevitably leads the author to speculate that perhaps Ripple's extensive off-chain cooperation with countries and enterprises in the past has contributed to the continuous rise of XRP. According to Fox Business, the New York Department of Financial Services (NYDFS) has indicated to Ripple today (30th) that it will approve its new stablecoin product RLUSD, which is planned to be launched on December 4. If approved as expected, RLUSD will be allowed to be provided to the public legally. In late May 2023, Ripple acquired Metaco, a Swiss digital asset custodian company, for $250 million, and completed the acquisition of Standard Custody & Trust Company, a New York digital asset custodian company, in June this year. According to the XRP announcement, these two acquisition actions highlight the importance and increasing popularity of digital assets, covering a wide range from stablecoins and Central Bank Digital Currencies (CBDCs) to tokenized real-world assets (RWAs) such as stocks, bonds, commodities, and real estate. In mid-May 2023, Ripple announced the launch of a Central Bank Digital Currency (CBDC) platform for Central Banks and institutional users in various countries. According to a Businesswire press release, the Ripple CBDC platform aims to address various use cases, including private transactions, wholesale or issuance of stablecoins, and so on. At that time, the President of the Republic of Palau, Surangel Whipps Jr, gave extremely high praise to Ripple. According to a report by Cointelegraph in April this year, SBI Group, a Japanese financial giant, will become the first Japanese company to use the XRP Ledger Blockchain Supply Chain solution, which is also part of Ripple's promotion of enterprise solutions in Japan. In addition, Andy Dan, the person in charge of Haskey DX, stated that XRPL's good track record in enterprise applications, settlement speed, low cost, and scalability are key indicators for building Supply Chain financial solutions. The author believes that perhaps Ripple's excellent performance in international cooperation in the past, coupled with the clearing of the clouds in the SEC litigation, has prompted institutions to start entering the market in a big way for XRP. As for the altcoin season, it may start from these high Market Cap old coins that have not been knocked down after many years. Related reports: Coin Security Chain 11 will stop running in November: transfer Beacon Chain assets to BNB Chain quickly, otherwise there may be permanent loss. BNB Chain Connect Taipei Meeting: Explore the infinite possibilities of Web3, participate in the BNB Hackathon for substantial rewards. SOL surpasses BNB to become the third largest cryptocurrency! Market Cap is $113 billion, leading giants such as Starbucks, Sony, and more. [Fly! XRPMarket Cap surpasses USDT, SOL becomes the third largest Token, soaring 380% in a single month] This article was first published on BlockTempo, the most influential blockchain news media in Dynamic Zone.