Polkadot turns XRP to become the fourth ranking after the price rose 100% in less than a week

Dot, the original sign of the Polkadot network, turned XRP around to become the fourth position after the price rose by more than 40% in just 24 hours. Since January 11, the token has now risen by more than 100% to set a new high (ATH) of $ 18.06 on January 16.

With its market capitalization currently exceeding $ 16.8 billion, the Dot token now exceeds that of XRP by more than $ 4 billion. Even before the outbreak of December 23, 2020, 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.com. Between January 3, however, the token rose more than 100% to close at $ 10.35.

Yet, after this initial price push, the token stabilized shortly thereafter at just under $ 10.35 before dropping to $ 7.61 on January 11th. Nevertheless, after this brief retreat, the token went on to another rally that culminated in Dot displacing XRP.

Meanwhile, the displacement of XRP comes from its fourth position by Dot, as the former is still listed through stock exchange. Since the delisting began, the XRP token has now fallen from its December 17 high of more than $ 0.60 to the current price of $ 0.28.

Furthermore, in a move that is likely to add more pressure to the token, the Kraken crypto exchange announced that it will halt trading in the XRP token on January 29th. This move is expected to affect US customers only.

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

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