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International Business Times
International Business Times
Business
Marvie Basilan

EXPLAINED: Xrp overtakes solana flips tether to become world s 3rd most valuable cryptocurrency | Rare Historical Photos

$XRP skyrocketed to the moon Sunday, first toppling $SOL, then $USDT to complete crypto's power 3 (Bitcoin at 1st, Ethereum at 2nd). (Credit: IBTimes US)

KEY POINTS

  • $XRP first overtook Solana earlier Sunday to become the Top 4 largest crypto by market cap
  • A few hours later, it also flipped $USDT to reclaim its place in crypto's power 3
  • $XRP users who didn't sell their tokens over years of legal woes are celebrating the move

XRP, once a touted rival to Bitcoin, has overcome years of a downtrend as it skyrocketed "to the moon" over the weekend to first topple Solana (SOL) then ultimately flip Tether (USDT), the world's largest stablecoin, to claim the Top 3 throne on cryptocurrency's most valuable ranks.

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