Cardano (ADA) and Polkadot (DOT) are ousting XRP from the top 5 cryptocurrencies

Market capitalization is the total number of coins in circulation multiplied by their price. On September 17, 2021, ADA and DOT were up 23.5% and 35.2%, respectively, over the course of the week, as their market capitalization was around $ 27.8 billion Dollars or $ 30.25 billion.

Thanks to some rallies recently, Polkadot is currently ranked 4th, while Cardano is 5th.

As reported by CryptoSlate, XRP’s price has fallen sharply after the SEC filed a $ 1.3 billion lawsuit against Ripple Labs alleging its tokens were classified as unregistered securities can be.

Shortly afterwards, the price of XRP collapsed when the crypto exchanges began delisting. Despite its recent gains to around $ 0.50, XRP is still down from $ 0.6 in late December.

“XRP has had well-documented issues with the SEC and has been removed from several major exchanges. This has made it harder for retail investors to participate in the current bull run. Lots of people love it in Asia and more and more projects are being” building on what led to that more and more people accept it. “
A spokesman for DeFi Harvest Finance, nicknamed JB87, told CryptoSlate.

In fact, Cardano and Polkadot have generated a lot of positive feelings lately – as has DeFi in general.

“The fact that XRP, Cardano and Polkadot are three of the biggest projects in the crypto space should prove to anyone that there are still no established companies in this DeFi sector. The three platforms say. Above is nowhere near the right one Platform for the crowd. ” So at this early stage there are many opportunities for any creative and popular project to be successful. “
They added.

Recently, Total Value Locked (TVL) in DeFi topped $ 37 billion, suggesting the sector’s exponential growth rate continues to accelerate.

The source: KryptoSlate