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XRP Displaces Polkadot Token After Price Soars 100% in 48 Hours: Token Next Pump Target for Satoshistreetbets Traders

News Feed - 2021-02-01 06:02:14

XRP Displaces Polkadot Token After Price Soars 100% in 48 Hours: Token Next Pump Target for Satoshistreetbets Traders


In a surge reminiscent of dogecoin’s recent rally, the value of the XRP token soared by more than 100% in just 48 hours. After starting the day at $0.29 on January 30, data shows that the token peaking at just above $0.67. At the time of writing, XRP is trading at around $0.66


 



As shown on markets.Bitcoin.com, after this price surge, the market capitalization of XRP went up to almost $28 billion, a figure close to double that of Polkadot. This means XRP has now reclaimed its position for now as the fourth highest-ranked crypto. Similarly, data from messari.io shows that XRP peaked at $0.68 on February 1.


 



With the token issuer Ripple Labs facing legal challenges, XRP’s unexpected price surge might lend credence to reports that an offshoot of the Wallstreetbets (WSB) is helping to pump the crypto.


Already, this movement of retail traders known as Satoshistreetbets has received partial credit for dogecoin’s recent meteoric rise. Buoyed by Wallstreetbets’ Gamestop short squeeze, Satoshistreetbets Redditors successfully campaigned for dogecoin and this caused its value to skyrocket.



At the time of writing, some crypto enthusiasts on social media are calling on retail crypto investors to join a campaign to pump XRP.


What are your thoughts on XRP’s current price rally? Tell us what you think in the comments section below. Dogecoin Cofounder Faces Harassment While "Meme Coin" Hype Trends Among Investors ALTCOINS | 3 hours ago Dogecoin Price Skyrockets 325%, Crypto Fueled by Elon Tweets and Redditors ALTCOINS | 3 days ago Tags in this story Dogecoin (DOGE), GameStop Bets, Market Capitalization, Polkadot, retail crypto investors, Ripple Labs, Satoshistreetbets, Wallstreetbets, XRP


Image Credits: Shutterstock, Pixabay, Wiki Commons, markets.Bitcoin.com, Messari.io, Twitter, Use Bitcoin and Bitcoin Cash to play online casino games here. Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments

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