XRP, featured on one of the most widely read financial blogs, has secured its position among the most important cryptocurrencies, following Bitcoin. Despite slipping from the top five in market capitalization over the past year, Investopedia recognizes XRP as a crucial asset for investors, alongside Bitcoin.
Investopedia’s ranking considers cryptocurrencies that have endured significant price fluctuations. Ethereum and Tether’s USDT stablecoin take the top spots, with XRP ranking third. The blog article highlights the distinctive consensus model of XRP, where client applications transmit data to XRP Ledger servers for validation and processing by validators. This sets XRP apart from cryptocurrencies like Bitcoin (Proof-of-Work) and Ethereum (Proof-of-Stake).
Beyond serving as valuable educational content for crypto newcomers, Investopedia’s acknowledgment reaffirms XRP’s established status among alternative cryptocurrencies. The longevity of the XRP Ledger, operational since 2012, underscores its position as one of the oldest blockchain networks.
An analysis of XRP’s price performance post-Investopedia’s mention suggests that investors may have realized profits if they followed the blog’s recommendation.
XRP has surpassed the $0.70 mark since the publication of the Investopedia article.
On August 25, 2023, the day Investopedia released its ranking of major cryptocurrencies excluding Bitcoin, XRP was trading at an average of $0.51. Since that time, the cryptocurrency has experienced a notable increase, reaching as high as $0.70 in the initial week of November.
Despite a subsequent decrease in value, the current price of XRP at $0.53 indicates that an investor who entered the market on the earlier date would still be in a profitable position. Regardless, favorable mentions of XRP, particularly in widely read publications, are expected to play a significant role in influencing public perceptions of the cryptocurrency and facilitating broader adoption.