The XRP market was up 89.5 percent in just a week and 441 percent in a month. However, the XRPL-focused meme coins market is seeing even more exciting price action. Here are all the details…
XRP surge followed by meme coins
As we previously reported on Kriptokoin.com, XRP has witnessed significant growth recently. In the last 30 days, it has outperformed all other top ten cryptocurrencies with an increase of 441.5 percent, triggering excitement among XRP enthusiasts. At a time when the crypto world was excitedly discussing XRP’s enviable performance, a completely unexpected trend emerged in the XRPL-based meme coin market. Some XRPL-based meme coins such as ARMY, BEAR and MAG have shown impressive growth recently.
Given that the meme coin market has fallen by at least 4.2 percent in the last 24 hours, the overall trend in the market looks “less bright”. However, the same is not the case when it comes to the XRPL-based meme coin market. This suggests that this market is currently more inclined to follow the XRP trend than the overall meme coin trend. In the last 24 hours, ARMY, one of the most important XRPL-based meme coins, has attracted attention. Because it recorded an increase of 50 percent. Meanwhile, established meme coins such as DOGE, SHIB, PEPE, BONK, WIF, etc. have seen a modest 1-2 percent rise. This signaled a significant growth in market activity in the XRPL market. Because ARMY trading volume experienced an excellent increase of at least 48 percent.
BEAR also jumped
ARMY is not the only exceptional player in the XRPL-based meme coin market. BEAR’s story is no different. With a massive 30-day surge of 395.6 percent, it has expressed solidarity with ARMY. Notably, in the last 14 days alone, the BEAR market has witnessed a 224.4 percent increase. Reports pointing to an increase in the number of users switching from Solana and Ethereum to XRP Ledger also support the rise.
So, is XRPL taking over the meme coin market? According to experts, no. Because this expectation seems a bit ambitious. The data shows that the XRPL market still has a long way to go if it really wants to become the market leader. Volume analysis reveals this fact. The daily trading volumes of meme coins such as Dogecoin ($11,929,910,703), Shiba Inu ($3,149,361,501), Pepe ($4,666,566,941) and Bonk ($754,672,721) are much higher than ARMY’s $74,388.56 and BEAR’s $2,085,276.
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