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Coin Edition 2024-12-02 08:53:21

XRP Climbs to Third Rank as Altcoins ALGO, SOL, THETA Surge

XRP surges to $2.5, flipping BNB and Solana in market capitalization. WIF, SOL, ALGO, and THETA prepare for the crypto market’s next move. Analysts predict $250,000 BTC in the next 12 months. Ripple’s token, XRP, surged to $2.5 early Monday, overtaking BNB and Solana to secure the third position among cryptocurrencies on CoinMarketCap. The rally aligns with growing market optimism and significant adoption moves by governments and institutions driving demand for digital assets. In a podcast , the Altcoin Daily presenter highlighted Russian President Vladimir Putin’s decision to sign legislation recognizing cryptocurrency as property. This move exempts Bitcoin mining and sales from VAT, positioning Russia ahead of the U.S. in crypto-friendly policies. Meanwhile, the incoming U.S. president has pledged to make the country the global crypto hub, with plans to implement supportive measures. Considering the recent developments, many crypto analysts are reviewing their Bitcoin price predictions, with most increasing their targets to between $225,000 and $250,000 BTC in 2025. Analysts believe that Trump’s resumption in office as the next U.S. President in t… The post XRP Climbs to Third Rank as Altcoins ALGO, SOL, THETA Surge appeared first on Coin Edition .

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