As the crypto market rally returns and Polkadot’s DOT token is among them, there have been some major movers.
DOT has flipped Ripple’s XRP in terms of market capitalization, according to figures from leading analytics portal Coingecko, after a massive increase of 26 percent over the past 24 hours. This makes it, by market cap, the current fourth biggest cryptocurrency.
Before retreating slightly to $14.45 at the time of writing, the Polkadot token soared from an intraday low of just below $11 to top out at an all-time high of $14.80. As reported by Coingecko, the big price change has raised its market cap to $13.7 billion.
XRP, on the other hand, over the past 24 hours just achieved a gain of 3.7 percent, which was not enough to carry the cross-border payment token above $0.30. At present, the market cap is just under DOT’s at $13.5 billion.
Stats from Polkadot’s own website estimate that, using a circulation rate of just over one billion tokens, it has an even larger market cap of $14.8 billion. Messari crypto numbers are somewhat close to this and they also illustrate that DOT has flipped XRP with a market cap difference of $3 billion.