XRP (XRP) is one of the most talked-about cryptocurrencies right now.
The popular payments token is rallying, breaking old records and pushing its market cap to new heights.
It’s already blown past $2.50, and the momentum keeps building.
But XRP isn’t the only one soaring; newcomer Best Wallet (BEST) is also turning heads, having passed the $2 million mark in its ICO earlier today.
XRP Price Explodes as Token Passes Ethereum in Daily Trading Volume
XRP is on fire, capturing the attention of traders worldwide.
It surged as high as $2.90 earlier today before taking a break – XRP’s highest price since January 2018.
Despite this slight dip, XRP’s market cap has soared to a record-breaking $143 million.
This pushes it past Tether and Solana to become the third-largest crypto globally.
But the excitement doesn’t end there.
XRP’s trading volume is through the roof, surpassing Ethereum to take the third spot in the world.
Clearly, investors are interested in snagging some XRP tokens.
Derivatives markets also show bullishness, with open interest at $2.9 billion and the long-short ratio quoted at 1.82.
However, experienced traders are staying vigilant.
While everyone’s hyped about XRP, some believe price might need to cool down temporarily before it can climb higher.
Still, with such strong fundamentals and market support, many believe the token’s rally is far from over.
Why is XRP Pumping? SEC Shakeup & Stablecoin News Prompts Investor Demand
A few key factors have created the perfect conditions for XRP’s price rally.
The news of SEC Chair Gary Gensler stepping down in January has definitely fueled some of this bullishness.
Investors are hoping for more relaxed regulations in the future, and that’s got them excited.
Ripple’s upcoming stablecoin, RLUSD, is also generating a ton of buzz.
There’s a rumor that the New York Department of Financial Services might give it the green light as early as this week.
And there’s more.
Big players are making some serious moves when it comes to XRP, especially on US exchanges.
On Coinbase, the XRP/USD trading pair is extremely hot, making up over 20% of the exchange’s trading volume yesterday.
Kraken saw similar action, and Binance has the XRP/USDT pair leading the way with 12% of their volume.
All of these factors have helped XRP’s price explode in the past few days.
Best Wallet Token ICO Passes $2M as Multi-Chain Features & High-Yield Staking Attract Investors
XRP might be the talk of the market, but another crypto project is beginning to gain traction behind the scenes.
Best Wallet is making a name for itself, having hit the $2 million funding milestone in its ICO today.
Since opening to the public, Best Wallet has already matched the $1 million raised during its private sale – and things are only heating up.
Right now, investors can snag BEST tokens for $0.0229 each using either crypto or a bank card.
However, that price will increase when the next stage begins in less than 24 hours.
The excitement around Best Wallet isn’t just because of its ICO success.
This platform is grabbing attention due to its multi-chain capabilities, which help it support a huge range of coins across more than 60 blockchains.
Also, it’s a non-custodial wallet, meaning users are always in control of their assets.
And despite these advanced features, Best Wallet keeps everything user-friendly with a simple interface for managing and trading crypto.
At the core of all this is the new BEST token.
Token holders can stake BEST for rewards, get early access to new crypto launches, and enjoy lower fees across Best Wallet’s ecosystem.
That’s why crypto expert Austin Hilton called it the “best crypto wallet for all your crypto needs.”
Hilton’s comments have gone down well in the Best Wallet Telegram community.
With additional portfolio management tools coming soon, Best Wallet seems to be ticking all the right boxes for both new traders and experienced investors.
