The XRP token from Ripple rose to seventh place in the list of digital assets by market capitalization, at $27 billion, according to CoinGecko.
The changes in the ranking are not due to XRP’s rise, but to a more pronounced fall of its competitor Solana (SOL) amid the project’s network outage for 48 hours. Over the past week the asset’s price collapsed by 44.5% versus 27.4% for XRP.
The Solana developers blamed the network outage on spam bots that began flooding transaction requests. Users were promised compensation.
As of writing, Solana’s market capitalization stood at $25.9 billion, according to CoinGecko. On January 24, the cryptocurrency price fell to a five-month low of $81.
Earlier, CoinGecko specialists calculated that investments in Solana were the most profitable in 2021 among the top-30 coins.
Back in November 2021, the head of the Bitcoin exchange FTX, Sam Bankman-Fried, said that thanks to its scalability Solana could not only become a leading blockchain protocol, but also become the new Ethereum or Bitcoin.
In January 2022, Bank of America analysts predicted Solana Visa status in the world of cryptocurrencies.
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