Ripple’s XRP Price Prediction for 2022
- Date: 26-Dec-2021
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
Ripple’s XRP Price Prediction for 2022
2021 was a particularly bullish year for Ripple’s XRP and the broader crypto market. A number of the crypto majors, including Bitcoin (BTC) and Ethereum (ETH) struck new all-time highs late in the year.
Increased adoption and greater market awareness of NFTs, the metaverse and Web 3.0 drove the market cap from a January year-low $736bn to a November year high $3,009bn. The total crypto market cap stood at $2,380bn at the time of writing.
Demand for alt-coins were also on the rise with Bitcoin’s (BTC) dominance taking a hit. BTC dominance had stood at 73.63% in January before sliding to a 2021 year low 39.56% in September. BTC dominance stood at 40.1% at the time of writing.
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