- XRP is among the largest cryptocurrencies by market capitalization from the USA and demonstrates daily growth.
- Solana and USDC are equally ranked, with a total market capitalization of over $60 billion.
- Dogecoin, Chainlink, and other new entrants in the industry, such as Suí and Hedera, are emerging.
XRP leads the list of USA-based crypto assets, boasting over $124 billion market cap. Currently, XRP trades at $2.12, and it was up by about 4% within the last 24 hours, showing the investors’ sentiment.
The increase in XRP interest is attributed to Ripple’s ongoing payment services across the globe and integration of the traditional banking system. The current circulating supply of XRP is 58. 27 billion, firmly placing it as the biggest US crypto asset by market capitalization.
Solana comes second in market cap, which is slightly above $60.7 billion. Despite a weekly drop of over 6%, its daily rebound of 3.27% signals resilience. At the time of writing this report, SOL is trading at $118.14, and the network continues to attract developer attention due to the platform’s speed and cost efficiency.
Closely trailing is USDC, which is a stablecoin from Circle and has a very close market cap of $60.54 billion. The price remains anchored at $0.9999 and has a high volume of over $9.6 billion in a 24-hour trading period. These attributes also give it a consistent demand for on-chain settlements and institutional adoption that influence its market cap.
Meme Coins and Oracle Networks Hold Ground
Dogecoin follows next, with a market capitalization of nearly $24.9 billion. Although often associated with the category of ‘meme token, DOGE shows high trading volume, which adds 2.26% daily. With a circulating supply of over 148 billion tokens, it is priced at $0.1672.
Cardano falls behind with a market cap of $22.9 billion. Cardano rose to $0.6501 with a bullish movement for the last seven days. Cardano also recently launched Veridian, a layer that increases private and effective identity services while returning power to users. Cardano’s popularity has been attributed to sustainability and continual academic success.
Chainlink is 11th on the list of cryptocurrencies, with a market capitalization of $8.35 billion. Currently, its native token, LINK, is worth $12.70 and is still on an upward trend due to the ever-increasing demand for decentralized data oracles. With more than 657 million tokens in the circulating supply, Chainlink is vital for smart contracts across different blockchains.
Emerging Players Build Momentum
Stellar and Avalanche remain to be on an upward trend. Stellar’s XLM trades at $0.2540 with a market cap of $7.81 billion, while Avalanche’s AVAX commands $7.45 billion despite recent volatility. They are both deployed for fast and cheap transactions and are suitable for enterprise and DeFi use cases.
Sui, the latest entrant into the league, is currently priced at $2.21 with an overall market value of $7.19 billion. Its recent growth points to increased interest in next-gen blockchain infrastructure. Similarly, Hedera (HBAR) continues to remain stable at a $6.76 billion capitalization. This is largely fuelled by enterprise collaborations and the hashgraph consensus algorithm.
Litecoin and Bitcoin Cash are the tenth and eleventh largest US-based coins in terms of market cap, valued at $6.22 billion and $5.94 billion corresponding to the current coin supply. Litecoin, at $82.36, still remains popular as a lighter version of Bitcoin. Currently, Bitcoin Cash is trading at $299.31 and holds the ability to offer fast and inexpensive P2P transactions.
