XRP has been on fire lately, with more than 440% increase over the past 30 days, outpacing all other top10 cryptocurrencies.
This boom ignited a wave of enthusiasm among XRP fans, but there’s an unexpected twist happening with memecoins on the XRPL.
Memecoin mania everywhere
While the memecoin market has dipped by about 4.2% in the last 24 hours, XRPL-based memecoins like ARMY and BEAR are defying the trend.
In fact, ARMY has seen a rise of 50.2% in just one day, and that’s a far cry from Dogecoin’s drop of -2.4% and Shiba Inu’s slight decline of -0.1%. ARMY’s trading volume has also surged by 48%, signaling pretty strong interest.
But ARMY isn’t alone in this rally, because the another super-popular memecoin BEAR has also been making headlines with 395% increase over the past 30 days and a solid 224% rise in just the last two weeks.
It seems like more users are shifting from platforms like Solana and Ethereum to the XRPL, which is quite the trend! When XRP.fun?
New champion on the memecoin field?
Now, does this mean XRPL is taking over the memecoin scene? Not quite yet! While ARMY and BEAR are showing indeed impressive gains, they still have a long way to go compared to giants like Dogecoin and Shiba Inu.
For perspective, Dogecoin boasts daily trading volumes of around $11.9 billion, while ARMY only managed about $74,388 in comparison, only a fragment.
XRP’s performance is quite nice
But let’s not overlook XRP’s recent achievements either, as it has climbed to become the third-largest cryptocurrency by market cap, surpassing Tether again.
Speculation surrounding potential XRP ETFs and improving regulatory clarity is fueling this growth, providing much-needed optimism for investors.
Now it’s clear that while memecoins on the XRPL are gaining traction, they still have some catching up to do in terms of market volume, but with XRP leading the charge and a growing interest in these memecoins, it looks like there could be more growth on the horizon.
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