XRP is flipped by TON

XRP is flipped by TON

Ripple-affiliated cryptocurrency XRP has fallen below Toncoin (TON) by market capitalization, according to data provided by CoinCodex. The two cryptocurrencies are valued at $27.38 billion and $26.57 billion, respectively.

Ripple-affiliated cryptocurrency XRP has fallen below Toncoin (TON) by market capitalization, according to data provided by CoinCodex. The two cryptocurrencies are valued at $27.38 billion and $26.57 billion, respectively.

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TON, the native cryptocurrency of The Open Network (Telegram Open Network), is up more than 2% in the last 24 hours. Meanwhile, XRP is down 1.55% over the same time period.

It is worth noting that TON managed to outperform 80% of the top 100 cryptocurrency assets in one year, and its price increased by 456% over the past year.

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As reported by U.Today, the TON network has surpassed more than $500 million in total value locked (TVL). Tonstakers, DeDust and STON.fi are the leading projects by market capitalization.

For comparison, XRP It has been one of the worst performing cryptocurrencies in the top 100. That said, as analyst Bill Morgan noted, this is largely due to the fact that the cryptocurrency saw a massive rally last July following Ripple’s partial victory against the SEC. However, it failed to maintain its momentum and reduced its huge gains, making its performance seem disappointing compared to other cryptocurrencies at first glance.

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That said, XRP is still 85.9% below its all-time high, making it one of the worst performing cryptocurrencies along with Cardano (ADA) and Polkadot (DOT).

Meanwhile, XRP remains above TON on CoinGecko, another popular coin tracking website.

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