DOT flip: Polkadot overtakes XRP to become the fourth largest cryptocurrency.

[Malam90]

DOT is on fire today as it surges up the market cap charts to fourth spot.
There have been some big movers as the crypto market rally resumes and Polkadot’s DOT token is among them.

According to figures from leading analytics portal Coingecko, DOT has flipped Ripple’s XRP in terms of market capitalization following a massive gain of 26% over the past 24 hours. This makes it the new fourth largest cryptocurrency by market cap.

The Polkadot token has surged from an intraday low of just below $11 to top out at an all-time high of $14.80 before retreating slightly to $14.45 at the time of writing. The big price move has pushed its market cap to $13.7 billion as reported by Coingecko.

XRP, conversely, has only managed a gain of 3.7% over the past 24 hours which has not been enough to take the cross-border transfer token above $0.30. Its market cap is currently just below DOT’s at $13.5 billion.

Stats from Polkadot’s own platform estimate it has an even higher market cap of $14.8 billion using a circulation figure of just over one billion tokens. Messari crypto stats are very similar to this and they also show DOT having flipped XRP with a $3 billion difference in market cap. Source Link