$XRP now twice as big as Coinbase, here's why xrpsec ripplesec ripplexrp xrp xrparmy xrpcommunity ripple coinbase coin $coin
, one of the largest cryptocurrency exchanges. The paradox came about as a result of the exchange's record low share price, which dipped below $40.8 after another round of capitulation of crypto-related stocks. While Coinbase has a market capitalization of $9.6 billion now,Coinbase, which peaked at $76.9 billion, fell below $10 billion for the first time since its IPO.
In addition to the overall negative sentiment on the crypto market, the COIN price is under additional pressure from rumors of the exchange's possible bankruptcy that emerged from the Grayscale story. The exchange itself has denied all such speculation.XRP, on the other hand, has shown a more positive trend in recent weeks after the FTX dip. At the end of the past week, its price was up 5.87% and even overtook Bitcoin in terms of momentum.
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