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Home»TRADING NEWS»Ripple CTO reacts to Ripple (XRP) becoming 3rd largest cryptocurrency, but a new fierce rival is getting closer to Solana (SOL)
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Ripple CTO reacts to Ripple (XRP) becoming 3rd largest cryptocurrency, but a new fierce rival is getting closer to Solana (SOL)

By Crypto FlexsDecember 11, 20244 Mins Read
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Ripple CTO reacts to Ripple (XRP) becoming 3rd largest cryptocurrency, but a new fierce rival is getting closer to Solana (SOL)
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Now ranked third among all cryptocurrencies in the world, Ripple has recently scaled back its activity. Not only is this a great day for XRP’s leaders, it’s also an important day for Ripple’s Chief Technology Officer (CTO), who has been with the company for 12 years. XRP is gaining notable traction in the market, with a sharp price rise of 83.57% over the past few days. As of this writing, the token is worth $2.6.

With this incredible surge, XRP has solidified its position as the leading digital asset, surpassing stablecoin giant Tether (USDT) and well-known “Ethereum killer” Solana (SOL). However, despite XRP’s newfound success, the competitive landscape is changing. Solana and the new challenger, lexas finance (RXS) is making significant progress and both could pose a challenge to XRP’s dominance.

Ripple milestone achieved

XRP’s explosive rise into the top three can be attributed to increasing institutional acceptance and an increasingly friendly legal environment.

Ripple’s ability to negotiate legal issues has boosted investor confidence and generated notable inflows. In a recent commentary, David Schwartz expressed satisfaction with XRP’s expansion and attributed XRP’s success to Ripple’s strong community and innovative attitude. “It’s been an incredible path,” said Schwartz, considering his 12-year career.

The foundation of XRP’s success is its resilience and ongoing support from the community. XRP is also expanding its use cases, riding this momentum, particularly in decentralized finance (DeFi) and cross-border payments, which helps position the cryptocurrency as a major actor in the upcoming phase of blockchain development.

Solana Persistent Challenger

Known for its scalability and fast transactions, Solana has evolved into the platform of choice for decentralized apps (dApps) and non-fungible tokens (NFTs). Despite XRP taking third place, Solana is still a strong rival. Solana maintained its leadership position thanks to recent changes, including improvements to its basic infrastructure and partnerships with well-known companies. Solana’s emphasis on interoperability and environmental growth could help it regain lost ground, according to analysts.

Rexas Finance (RXS): A rising star

Despite the competition between XRP and Solana, Rexas Finance (RXS) has emerged as a strong alternative, garnering attention with its new platform and aggressive pre-sale success. Rexas Finance is currently in its 9th pre-sale round at $0.125 per token, having raised over $22.4 million and sold over 303.5 million tokens.

Rexas Finance stands out for its real-world applications, especially in real estate tokenization and decentralized finance. Rexas Finance hopes to establish itself as a major player in the blockchain space by solving the inefficiencies of the traditional financial system.

Rexas Finance’s creative platform establishes fractional ownership of real-world objects and allows users to tokenize real-world assets, enabling high-value investments not accessible only to wealthy individuals. With Rexas Launchpad, the platform helps entrepreneurs and inventors generate revenue quickly, enabling the introduction of new tokens in a user-friendly manner.

Rexas Finance has already achieved several significant achievements. Listing on sites like CoinMarketCap and CoinGecko increases the reputation and visibility of your token. CertiK’s assessment also highlights the project’s commitment to openness and security.

Adding to the buzz is Rexas Finance’s ongoing $1 Million Giveaway, which will award $50,000 worth of RXS tokens to 20 winners each. While encouraging community participation, the project demonstrated the token’s high growth investment potential. Rexas Finance is using its pre-sales success and unique value proposition to create a clear identity. Almost ready to list and with significant community support, RXS is positioned to shake up the market, upending major players like XRP and Solana.

conclusion

XRP’s rise to the third-largest cryptocurrency ranking is a testament to its stability and usefulness. Nonetheless, the rapidly changing cryptocurrency market requires investors to be alert. Investors seeking significant returns may find Solana’s innovative approach and Rexas Finance’s aggressive expansion strategy attractive. The decision between these tokens for investors depends on their individual risk tolerance and investment objectives. Solana offers speed and scalability, XRP provides stability with proven use cases, and Rexas Finance is a fast-growing cryptocurrency that promises exponential growth. There could be changes to the cryptocurrency hierarchy in the coming months, and each coin has a strong case to drive these changes.

To learn more about Rexas Finance (RXS), visit the link below:

Website: https://rexas.com

WIN $1 MILLION PRIZE: https://bit.ly/Rexas1M

white book: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

telegram: https://t.me/rexasfinance


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