Bitcoin
Bitcoin (BTC)
$64,767.00 -0.78655
Bitcoin price
Ethereum
Ethereum (ETH)
$3,436.17 -1.30364
Ethereum price
BNB
BNB (BNB)
$573.42 -1.032
BNB price
Solana
Solana (SOL)
$159.03 -0.80735
Solana price
XRP
XRP (XRP)
$0.5815710 -4.38562
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000183 -5.75409
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000118 -4.8367
Pepe price
Bonk
Bonk (BONK)
$0.0000271 -4.02289
Bonk price
Bitcoin
Bitcoin (BTC)
$64,767.00 -0.78655
Bitcoin price
Ethereum
Ethereum (ETH)
$3,436.17 -1.30364
Ethereum price
BNB
BNB (BNB)
$573.42 -1.032
BNB price
Solana
Solana (SOL)
$159.03 -0.80735
Solana price
XRP
XRP (XRP)
$0.5815710 -4.38562
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000183 -5.75409
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000118 -4.8367
Pepe price
Bonk
Bonk (BONK)
$0.0000271 -4.02289
Bonk price
Bitcoin
Bitcoin (BTC)
$64,767.00 -0.78655
Bitcoin price
Ethereum
Ethereum (ETH)
$3,436.17 -1.30364
Ethereum price
BNB
BNB (BNB)
$573.42 -1.032
BNB price
Solana
Solana (SOL)
$159.03 -0.80735
Solana price
XRP
XRP (XRP)
$0.5815710 -4.38562
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000183 -5.75409
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000118 -4.8367
Pepe price
Bonk
Bonk (BONK)
$0.0000271 -4.02289
Bonk price
Bitcoin
Bitcoin (BTC)
$64,767.00 -0.78655
Bitcoin price
Ethereum
Ethereum (ETH)
$3,436.17 -1.30364
Ethereum price
BNB
BNB (BNB)
$573.42 -1.032
BNB price
Solana
Solana (SOL)
$159.03 -0.80735
Solana price
XRP
XRP (XRP)
$0.5815710 -4.38562
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000183 -5.75409
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000118 -4.8367
Pepe price
Bonk
Bonk (BONK)
$0.0000271 -4.02289
Bonk price

Lido Staked Ether takes over XRP in market cap as Ethereum reached $3.2k

lido-staked-ethereum-xrp-market-cap
Edited by
Markets
Lido Staked Ether takes over XRP in market cap as Ethereum reached $3.2k

Lido Staked Ether has surpassed XRP to become the sixth-largest cryptocurrency, with a market cap of over $31 billion. 

Lido Staked Ether’s (stETH) bullish market is largely attributed to Ethereum’s significant gains this month, as the second-largest cryptocurrency reached $3,200 today and a 40% surge for the token in February alone. 

Dune analytics data shows that Ether deposits on Lido are nearing 10 million ETH, as the protocol hasn’t seen any net outflows since Dec. 19th. Currently, Lido Staked Ether accounts for 35% of all EH deposits on EigenLayer, one of the leading platforms that provide access to the Ethereum staked capital.

Lido Staked Ether represents a tokenized version of staked Ethereum in the Ethereum 2.0 Beacon Chain, facilitated by the Lido decentralized finance (defi) protocol. Lido enables users to stake their Ethereum without locking the assets or maintaining staking infrastructure, thereby addressing some of the key limitations associated with the Ethereum 2.0 staking mechanism.

Lido Staked Ether net deposits
Lido Net Deposits | Source: Dune

At the same time, XRP is underperforming the market rally, losing nearly 2.5% in a week. Despite Bitcoin, Ethereum, and Solana recording notable gains today, XRP’s price has only seen a 0.5% increase. 

XRP traders are showing a rather cautious sentiment in the market, as the ongoing battle with the SEC is still far from over. If the ruling favors the SEC, it could see XRP paying $2.64 billion in penalties, making 2024 the most profitable financial year for the commission. 

https://twitter.com/AshleyPROSPER1/status/1761792125761454387?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1761792125761454387%7Ctwgr%5E63409da13651f0e25ca4b4a9fdc7958c63db75f3%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftimestabloid.com%2Fxrp-lawsuit-sec-focuses-on-2-64-billion-penalty-from-ripple%2F

Despite XRP’s disappointing performance this year, whales have invested $40 million in XRP over the last 10 days. This could suggest a potential buying the dip for the altcoin, which could eventually push XRP to break beyond its resistance level at $0.58 in March.