Bitcoin
Bitcoin (BTC)
$107,993.00 0.1397
Bitcoin price
Ethereum
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$2,501.57 0.39775
Ethereum price
BNB
BNB (BNB)
$652.72 0.04082
BNB price
Solana
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$146.69 0.43669
Solana price
XRP
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$2.21 -0.39789
XRP price
Shiba Inu
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$0.0000114 1.18195
Shiba Inu price
Pepe
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$0.0000097 0.65674
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$0.0000183 11.27224
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dogwifhat
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$0.827056 -0.95383
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$0.294318 -0.19365
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Bitcoin
Bitcoin (BTC)
$107,993.00 0.1397
Bitcoin price
Ethereum
Ethereum (ETH)
$2,501.57 0.39775
Ethereum price
BNB
BNB (BNB)
$652.72 0.04082
BNB price
Solana
Solana (SOL)
$146.69 0.43669
Solana price
XRP
XRP (XRP)
$2.21 -0.39789
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000114 1.18195
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000097 0.65674
Pepe price
Bonk
Bonk (BONK)
$0.0000183 11.27224
Bonk price
dogwifhat
dogwifhat (WIF)
$0.827056 -0.95383
dogwifhat price
Popcat
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$0.294318 -0.19365
Popcat price
Bitcoin
Bitcoin (BTC)
$107,993.00 0.1397
Bitcoin price
Ethereum
Ethereum (ETH)
$2,501.57 0.39775
Ethereum price
BNB
BNB (BNB)
$652.72 0.04082
BNB price
Solana
Solana (SOL)
$146.69 0.43669
Solana price
XRP
XRP (XRP)
$2.21 -0.39789
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000114 1.18195
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000097 0.65674
Pepe price
Bonk
Bonk (BONK)
$0.0000183 11.27224
Bonk price
dogwifhat
dogwifhat (WIF)
$0.827056 -0.95383
dogwifhat price
Popcat
Popcat (POPCAT)
$0.294318 -0.19365
Popcat price
Bitcoin
Bitcoin (BTC)
$107,993.00 0.1397
Bitcoin price
Ethereum
Ethereum (ETH)
$2,501.57 0.39775
Ethereum price
BNB
BNB (BNB)
$652.72 0.04082
BNB price
Solana
Solana (SOL)
$146.69 0.43669
Solana price
XRP
XRP (XRP)
$2.21 -0.39789
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000114 1.18195
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000097 0.65674
Pepe price
Bonk
Bonk (BONK)
$0.0000183 11.27224
Bonk price
dogwifhat
dogwifhat (WIF)
$0.827056 -0.95383
dogwifhat price
Popcat
Popcat (POPCAT)
$0.294318 -0.19365
Popcat price

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

Brian Stone
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.