This year’s worst-performing top 10 crypto is XRP
Even after today’s 4% retracement off October’s near-record highs for crypto prices, most major assets have rallied year-to-date. Bitcoin has added 66% to its market capitalization while smaller assets like Dogecoin and BNB have nearly doubled. In fact, every top 10 crypto asset has posted positive or neutral performance in 2024 except one: XRP. With total crypto market capitalization $680 billion higher than January 1, holders of XRP are disappointed, to say the least. Even troubled stablecoins like tether — with its 19 run-ins with the US government, including a Manhattan US Attorney investigation this month — have performed better than the Ripple-promoted coin. The pain is even more acute after Ripple partially prevailed in the highest-profile lawsuit in crypto history and earned a ruling from Judge Analisa Torres that many secondary transactions of XRP purchases by retail investors were not securities transactions. Year-to-date, XRP is down 17% and has shed ...