DOT, the local token of the Polkadot network, rose more than 40% in just 24 hours, surpassing XRP in third place by market volume. Since January 11, the token has set an all-time high (ATH) of $ 18.06 on January 16, and has risen by over 100%.

 

 

Polkadot managed to get ahead of XRP

While its market cap is currently over $ 16.8 billion, the DOT token has surpassed XRP by $ 4 billion. However, before the explosion on December 23, 2020, the market value of the Polkadot token was just under $ 4.5 billion and its average price was $ 4.70. However, from then until January 3, the token increased by more than 100%, closing at $ 10.35.

Still, after this initial price hike, the token stabilized briefly below $ 10.35 before dropping to $ 7.61 on January 11. After this short withdrawal, the token started the rally and managed to take the third position of XRP.

 

XRP struggles with delists

Meanwhile, XRP continues to be delisted by some cryptocurrency exchanges. Since the takedowns from the list, the XRP token has dropped from its December 17th high to its current price of $ 0.28.

Also, the Kraken crypto exchange announced it will stop trading XRP tokens on January 29. This is likely to put more pressure on the token. However, this move is expected to only affect customers in the US.

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