XRP Overtakes Multi-Billion Dollar Companies, Including This Global Oil Firm
Main Idea
Ripple's XRP has surpassed Royal Dutch Shell in market capitalization, highlighting the growing prominence of digital assets in the global economy.
Key Points
1. XRP's market cap surged to $211.41 billion, overtaking Shell's valuation of $205.92 billion.
2. XRP's value has appreciated by over 500% since July 2024, reaching a new all-time high of $3.65.
3. Over 10,000 new XRP accounts were created in a single day in mid-July, with total value locked (TVL) exceeding $92 million.
4. Shell, a major global oil company, recorded $284 billion in revenue and $16.5 billion in net income in 2024 but has seen its valuation capped at around $206 billion.
5. XRP's rise reflects broader trends of digital assets challenging traditional economic powerhouses, with increasing adoption among retail and institutional investors.
Description
In a landmark development that underscores the rapidly shifting landscape of global finance, Ripple’s XRP has officially surpassed Royal Dutch Shell in market capitalization. As reported by Coin Bureau, XRP’s market cap surged to $211.41 billion, overtaking Shell’s valuation of $205.92 billion. This milestone marks a symbolic crossover in which a digital asset has now eclipsed a century-old oil conglomerate, once considered untouchable among the world’s economic giants. XRP’s Meteoric Rise to a ...
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