Solana Surpasses XRP Market Cap Again, but Analyst Still Favors Ripple’s Innovation as Better Than Bitcoin

Temporary Flip in Market Value Miles Deutscher recently posted that Solana (SOL) had briefly flipped XRP to become the fifth-largest cryptocurrency by market capitalization. Solana rallied 9.1% in a single day to reach this milestone, as CoinDesk noted the price surge corresponds with growing DeFi activity and meme coin mania around Solana.

However, XRP has since regained its position as the #5 crypto with a market value of $33 billion. Solana trails slightly at $32.7 billion even after rising 14% today and 20% over the last week. So while SOL remains hot, the flip appears to have been short-lived.

XRP’s History of Innovation In response, EDO FARINA pointed out why the XRP ledger remains technologically superior to Bitcoin. He tracks XRP’s origins back to 2004 when Ryan Fugger created Ripplepay to build a decentralized payment system. In 2011, developers Arthur Britto, David Schwartz, and Jed McCaleb launched the XRP ledger and its consensus mechanism years before Bitcoin mining began.

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Britto and Schwartz created XRP to solve major issues like energy consumption and carbon emissions – problems Bitcoin still struggles with. Given Schwartz’s NSA background and Britto’s anonymity, FARINA speculates they may actually be the minds behind Bitcoin too.

Quoting FARINA: “I wouldn’t be surprised if Bitcoin‍ is the test (Beta Test Coin) and XRP is the final realization.”

Conclusion

While Solana’s market cap briefly jumped ahead due to short-term hype, XRP still leads in long-term utility and innovation. For investors focused on sustainable adoption over speculation, XRP remains the superior option despite Solana’s temporary flip.

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Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.

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