The post Ripple’s RLUSD Flips BONK as Crypto Consolidation Deepens appeared on BitcoinEthereumNews.com. Ripple USD (RLUSD) stablecoin has surpassed the BONK meme coin in key metrics, such as market capitalization and trading volume. According to CoinMarketCap data, RLUSD is now ranked the 69th biggest cryptocurrency by market capitalization. RLUSD flips BONK in market cap ranking  RLUSD, a stablecoin pegged 1:1 to the U.S. dollar, currently has a market capitalization of $1.02 billion. BONK, on the other hand, has a market capitalization of $1.01 billion, making it the 70th biggest crypto in the coin market ranking. Besides market cap, RLUSD also displaced the BONK meme in trading volume. In the past 24 hours, the RLUSD trading volume surged 61.39% to $146.09 million. In a similar move, the BONK trading volume jumped 23 % to $145.6 million. BONK is a Solana-based meme coin with a circulating supply of 82 trillion tokens. The meme coin is known for its community-driven airdrop and speculative appeal. The meme token has seen a more than 5.4% price decline over the past 24 hours and is underperforming in some indices. This is likely contributing to the plunge in its market capitalization. You Might Also Like Why RLUSD outperformed BONK  In contrast, RLUSD has gained increased adoption from both retail and institutional investors. RLUSD, developed by Ripple, is designed for reliability and blockchain efficiency. Its price stability also makes it a reliable store of value amid meme coin volatility. Notably, RLUSD has attained some important milestones this November. According to a U.Today report, Ripple USD officially crossed the $1 billion market capitalization mark on Nov. 3. This growth is fueled by increased adoption among retail and institutional investors. For instance, Ripple collaborated with Mastercard, boosting the stablecoin’s credibility and adoption, attracting capital from traditional finance. This contrasts with BONK’s reliance on retail sentiment, which can be fickle. Through the partnership, Ripple plans to… The post Ripple’s RLUSD Flips BONK as Crypto Consolidation Deepens appeared on BitcoinEthereumNews.com. Ripple USD (RLUSD) stablecoin has surpassed the BONK meme coin in key metrics, such as market capitalization and trading volume. According to CoinMarketCap data, RLUSD is now ranked the 69th biggest cryptocurrency by market capitalization. RLUSD flips BONK in market cap ranking  RLUSD, a stablecoin pegged 1:1 to the U.S. dollar, currently has a market capitalization of $1.02 billion. BONK, on the other hand, has a market capitalization of $1.01 billion, making it the 70th biggest crypto in the coin market ranking. Besides market cap, RLUSD also displaced the BONK meme in trading volume. In the past 24 hours, the RLUSD trading volume surged 61.39% to $146.09 million. In a similar move, the BONK trading volume jumped 23 % to $145.6 million. BONK is a Solana-based meme coin with a circulating supply of 82 trillion tokens. The meme coin is known for its community-driven airdrop and speculative appeal. The meme token has seen a more than 5.4% price decline over the past 24 hours and is underperforming in some indices. This is likely contributing to the plunge in its market capitalization. You Might Also Like Why RLUSD outperformed BONK  In contrast, RLUSD has gained increased adoption from both retail and institutional investors. RLUSD, developed by Ripple, is designed for reliability and blockchain efficiency. Its price stability also makes it a reliable store of value amid meme coin volatility. Notably, RLUSD has attained some important milestones this November. According to a U.Today report, Ripple USD officially crossed the $1 billion market capitalization mark on Nov. 3. This growth is fueled by increased adoption among retail and institutional investors. For instance, Ripple collaborated with Mastercard, boosting the stablecoin’s credibility and adoption, attracting capital from traditional finance. This contrasts with BONK’s reliance on retail sentiment, which can be fickle. Through the partnership, Ripple plans to…

                                                                               Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday.                     The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction.  “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more