10x Research: BTC market share drops to 56%, XRP may surpass SOL to become the third largest cryptocurrency
10x Research pointed out in its market analysis that the market value of cryptocurrencies has soared to $3.43 trillion, and Bitcoin's dominance has dropped from 60% to 56%. A higher overall market value coupled with a continuously declining Bitcoin dominance is often seen as a sign of altcoin season. In cryptocurrency, market theories tend to be self-fulfilling because beliefs drive momentum.
Since November 17th, Solana (SOL) has remained relatively stable while other major altcoins have performed excellently. Ethereum (ETH) rose nearly +18%, Ripple (XRP) soared +70%. The market cap gap between Solana and Ripple is now only $6 billion, which means there could be a "turnaround" within a few days where Ripple might become the third most valuable cryptocurrency.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Esprinet announces publication of consolidated half-year financial report as of June 30, 2026
Retreat signal? "Big short" closes bearish options on Nvidia and Palantir
"Big short" Michael Burry has fully reduced risk by closing his Nvidia and Palantir put options that expire in December 2026 to avoid time value erosion. However, he still holds 2027 put options for both companies and maintains short positions in several tech stocks. Meanwhile, Jensen Huang reposted data showing GPU rental prices increased by 22% month-on-month to counter Burry's core bearish argument regarding the overestimated depreciation period of chips.
Crypto prices
More
