XRP Reaches Nearly 6% of Bitcoin Market Cap

Grayscale Investments has released new data showing that XRP's market cap is now nearly 6% of Bitcoin's valuation. This means XRP has surpassed other assets in Grayscale's currency-focused crypto sector, including Zcash, Monero, and Litecoin.

The 30-day average market cap ratio shows XRP at around 5-6%, with a current market capitalization of approximately $94.08 billion and Bitcoin's market cap at about $1.678 trillion.

This puts XRP well ahead of other assets in the sector, including Zcash, which has only recently climbed above 1% of Bitcoin's market cap.