ARMY: The XRP-Based Meme Coin That Rocks the Crypto Market!

Bittime - XRP based memecoin is a hot topic of conversation among crypto lovers. One of the XRP memecoins that is currently on the rise is ARMY. Keep reading this article to find out more about this XRP-based memecoin!

In recent weeks, XRP managed to break its highest level in seven years with an increase of more than 400% in just a week. 

Meanwhile, meme coins on the XRP Ledger (XRPL) network also felt a positive impact, experiencing a big spike that attracted the attention of crypto users from other blockchains.

ARMY Memecoin Marketcap Rises Sharply

One of the trending coin memes is ARMY, which was released about 18 months ago. The name ARMY itself refers to the XRP support community called the "XRP Army," which is now increasingly solid. 

On November 26, ARMY still had a market capitalization of less than $1 million. However, in just a short time, this coin soared rapidly to reach more than $90 million on the previous Sunday. 

Read also: Top 5 Hype Coin XRP Memes December 2024

Even though ARMY's market capitalization has now fallen to around $47 million, this incredible price surge has brought huge profits to traders who initially bought small amounts of ARMY. 

One of them made profits of more than $100,000 in just 21 days, from capital of $478, according to data from DEX Screener.

ARMY's Memecoin Marketcap Rises Rapidly

This large increase in the market capitalization of meme coins like ARMY has attracted the attention of crypto players from various other large ecosystems such as Solana and Ethereum. 

Some crypto experts have even created special tutorials to help others start investing in the meme coin XRP market. This tutorial covers trading tools such as FirstLedger (Telegram based trading bot), XRP wallet Xaman, And Magnetic X, a decentralized exchange (DEX) on XRPL. 

Although the trading volume of meme coin XRP is increasing, ARMY's trading volume is still far behind compared to meme coins traded on other blockchains, such as Solana, which recorded a trading volume of more than $10 million in the last 24 hours.

Read also: Bullish Continues: This XRP Memecoin Is Exploding

The Future of XRP-based Memecoins Is Doubtful

However, despite the huge surge, not everyone is optimistic about the future of the meme coin market on XRPL. Some groups, such as the anonymous crypto personality known as Noodles, emphasized that they were reluctant to get involved in trading meme coin Ripple, considering the potential risks involved. 

Despite much skepticism, the price surge of XRP overtaking Tether and becoming the third largest crypto asset by market capitalization shows the huge potential for ARMY and the meme coin ecosystem in XRPL. 

All this comes amidst speculation about the launch XRP exchange-traded funds (ETF) and hopes for clearer regulatory clarifications, further boosting investor confidence.

Read also: If an XRP ETF is Approved: Which Cryptos Will Skyrocket and When is the Best Time to Buy?

FAQ About ARMY

What is the XRP meme coin?

Memecoin XRP is a token dedicated to the XRP community.

Does XRP have a meme coin?

On the XRP Ledger, meme coins have been gaining traction. ARMY, a token inspired by the XRP Army community, saw its market capitalization jump from less than $1 million to more than $90 million in a few days.

How How to Buy Meme Coins in XRP?

• Visit the First Ledger website.

• Click the token you want to buy.

• Select copy URL from the right side menu.

• Paste the URL into the First Ledger Telegram bot to open the buy menu.

• Choose how much you want to buy.

• The bot will then send a transaction confirmation.

How to Buy Crypto on Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Also, visit the Bittime Blog for interesting updates and educational information about the crypto world. Find reliable articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your crypto knowledge.

Reference: 

Coingecko, Top XRP Ledger Ecosystem Coins by Market Cap, accessed December 7, 2024.

Decrypt, XRP Meme Coins Like ARMY Are Blowing Up Right Now, accessed December 7, 2024.

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