XRP Ledger Meme Coin Strengthens: ARMY, BEAR, and MAG
2024-12-09
Bittime - With the XRP price that showing significant increases recently, many investors are starting to look for XRP Ledger-based coins, such as XRP meme coins.
Several XRP coin memes are starting to steal attention, such as ARMY, BEAR, and MAG. Read this article to find out more!
Impact of XRP Price Against XRP Ledger Meme Coin
Source: Trading View in Cryptoticker.io
XRP, one of the cryptocurrencies with the largest market capitalization, saw its price surge by 441% in the last 30 days.
The increase in the price of XRP has a positive impact on the XRP Ledger ecosystem as a whole, including XRP-based meme coins.
XRP meme coins such as ARMY, BEAR, and MAG took advantage of this bullish momentum to record rapid growth.
Read Also: Guide on How to Buy Meme Coin on XRP Ledger Before the Price Rises!
XRP Ledger Meme Coin: ARMY
One XRP meme coin that is attracting attention is ARMY, with its market cap rising from less than $1 million to over $90 million in just a few days.
Even though it was down to $47 million, early ARMY investors have reaped incredible profits. For example, an investor managed to make a profit with an ARMY investment of $478 to $100,000.
XRP Ledger Meme Coin: BEAR and MAG
Apart from ARMY, other XRP coin memes that are attracting attention are BEAR and MAG. BEAR surged 395.6% in the past month, with a market cap approaching $30 million.
Likewise, MAG also shows a similar trend. This proves that the XRP Ledger can also be a good place for meme coins.
XRP Ledger Meme Coin and Other Network
The success of XRP meme coins, such as ARMY, BEAR, and MAG, cannot be separated from the rapid growth of the XRP Ledger ecosystem.
Recently, the reserve base for XRP wallets was reduced so that more new users could join the network at lower fees. On December 2 alone, more than 22,000 new wallets were created.
Even so, the trading volume of Ledger's XRP-based meme coin is still much smaller compared to networks such as Solana and Ethereum.
However, it does not rule out the possibility that the meme coin XRP will continue to grow and be able to compete with meme coins on other networks. Especially with the increasing growth of XRP recently.
Read Also: Advantages of XRP and List of Banks That Use XRP for Transactions
XRP FAQs
What is XRP and what is its use?
XRP is a digital asset created by Ripple Labs, and designed to facilitate cross-border payments. XRP blockchain technology enables transactions in just a few seconds with very low fees making it ideal for international money transfers and micropayments.
What is the Difference Between XRP and Other Cryptocurrencies Like Bitcoin?
XRP is designed to support cross-border payment systems with a focus on speed and cost efficiency, different from Bitcoin which functions more as a store of value and investment tool. In addition, XRP uses a consensus mechanism that does not require mining so it is more energy efficient.
How to Buy XRP?
XRP can be purchased via various exchange platforms such as Bittime, just by visiting the trade page on the official Bittime website.
How to Buy Crypto with 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.
Additionally, visit Bittime Blog to get various interesting updates and educational information about the world of crypto. Find trusted articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your knowledge in the world of crypto.
Reference
Rudy Farrs, XRP Meme Coins Surge: ARMY, BEAR, and MAG also surge as XRP Hits 7-Year Highs, accessed December 9, 2024.
Trading View, Trading View XRP Chart, accessed December 9, 2024.
Author: IPR
Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.
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