The crypto space has passed the 2 trillion dollar crypto global market capitalization. A lot has been going on in the past 24hours, a lot of the top ten cryptocurrencies have begun moving up.
It is impressive how we passed the 2 trillion dollar global market capital because it was not so long ago that we passed the 1 trillion dollar market capital, and we are very bullish for all of 2021. We may go past 8 trillion dollar crypto global market capitalization.
Binance BNB has broken its all-time high, and it is getting very close to $400 as it is a major competitor to the Ethereum blockchain because it is solving the Ethereum gas fee problem.
Ethereum is also moving up, it is over two thousand dollars, and people are looking forward to breaking two thousand five hundred and three thousand dollars within the next few weeks. Everything is looking very bullish, and April is hopefully going to be a very good month for cryptocurrencies and the crypto market in general.
The Litecoin Foundation, on Twitter, announced that from today, PayPal would be allowing users to pay in Litecoin. The price of Litecoin began to move up after this announcement, but unfortunately, merchants are unable to accept the cryptocurrency as payments. PayPal auto converts the Litecoin during this transaction, but this opens up the possibility of PayPal users paying in cryptocurrency at 29 million merchants on PayPal.
The introduction of crypto merchant payments to PayPal is fantastic. It adds a lot of utility to cryptocurrencies despite being auto-converted to fiat currency and paid to the merchants in cash. Hopefully, PayPal will add more options to this later on. They only launched with four cryptocurrencies.
PayPal will not add Binance Coin, Binance BNB, because it is a major competitor. Binance is competing with PayPal by creating a payment platform, and they are the biggest crypto platform in the crypto space.
Over the past 24, we noticed that Ripple XRP exploded up by over 60% on the seven-day chart and over 30% on the 24-hour chart. If not for the SEC lawsuit, XRP would be anywhere from around 3 to 5 dollars now. The SEC lawsuit prevented many people from investing in XRP, especially in all the platforms that delisted the asset.
XRP surged to over 55% to a three-year high. It has been a while since XRP went this high in price, closing in on one dollar. Unfortunately, the lawsuit is still ongoing, but the day the lawsuit is lifted, XRP will surge in price; it is only a matter of when.
Ripple also announced their acquisition of a 40% stake in cross-border payment specialist, Tranglo. Ripple has acquired different companies in their specific niche to expand and grow their user base and utility for the XRP token.
The crypto market capital has hit 2 trillion dollars and is now worth as much as Apple. This global market capital is Bitcoin and every cryptocurrency, every coin, and token combined at its current price.
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