{"id":26596,"date":"2022-05-11T06:57:46","date_gmt":"2022-05-11T10:57:46","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=26596"},"modified":"2024-07-28T08:26:49","modified_gmt":"2024-07-28T12:26:49","slug":"cardano-xrp-surpass-coinbases-market-capitalization","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/cardano-xrp-surpass-coinbases-market-capitalization\/","title":{"rendered":"Cardano, XRP Surpass Coinbase&#8217;s Market Capitalization"},"content":{"rendered":"\n<p id=\"h-\"><a href=\"https:\/\/coinscreed.com\/staging\/cardano-founder-regulators-not-ready-for-crypto.html\">Cardano<\/a> (ADA) and Ripple (XRP) surpassed Coinbase's total market cap following the QI report released by Coinbase<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"740\" height=\"492\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Cardano-XRP-Surpass-Coinbases-Market-Capitalization.jpg\" alt=\"Cardano, XRP Surpass Coinbase's Market Capitalization\" class=\"wp-image-26607\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Cardano-XRP-Surpass-Coinbases-Market-Capitalization.jpg 740w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Cardano-XRP-Surpass-Coinbases-Market-Capitalization-300x199.jpg 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Cardano-XRP-Surpass-Coinbases-Market-Capitalization-150x100.jpg 150w\" sizes=\"(max-width: 740px) 100vw, 740px\" \/><figcaption>Cardano, XRP Surpass Coinbase's Market Capitalization<\/figcaption><\/figure>\n\n\n\n<div class=\"wp-block-rank-math-toc-block\"><h2>Table of contents<br><\/h2><nav><ul><li><a href=\"#h-cardano-xrp-surpass-coinbase-s-market-capitalization\" >Cardano, XRP Surpass Coinbase's Market Capitalization<\/a><\/li><li><a href=\"#h-reason-for-coinbase-fall-in-market-cap\" >Reason For Coinbase Fall In Market Cap<\/a><\/li><\/nav><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-cardano-xrp-surpass-coinbase-s-market-capitalization\">Cardano, XRP Surpass Coinbase's Market Capitalization<\/h2>\n\n\n\n<p><a href=\"https:\/\/coinscreed.com\/staging\/coinbase-halts-upi-payments-in-india-citing-central-banks-informal-pressure.html\">Coinbase<\/a>&#8216;s shares plummeted after the company's performance in Q1, 2022 was revealed, as it announced a $430 million net loss for the quarter. <\/p>\n\n\n\n<p>With the company's stock price falling more than 12% in the last few hours, the market capitalization of one of the world's largest exchanges is now surpassed by projects like Cardano.<\/p>\n\n\n\n<p>According to CoinMarketCap, <a href=\"https:\/\/coinscreed.com\/staging\/cardano-foundation-appoints-new-technical-direc.html\">Cardano<\/a>&#8216;s (ADA) entire market value is currently about $20.8 billion, while Coinbase's capitalization is now around $19 billion, after reaching close to over $40 billion only a week ago.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/u.today\/sites\/default\/files\/inline-images\/11051.PNG\" alt=\"Cardano, XRP Surpass Coinbase's Market Capitalization.\" \/><figcaption>Cardano, XRP Surpass Coinbase's Market Capitalization. <em>Source:\u00a0<\/em><a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">TradingView<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a><\/figcaption><\/figure>\n\n\n\n<p>Cardano is not the only cryptocurrency outperforming one of the world's largest trading platforms, as <a href=\"https:\/\/coinscreed.com\/staging\/sbi-company-site-accepts-btc-and-xrp-payments-for-used-cars.html\">XRP<\/a>&#8216;s $24 billion market value also surpasses Coinbase.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-reason-for-coinbase-fall-in-market-cap\">Reason For Coinbase Fall In Market Cap<\/h2>\n\n\n\n<p>According to the company's investor letter, the first quarter of the new year carried over the trend of low <a href=\"https:\/\/coinscreed.com\/staging\/shibetoshi-nakamoto-gives-simplest-use-doge.html\">cryptocurrency<\/a> prices and high volatility that began in 2021. <\/p>\n\n\n\n<p>Because of growing market dangers and worsening market conditions, more users had to quit the space in search of better times, affecting the company's performance in Q1.<\/p>\n\n\n\n<p>The period saw a reduction in trading volume from $547 billion to $309 billion due to the high volatility in the cryptocurrency market and the poor performance of most digital assets on the market.<\/p>\n\n\n\n<p>Coinbase also stated that the current market conditions are just transitory, and the company is optimistic about the bitcoin market's growth and the industry's future development.<\/p>\n\n\n\n<p>However, despite the company's idealistic stance, Coinbase's price does not appear to reflect the same investor mindset in both the medium and near term. COIN has lost 72 percent of its value in the last 90 days and now trades at $72, with an ATH of $370.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano (ADA) and Ripple (XRP) surpassed Coinbase&#8217;s total market cap following the QI report released by Coinbase Cardano, XRP Surpass Coinbase&#8217;s Market Capitalization Coinbase&#8216;s shares plummeted after the company&#8217;s performance in Q1, 2022 was revealed, as it announced a $430 million net loss for the quarter. With the company&#8217;s stock price falling more than 12% [&hellip;]<\/p>\n","protected":false},"author":29,"featured_media":26607,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-26596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/Cardano-XRP-Surpass-Coinbases-Market-Capitalization.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/26596","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=26596"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/26596\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/26607"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=26596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=26596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=26596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}