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XRP/BNB ratio tanks 60% – Capital clearly favors…
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AMBCrypto
Altcoins are heating up, but Binance Coin [BNB] is leading the charge.
Over the past week, TOTAL2 (market cap ex-BTC) ripped 6.68% to $1.73 trillion, a level we haven’t seen since November 2021.
BNB turns up the heat in the top-3 crypto shuffleBinance Coin breaking $160 billion market cap has XRP feeling the heat.
However, Artemis Terminal data shows Binance’s market cap has doubled XRP’s 33% Q3 surge, highlighting a clear capital rotation into BNB, backed by the XRP/BNB ratio.
Put simply, the bid wall continues to weaken as capital rotates out of Ripple into Binance Coin.