Cardano vs XRP: Comparing the Crypto Giants Market Cap From 2019
How have ADA and XRP's market caps performed over the last five years? | Credit: Hameem Sarwar/CCN
Key Takeaways
- Cardano and XRP are two competing cryptocurrencies.
- XRP came out in 2013, and Cardano came out in 2017.
- XRP is currently bigger than ADA, but that hasn’t always been the case.
Cardano and XRP have been in the news lately. It seemed like any past tensions between Ripple CEO Brad Garlinghouse and Cardano’s founder Charles Hoskinson would melt away in the wake of Donald Trump’s election as US President.
However, that being said, there is still competition between two of the cryptocurrencies with the biggest fan bases on the blockchain. Look at the last five years and see how ADA and XRP’s market caps have fared.
Five years ago (Nov. 15, 2019)
In 2019, ADA had been on the market for two years, while XRP had been around for more than six years. November that year was pretty much the midpoint of a crypto winter, which started after the bubble of late 2017 and early 2018 burst and wouldn’t really go away until the bull market of early 2021.
On Nov. 15, 2019, XRP’s market cap was $11.63 billion, while ADA’s was $1.38 billion, a gap of $10.3 billion.
Four years ago (Nov. 15, 2020)
2020 was a bad year for markets worldwide as the Covid-19 pandemic hit. However, there were signs of recovery as the year passed, and cryptocurrency was about to start breaking into people’s consciousness.
On Nov. 15, 2020, XRP’s market cap was up about 4% to $12.1 billion, while Cardano’s market cap skyrocketed 143% to $3.24 billion. The gap had shrunk nearly 14% to $8.86 billion.
Three years ago (Nov. 15, 2021)
In 2021, a market explosion led to XRP and ADA hitting all-time high market caps. Ripple’s coin peaked at over $80 billion, while Cardano reached its highest level on Sept. 4 at $94 billion.
On Nov. 15, 2021, Cardano outperformed XRP. Its market cap was up by more than 1,900% to $65.4 billion. Meanwhile, XRP had done well over the year, climbing an impressive 360%, but its market cap was $55.9 billion, $9.5 billion less than ADA, a swing of more than 200% away from Ripple.
Two years ago (Nov. 15, 2022)
What went up had to come down. 2022 was something of an Annus Horribilis for crypto, as the collapse of the LUNA cryptocurrency and the bankruptcy of the FTX exchange saw prices fall across the board. XRP and Cardano were no exceptions. On Nov. 15, 2022, in the wake of FTX’s collapse, ADA’s market cap was $11.6 billion, down more than 80% year over year. Not only that, but it was again behind XRP.
Ripple’s coin’s market cap was down a still-hefty 66% to $18.9 billion, which meant XRP’s market cap was greater than Cardano’s by $7.3 billion, a swing of around 175%.
One year ago (Nov. 15, 2023)
2023 saw the crypto market go on something of a recovery run, with things hotting up towards the end of the year in anticipation of the United States Securities and Exchange Commission (SEC) approving spot Bitcoin ETFs.
By Nov. 15, 2023, XRP had extended its lead over ADA. Ripple’s market cap had risen nearly 80% to $33.8 billion, while ADA was up just 7.75% to $12.5 billion. The $25.3 billion gap in market caps was nearly 250% higher than the previous year.
This year (Nov. 15, 2024)
Crypto continued to recover in 2024, with the approval of spot ETFs for Bitcoin and Ethereum, not to mention Donald Trump’s re-election as US president boosting the market. Both Cardano and Ripple responded well. ADA’s market cap went up nearly 75% to $21.8 billion, while XRP jumped 39% to a market cap of $47 billion.
The gap between the two coins’ market caps was $25.2 billion, which means the gap in market caps changed by about 0.3% year over year.
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