#ETH4500Next? Ripple RLUSD surpasses Zcash: Is the rise of a new institutional currency stable?
Ripple USD (RLUSD) is gaining momentum in the world of cryptocurrencies thanks to the recent adoption of the GENIUS law, which has renewed optimism in the market. According to the latest data, RLUSD has surpassed Zcash (ZEC) in market capitalization, in a rising race for dominance.
RLUSD has risen to become the 104th largest cryptocurrency, surpassing Zcash with a market cap of $602.6 million, supported by an increase in adoption.
Zcash has dropped to 106th place after a decline of 11% over seven days, trading below key moving averages and below long-term peaks.
Ripple USD ranks eighth among stablecoins, supported by institutional backing and a trading volume that has risen to $35.8 million.
Analysts expect RLUSD to be ready to enter the top 100 cryptocurrencies list, while mid-sized assets face pressure amid market consolidation.
Zcash declines while RLUSD rises in rankings
