XRP surpasses BNB to become the fourth in Market Cap! Is the 'off-chain layout' more likely to skyrocket than on-chain heat?

The husband chain coin XRP has continued to soar in the recent past, surpassing BNB yesterday to become the fourth largest cryptocurrency in the Market Cap, in this regard, in addition to the factors that SEC Chairman Gensler is preparing to leave, Ripple's off-chain layout may also be one of the key factors for XRP's continued soaring. (Synopsis: XRPXRPMarket Cap breaks 100 billion, becoming the fourth largest cryptocurrency!) Bitwise: BTC hit the 100,000 mark hindered by "two factors") (Background added: XRPXRPbig pump hit a three-and-a-half-year high of 25%!) What other "SEC Revenge" concepts can be followed? After Trump's victory, market expectations for Trump's previously promised encryption policy soared, which in turn pushed the encryption market into a new rally. In addition, one of Trump's previous promises was to "fire SEC Chairman Gary Gensler on his first day in office," and this promise has recently been fulfilled in disguise, as Gary Gensler recently announced that he will leave office on January 20 next year. In this regard, many encryption projects that have been involved in SEC litigation have begun a wave of celebrations, among which XRPcoin (XRP), which has been in litigation for many years, is the most prominent. According to Coingecko data, since the US election, XRP prices have soared from $0.55 to $1.8, an increase of 225%, and nearly 24 small stones have risen by 16.4%. It is worth mentioning that due to the sharp rise of XRP yesterday (29), its Market Cap has now reached $101.9 billion, surpassing BNB's $94.6 billion Market Cap and becoming the fourth largest cryptocurrency in Market Cap. The off-chain layout is the surge in the nirvana? Although the ouster of SEC Chairman Gary Gensler can indeed stimulate the rise of relevant tokens, XRP has indeed exceeded market expectations, which inevitably makes the author speculate that XRP (Ripple) has been widely off-chain countries and enterprise cooperation in the past, which has contributed to XRP's continued rise. According to Fox Bussiness, citing people familiar with the matter, the New York Financial Services Authority (NYDFS) has indicated to Ripple today (30) that it will approve its new stable coin product RLUSD, which is scheduled to be launched on December 4. If approved as expected, RLUSD will be allowed to be legally made available to the public. Ripple acquired Swiss digital asset custodian Metaco for $250 million at the end of May 2023 and completed its acquisition of New York-based digital asset custodian Standard Custody & Trust Company in June this year. According to the XRP announcement, these two acquisitions highlight the importance and growing breadth of digital assets, covering everything from stable coins and central bank digital goods coins (CBDCs) to tokenized physical assets (RWAs) such as stocks, bonds, commodities, and real estate. In mid-May 2023, Ripple announced the launch of the Central Bank digital coin (CBDC) platform for Central Bank and institutional users in various countries. According to a Businesswire press release, the Ripple CBDC platform is designed to address a variety of use cases, including private trading, wholesale, or issuance stablecoins, to name a few. Surangel Whipps Jr, president of the Republic of Palau, which was working with Ripple at the time, spoke highly of Ripple. As reported by Cointelegraph in April, Japanese financial giant SBI Group will be the first Japanese company to use the XRP Ledger Block Supply Chain solution, which is part of Ripple's push for enterprise solutions in Japan. According to Andy Dan, head of Haskey DX, XRPL's track record in enterprise applications, settlement speed, low cost and scalability are key indicators for building Supply Chain financial solutions. The author believes that perhaps Ripple's previous good performance in international cooperation, coupled with the SEC lawsuit, has allowed institutions to start entering XRP in a big way, and as for the cottage season, it may start with these high Market Cap old coins that have not been knocked down for many years. On the other hand, because this round of Bull Market is rarely dominated by meme coins, Coin An also changes its own market strategy, from the recent coin direction of Coin An, it intends to list in the zone of meme coins, such as the previous GOAT, ACT, PNUT, CHEEMS, WHY..., and the BSC ecology also intends to create a prosperous ecology of meme coins. However, both aspects are somewhat unsatisfactory. In terms of coin on exchange, it can be found from the time of ACT and PNUT that the meme coin boom at that time was brought by coin An, because ACT such a small market CapToken can listcoin An Spot, so that the market further expects, other Market Cap higher than ACT tokens are also very likely listcoin An Spot. However, several subsequent popular tokens are listcoin contracts, and $BAN $CHEEMS $WHY is directly big dump after the list contract, which leads to coin's meme coinlist project in trouble. As for the BSC ecosystem, since the above-mentioned meme token $CHEEMS and $WHY are from the BSC chain, the market has added a bit of concern to the meme ecology of the BSC chain, plus BSC on-chain has many MEV robots (clips) that will Arbitrage when users purchase tokens, resulting in a poor purchase experience for on-chain users, and this situation has also seriously hindered the BSC chain's plan to create a meme coin boom. 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