XRP, the third-largest altcoin, is on track to surpass fast-food behemoth McDonald’s by market capitalization following its latest price surge.
With a market capitalization of $205 billion, the Ripple-linked token is now bigger than alternative investment management company Blackstone, German multinational technology conglomerate Siemens, construction giant Caterpillar, and ride-hailing leader Uber.
Earlier today, the price of the popular altcoin soared to a new all-time peak of $3.65, according to CoinGecko data.
If XRP resumes its blistering rally, it could also surpass British multinational bank HSBC and car giant Toyota.
At press time, XRP is the 80th biggest asset by market capitalization in the world.
Meanwhile, as reported by U.Today, Bitcoin recently surpassed Amazon, becoming the fifth-biggest asset.