Web3 Demand Lifts XRP, Algorand, and VeChain
A trio of Web3-focused cryptocurrencies—XRP, Algorand (ALGO), and VeChain (VET)—is seeing renewed strength as market demand for decentralized infrastructure gains pace. These tokens have posted robust price increases over the past 24 hours, backed by growing trading volumes and rising investor engagement. Their performance signals not just short-term momentum but also a longer-term consolidation of their positions in the evolving Web3 landscape.
XRP Strengthens on Utility and Institutional Support
XRP has gained 5.8% over the past day, reaching $2.19. The token traded within a range of $2.0598 to $2.3109, suggesting a stable yet upward trajectory. With a market capitalization of $129.65 billion and a 24-hour trading volume of $4.35 billion—up 1.84%—XRP remains a core player in the blockchain space. Its liquidity ratio stands at 3.38, reflecting active market participation but manageable volatility.
Ripple’s focus on cross-border payments and its growing institutional partnerships continue to serve as strong tailwinds. Nearly 59 billion of the 100 billion total supply are already in circulation, indicating broad token distribution.
"XRP continues to benefit from its institutional integration and real-world payment use cases." — Market Analyst, Digital Assets Group
Algorand Posts Steady Gains with Scalable Blockchain Use
Algorand (ALGO) rose 5.58% to $0.1814 in the past 24 hours, trading between $0.1694 and $0.182. With a market cap of $1.56 billion and a trading volume of $87.53 million—up 3.06%—ALGO continues to attract developer and institutional attention. Its circulating supply stands at 8.63 billion out of a total 10 billion tokens.
The volume-to-market cap ratio of 5.59% reflects strong liquidity. The platform’s appeal lies in its low-latency performance and its deployment in smart contracts, DeFi projects, and even public-sector blockchain initiatives. That combination is positioning ALGO as a credible infrastructure layer within the Web3 stack.
VeChain Rallies on Enterprise Utility Focus
VeChain (VET) climbed 4.43% over the past day, hitting $0.02128 after opening at $0.02016. The token briefly reached just under $0.022 before easing slightly by session’s end. Notably, its 24-hour trading volume jumped 22.38% to $50.6 million—a strong signal of renewed buying interest.
With a market cap of $1.82 billion and a circulating supply of nearly 86 billion out of 86.71 billion total, VeChain exhibits one of the highest float ratios in the market. A volume-to-market cap ratio of 2.76% suggests active but sustainable trading conditions.
VET’s focus on supply chain solutions and enterprise-grade blockchain integration continues to draw institutional curiosity, especially among companies seeking traceability and compliance features in their logistics operations.
Fundamentals Reinforce Web3 Token Resilience
Together, XRP, Algorand, and VeChain exemplify the profile of digital assets gaining traction not just from speculative trading but from utility-driven narratives. Their consistent trading activity, expanding liquidity, and increasing real-world use cases set them apart as foundational Web3 assets.
"Tokens with tangible enterprise adoption and sound liquidity profiles are leading the new Web3 cycle." — Senior Crypto Strategist, ChainMarkets
As institutional involvement deepens and developers build more use cases atop decentralized infrastructure, XRP, ALGO, and VET appear well-positioned to benefit from this broader paradigm shift. Investors are watching closely—not just for price action, but for confirmation of long-term viability in the digital economy.
