Cardano and XRP Beat Coinbase's Whole Market Capitalization Following Earnings Report

According to CoinMarketCap,

total market capitalization is now sitting at approximately $20.8 billion as Coinbase's capitalization is now at $19 billion, while being close to almost $40 billion only a one week ago.Cardano is not the only cryptocurrency that is beating one of the biggest cryptocurrency trading platforms in the world, as XRP's $24 billion market capitalization also ‌exceeds Coinbase.

According to the company's letter to investors, the first quarter of the new year inherited the trend of low cryptocurrency prices and high volatility directly from 2021. Because of increased risks on the market and worsening market conditions, more users had to leave the space for better times, which impacted the company's performance in Q1.

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Coinbase Faces Q1 Earnings Challenge as Crypto Markets Weaken.Coinbase will seek to calm investors amid weakening crypto markets with Tuesday’s Q1 earnings report. $COIN mikeybellusci reports coinbase mikeybellusci alphadegenn
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Cardano Founder Says Crypto Is in Bear MarketICYMI: Charles Hoskinson says a bear market is to blame for $ADA's underperformance Cardano ADA CardanoADA CardanoCommunity
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