XRP ( XRP -0.73%), which was created by a company called Ripple in 2012, was one of the best performers last year with a whopping 235% gain. Bitcoin ( BTC -0.09%) also logged an impressive return of 119%, further solidifying its position as the world's largest cryptocurrency.

XRP was soaring Wednesday after the CEO of Ripple Labs said that the Securities and Exchange Commission had dropped its long-running case against his company. The token, which is used to facilitate and settle transactions on Ripple’s digital-payments platform,

Ripple CEO Brad Garlinghouse sees closely related XRP as part of the White House’s proposed digital asset stockpile and anticipates the launch of an XRP exchange-traded fund (ETF) before the end of 2025, per a Bloomberg Markets interview.