Binance Altcoin Market Crowns XRP As December’s Champion – Details
24 Diciembre 2024 - 4:00AM
NEWSBTC
XRP has taken the cryptocurrency world by storm in December,
becoming the most traded altcoin on Binance. According to recent
data, the coin had an astounding trading volume of more than $116
million on Binance Futures, demonstrating its growing appeal with
traders. Despite a tough market, XRP’s success stands out,
especially given that other cryptocurrencies, such as Bitcoin, have
had large price reductions. Related Reading: Can Ethereum Break
$3,500 Before End Of 2024? Analyst Weighs In Rising Interest Amidst
Market Challenges The digital currency market as a whole has
recently experienced some volatility. Bitcoin and numerous altcoins
have battled with falling values, but XRP appears to be doing
better than many of its competitors. Though down 11% over the past
week, the altcoin is still selling at roughly $2.25 and still shows
a pretty decent 250% annual increase in value. This resilience
draws investors looking for strong choices in a turbulent climate.
Binance’s Top Traded Altcoin in December ’24 “XRP is the most
traded altcoin on the Binance Futures market, with a trading volume
of 116.6B already, and the month isn’t over yet.” – By @JA_Maartun
Full post 👇https://t.co/oR5GhIAZ9e pic.twitter.com/Kv9sZyy0vz —
CryptoQuant.com (@cryptoquant_com) December 23, 2024 Analysts have
established a correlation between the velocity of XRP’s recovery
from losses and recent declines in the currency. Analysts indicate
that the digital asset’s trading volume is notably robust and
dynamic in derivatives. Derivatives trading for XRP increased by
34%, reflecting heightened trader interest in possible price
movements. Nonetheless, the open interest in XRP contracts
declined, indicating that certain traders might be liquidating
their positions due to uncertainty. Wallet Growth Signals Growing
Adoption The second positive signal coming for XRP is related to
wallet holders growth. Santiment data indicates a rise in non-empty
XRP wallets of 5.75 million over the past two years, meaning growth
of 28%. An increase like this mirrors greater trends in increasing
cryptocurrency acceptance seen with the bigger coins like Bitcoin
and Ethereum. 😲 The past 2 years have seen big increases in
cryptocurrency holders. Here are the number of non-exmpty wallets
for crypto’s top 4 coins by market cap: Bitcoin $BTC: 54.7M (+27%
rise) Ethereum $ETH: 134.9M (+47% rise) Tether $USDT: 6.57M (+66%
rise) XRP $XRP: 5.75M (+28% rise) pic.twitter.com/rcd50VAikZ —
Santiment (@santimentfeed) December 23, 2024 The rise in wallet
numbers shows that more investors are now ready to stick on XRP for
the long run, therefore stabilizing its price and raising its
market presence. XRP is predicted to be the center of attention for
traders and investors both as curiosity rises. Related Reading: Can
Ethereum Break $3,500 Before End Of 2024? Analyst Weighs In
Featured image from X/@RippleXrpie, chart from TradingView
Ripple (COIN:XRPUSD)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024
Ripple (COIN:XRPUSD)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024