Friday, June 18, 2021

CryptoCompare: XRP Surpasses Bitcoin in Trading Volume, Becoming Most-Traded Crypto-Asset

The positive trend that the price of XRP has been enjoying over the past two days has been boosting every metric in relation to the cryptocurrency.

It has managed to reclaim the 4th position in the market from Polkadot (DOT) and has also received a boost in terms of social media interest.

The most significant at the moment is that XRP is currently the most traded digital asset in the market, according to CryptoCompare.

Read Also: Credible Crypto: To Be Able To Buy XRP between $0.38 and $0.55 Is a Blessing

XRP Receives Notable Boost in Trading Volume

As recently shared by a supposed XRP community member known on Twitter as Panos, the current data on the CryptoCompare indicates that the digital token XRP is leading Bitcoin (BTC) in terms of trading volume.

Captioning a chart from CryptoCompare to support his claim, Panox tweeted, “XRP has surpassed Bitcoin in volume, becoming the most traded crypto asset.”

Read Also: XRP Price Has To Break This Key Resistance to Regain Bullish Momentum

XRP Interest on Social Media Attains its Highest Since September 2018

Social media interest in relation to XRP has recently surpassed its 2018 record high. This was shared by the team at Santiment. According to the team, XRP’s social volume metrics were at their highest since 21st September 2018.

At the latter date, XRP surged from $0.32 to $0.77 in a day. The team at Santiment shared their observation via the following statement and accompanying chart.

“XRP broke out to a high of +62% on the day (~$0.47) before retracing back to a now still 5-week high of $0.39. Our social volume metrics note that this gain in interest was the highest since Sep. 21, 2018, when $XRP surged from $0.32 to $0.77 in a day.”

Read Also: Bitstamp Moves to Halt XRP Trading and Deposits for United States Customers

XRP in the Market

Despite the lethargic price trend displayed by a number of top cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), among others, the digital token XRP has been maintaining its top performance.

At press time, XRP is trading at $0.4423, with a 27% price uptrend in the last 24 hours.

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Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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