Kaiko, the well-known research company of the crypto money industry, shared a report after the rise in the price of the XRP coin. According to researchers, following the partial decision in the Ripple-SEC case, the leading altcoin has outstripped Bitcoin in some metrics.
XRP Becomes No. 1 in Transaction Volume!
Kaiko experts found that Ripple trading volume on centralized exchanges surpassed Bitcoin. XRP has taken over the title of the cryptocurrency with the largest volume as a result of recent developments. Researchers point to relistings as causing this data to emerge. After the lawsuit, exchanges such as Coinbase and Kraken reopened XRP trading pairs.
Transaction volume rates of cryptocurrencies.According to the chart, the leading cryptocurrency Bitcoin takes 20% of the total transactions. While the share of Ethereum, number two in the market, was limited to 8%, Ripple left its competitors behind with a rate of 21%.
Ripple Price
Ripple, the popular altcoin of the last days, continues to protect more than half of its rise over the weekend.
Ripple/Dollar chart.Ripple, which has almost doubled in hours, has started to watch horizontally in recent days. XRP is currently trading around $0.74.
Although the report shared by Kaiko reveals that altcoin trading is very lively, this does not directly affect the price. Investors should also consider the possibility that a volatile cryptocurrency could suddenly drop.
