The post XRP Ranks as Third Most Popular Altcoin in 2023, Shows Research appeared first on Coinpedia Fintech News
Maintaining a consistent position in an era where the cryptocurrency market is saturated with over 23,000 coins is no less than a Herculean task. XRP, with its robust technology and strategic advancements, has not only managed to stay afloat but has also anchored itself firmly as the third most popular altcoin in 2023.
With a market capitalization of $25.7 billion, XRP has showcased a rock-solid journey amid the crypto storm. Despite the constant influx of new coins and tokens, XRP has consistently maintained its allure among crypto investors, securely holding its place in the top tier.
XRP’s Rise to Fame
Recent research by Marketplace Fairness has spotlighted XRP’s unwavering position, ranking it just behind Ethereum and Dogecoin in terms of popularity among altcoins. This study assessed investor interest in top altcoins by looking at search volumes for their primary keywords on popular search engines. Impressively, XRP has amassed a remarkable 1,250,000 searches.
In this race where every click matters, XRP has outpaced competitors like Shiba Inu (with 678,000 searches) and Cardano (which received 677,000 searches), securing its spot in the top five. Moreover, it has triumphed over other notable altcoins like Solana, EOS, Litecoin, Polkadot, and Tether’s USDT, all of which trail behind XRP in terms of search volume.
With a daily trading volume of $806 million, XRP has not only maintained but also boosted its user interest and trading activity. This surpasses Binance Coin (BNB), which boasts a trading volume of $310 million during the same period.
XRP has dominated the global stage and emerged as the most popular altcoin in regions like South Korea and Japan. In the past 24 hours alone, users have traded $60 million worth of XRP on South Korea’s Bithumb exchange, underscoring its widespread appeal.
Loved the world over
XRP’s global impact is evident, thanks to its technological advancements and legal victories. Ripple’s triumph over the United States Securities and Exchange Commission (SEC) in July played a pivotal role in bolstering investor interest.
Resilience Despite Turbulence
Despite losing a significant portion of its gains after the landmark legal event, XRP has managed to maintain healthy public interest. It has returned to levels observed before the event, demonstrating remarkable stability amidst the extreme market volatility.
The road ahead looks bright indeed!
Do you think XRP has the potential to become the world’s leading cryptocurrency?