Lackluster investor enthusiasm has kept the cryptocurrency market from moving forward on a global scale. In the previous week, the value of the most popular cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), has fallen by a little amount. While USD has been falling, Ripple’s native coin, XRP, has been rising during the same time frame.
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Is XRP a better investment than Bitcoin?
As predicted, XRP has surpassed all other cryptocurrencies as the preferred option. According to WhaleStats, XRP is now among the top 10 tokens utilised by the top 100 and 2000 BSC whales based on trading volume over the past 24 hours.
Total value of all trades in XRP
The total value of all trades in XRP over the past 24 hours has reached $1.01 billion, an increase of 120 percent. The price of XRP has increased by about 6% in the past 24 hours. The recent decline in cryptocurrency has coincided with this uptick. The total value of all cryptocurrencies has plummeted to $813 billion.
At the time of writing, the average price of Ripple’s native coin was $0.37. According to Coingape, XRP is now the sixth largest cryptocurrency by market cap, surpassing BUSD. Despite being involved in SEC litigation, its market cap remains at $18.6 billion.
Source: Google Trend