{"id":666686,"date":"2024-12-24T10:00:18","date_gmt":"2024-12-24T10:00:18","guid":{"rendered":"https:\/\/ktsl888.com\/?p=666686"},"modified":"2024-12-24T09:26:00","modified_gmt":"2024-12-24T09:26:00","slug":"binance-altcoin-market-crowns-xrp-as-decembers-champion-details","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/altcoin\/binance-altcoin-market-crowns-xrp-as-decembers-champion-details\/","title":{"rendered":"Binance Altcoin Market Crowns XRP As December\u2019s Champion – Details"},"content":{"rendered":"

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.<\/p>\n

Related Reading: Can Ethereum Break $3,500 Before End Of 2024? Analyst Weighs In<\/a><\/div>\n

Rising Interest Amidst Market Challenges<\/strong><\/h2>\n

The digital currency market as a whole has recently experienced some volatility. Bitcoin and numerous altcoins have battled with falling values, but XRP<\/a> 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.<\/p>\n

\n

Binance’s Top Traded Altcoin in December ’24<\/p>\n

\u201cXRP 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.\u201d \u2013 By @JA_Maartun<\/a><\/p>\n

Full post \ud83d\udc47https:\/\/t.co\/oR5GhIAZ9e<\/a> pic.twitter.com\/Kv9sZyy0vz<\/a><\/p>\n

\u2014 CryptoQuant.com (@cryptoquant_com) December 23, 2024<\/a><\/p><\/blockquote>\n

\"\"<\/p>\n

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.<\/p>\n

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.<\/a><\/p>\n

XRPUSD is currently trading at $2.25. Chart: TradingView<\/a><\/figcaption><\/figure>\n

Wallet Growth Signals Growing Adoption<\/strong><\/h2>\n

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.<\/a><\/p>\n

\n

\ud83d\ude32 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:<\/p>\n

Bitcoin $BTC<\/a>: 54.7M (+27% rise)
\nEthereum $ETH<\/a>: 134.9M (+47% rise)
\nTether $USDT<\/a>: 6.57M (+66% rise)
\nXRP $XRP<\/a>: 5.75M (+28% rise) pic.twitter.com\/rcd50VAikZ<\/a><\/p>\n

\u2014 Santiment (@santimentfeed) December 23, 2024<\/a><\/p><\/blockquote>\n

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.<\/p>\n

Related Reading: Can Ethereum Break $3,500 Before End Of 2024? Analyst Weighs In<\/a><\/div>\n

\"\"<\/p>\n

Featured image from X\/<\/em>@RippleXrpie<\/span>, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

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 \u201cXRP 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.\u201d \u2013 By @JA_Maartun Full post \ud83d\udc47https:\/\/t.co\/oR5GhIAZ9e pic.twitter.com\/Kv9sZyy0vz \u2014 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. \ud83d\ude32 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 \u2014 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<\/p>\n","protected":false},"author":557,"featured_media":666701,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[85876],"tags":[142,10768,428,6664,4531],"class_list":["post-666686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","tag-altcoins","tag-binance","tag-bitcoin","tag-crypto","tag-xrp"],"acf":[],"yoast_head":"\nBinance Altcoin Market Crowns XRP As December\u2019s Champion<\/title>\n<meta name=\"description\" content=\"XRP has taken the cryptocurrency world by storm in December, becoming the most traded altcoin on Binance. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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