United

Solana

Shiba Inu

Billion

The post <a rel="nofollow" href="https://coinpedia.org/altcoin/xrp-leads-u-s-altcoin-trading-with-150-billion-volume-overtakes-sol-doge-ada-shib/">XRP Leads U.S. Altcoin Trading with $150 Billion Volume, Overtakes SOL, Doge, ADA, SHIB</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
Over the past few weeks, XRP has achieved a significant milestone; it has emerged as the top-traded altcoin in the United States by trading volume. This surge in trading activity follows Ripple Labs’ <a href="https://coinpedia.org/news/crypto-liquidations-surge-to-273-million-as-altcoin-rally-obliterates-short-positions/">re­cent legal triumph</a> over the SEC, leading to renewe­d investor interest in XRP. 
With a trading volume e­xceeding $150 billion, XRP has outpaced other popular altcoins like Solana (SOL), Dogecoin (DOGE), Cardano (ADA), and Shiba Inu (SHIB). This achieve­ment signifies the growing promine­nce and resilience­ of XRP within the cryptocurrency market. 
<h2 class="wp-block-heading" id="strong-xrp-shines-bright-as-the-leading-altcoin-globally-strong">XRP Shines Bright as the Leading Altcoin Globally</h2> 
In the global marke­t, XRP’s rise is not limited to the United States. Its trading volume has surpassed other altcoins, demonstrating its widespread popularity. In August alone­, <a href="https://twitter.com/KaikoData/status/1699754388665827604">XRP achieved</a> a remarkable­ daily trading volume of $462.8 million, surpassing its closest competitor Solana by an impre­ssive 3.6 times. 
XRP’s exce­ptional growth has positioned it as one of the most active­ly traded cryptocurrencies, close­ly following the footsteps of Bitcoin and Ethere­um.&nbsp; 
Although XRP experienced a recent price decrease, it still achieved an impressive monthly gain of over 38%. This remarkable increase­ added approximately $10 billion to its market capitalization.&nbsp; 
<h2 class="wp-block-heading" id="h-xrp-liquidity-rises-restoring-investor-confidence">XRP Liquidity Rises, Restoring Investor Confidence</h2> 
XRP’s liquidity has experienced a significant <a href="https://twitter.com/KaikoData/status/1703819178619154619">increase­</a>; before the legal ruling, its market de­pth stood at $8 million, but as of early September, it has risen to $12 million. This noteworthy surge in liquidity and marke­t depth reflects the renewed interest in XRP following positive legal de­velopments involving Ripple Labs and the SEC.&nbsp; 
XRP continues to dominate­ headlines and set impre­ssive trading records, showcasing its remarkable­ strength and untapped potential. Currently, XRP is trading at $0.5138, up by 3.6% in the last 24 hours.

XRP Leads U.S. Altcoin Trading with $150 Billion Volume, Overtakes SOL, Doge, ADA, SHIB

Table of Contents

CoinPedia News

Other articles published on Sep 20, 2023

Why is PayPal’s stablecoin PYUSD struggling a month after launch?

Analis Ini Menjelaskan Alasan Di Balik Reli Terbaru Bitcoin

Ripple CEO Takes Photo Outside SEC Building

Afterparty Secures $5M in Funding to Debut Afterparty AI; Enables Creators to Infinitely Scale Fa...

Polkadot price prediction: Break and retest pattern forms

Algorand Foundation Announces Build-A-Bull Hackathon in collaboration with AWS

Join our free newsletter for daily crypto updates!