XRP’s popularity continues to grow; ranks as the second most traded token after Bitcoin on KuCoin
After Bitcoin, XRP is the second most traded token on KuCoin, according to CoinMarketCap. Spot trading activity for XRP reached $94 million ($94,285,762) in the past 24 hours, making up 11.16% of the platform’s overall trade volume.
On the other hand, the spot trading volume for Bitcoin reached $187 million ($187,406,071), or 22.18% of the total 24-hour trading volume. On KuCoin, which has more than 20 million users globally and a presence in more than 200 countries, XRP was interestingly among the top five coins by weekly search popularity.
Top 5 Coins by Weekly Search Popularity on #KuCoin (April 19, 2023)
— KUCOIN (@kucoincom) April 21, 2023
In related news, Saint Vincent and Bitcastle have announced a contest for the Bitcoin, Ethereum, and XRP communities through April 23. One lucky winner will have the opportunity to win $1,000 every day.
At the time of writing, the price of XRP had dropped by 4% over the previous day to $0.4713. Profit-taking occurs in cryptocurrency as investors prepare for a future interest rate increase. The cryptocurrency market is expected to experience its third straight day of decline on April 19; millions of dollars have already been sold.
XRP/USD 4-hour chart | Source: TradingView
Trading volume for XRP has increased by 9% as investors watch for signs of the next market movement. After posting a good 42% increase in March, XRP is currently down 13% in April. Whales are moving their assets amid the current market turbulence. A huge sum of 119,072,730 XRP worth $56,830,113 was seen traveling between unidentified wallets in the past 24 hours by WhaleAlert.
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