Despite the ever-growing number of cryptocurrencies, XRP maintains its position as one of the top three altcoins.
One of the few things that will not end soon is the increase in the number of cryptocurrencies, with new coins and tokens launching daily. However, one thing that has remained constant in the past few years is XRP maintaining its position as one of the most popular altcoins among crypto investors.
New research by Marketplace Fairness asserts XRP’s favored position, with the asset only ranking behind Ethereum and Dogecoin as the most popular altcoins. The study measured investors’ interest in top altcoins by using the search volume for their primary keyword on popular search engines.Â
Using the metric under consideration, XRP has recorded 1,250,000 million searches, outpacing Shiba Inu (678,000) and Cardano (677,000), which completes the top five. Interestingly, XRP also ranks well ahead of other widely recognized altcoins, with Solana, EOS, Litecoin, Polkadot, and Tether’s USDT stablecoin all ranking below XRP.
As revealed by Google Trends data, investors’ interest in XRP was buoyed by Ripple’s July victory in the long-standing legal battle with the United States Securities and Exchange Commission (SEC). Even though the asset has shed most of its gains since then, public interest in XRP remains healthy, returning to levels posted before the landmark event.
XRP Metrics Show Sustained User Interest
The fifth-largest cryptocurrency by market cap, XRP boasts a value of $25.7 billion at the time of writing. However, a significant indication of sustained interest in the asset is its high trading volume and popularity.
According to CoinMarketCap data, XRP has a daily trading volume of $806 million, trumping Binance coin (BNB), which ranks as the fourth largest crypto asset. BNB had a trading volume of $310 million over the same time.
Meanwhile, as The Crypto Basic has reported, XRP leads in South Korea as the most popular altcoin and has also gained remarkable interest in Japan. Over the past 24 hours, users have traded $60 million worth of XRP on South Korea’s Bithumb exchange, according to CoinMarketCap.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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