As the number of cryptocurrencies increases, XRP continues to be one of the top three altcoins.
With new coins and tokens releasing every day, the proliferation of cryptocurrencies is one of the few things that won’t be stopping anytime soon. But one thing that hasn’t changed over the last several years is that XRP has continued to be one of the most well-liked cryptocurrencies among cryptocurrency investors.
According to recent analysis by Marketplace Fairness, XRP is the most popular cryptocurrency, only surpassed by Ethereum and Dogecoin. Using the volume of searches for each altcoin’s main term on well-known search engines, the study calculated investors’ interest in the top cryptocurrencies.
2023 Altcoin Ranking: XRP Secures Third Spot Among 23,000 Coins,2023 Altcoin Ranking: XRP Secures Third Spot Among 23,000 Coins
With 1,250,000 million searches using the statistic in question, XRP has surpassed both Shiba Inu (678,000) and Cardano (677,000), rounding out the top five. It’s interesting to see that XRP performs far better than other well-known cryptocurrencies; Solana, EOS, Litecoin, Polkadot, and Tether’s USDT stablecoin are all ranked lower than XRP.
According to Google Trends data, Ripple’s July victory in the ongoing legal dispute with the US Securities and Exchange Commission (SEC) boosted investor interest in XRP. The asset has lost most of its gains since then, but public interest in XRP is still high and has returned to pre-historic levels.
XRP Metrics Indicate Persistent User Interest
At the time of writing, XRP, the fifth-largest cryptocurrency by market capitalization, is valued at $25.7 billion. However, the asset’s strong trading volume and popularity are important indicators of ongoing interest.
With a daily trading volume of $806 million, XRP surpasses Binance coin (BNB), which is the fourth-largest cryptocurrency asset, according to statistics from CoinMarketCap. Over the same period, BNB’s trading volume was $310 million.
In the meanwhile, XRP is the most well-liked cryptocurrency in South Korea, according to The Crypto Basic, and it has drawn a lot of attention in Japan as well. According to CoinMarketCap, customers have exchanged $60 million worth of XRP on the South Korean exchange Bithumb in the last 24 hours.
2023 Altcoin Ranking: XRP Secures Third Spot Among 23,000 Coins,2023 Altcoin Ranking: XRP Secures Third Spot Among 23,000 Coins,2023 Altcoin Ranking: XRP Secures Third Spot Among 23,000 Coins