XRP: The Most Traded Altcoin on Binance in December 2024

user avatar

by Giorgi Kostiuk

2 years ago

In December 2024, XRP emerged as the most traded alternative cryptocurrency on the Binance exchange, despite its recent price drop.

XRP's Leading Position on Binance

In December 2024, XRP became the most traded altcoin on Binance with a trading volume exceeding $116.6 million on Binance Futures. This occurred at a time when many cryptocurrencies, including Bitcoin, have seen price declines. Despite a 25% price drop from its high on December 3, XRP remains one of the most traded cryptocurrencies on the market. XRP even briefly surpassed Bitcoin in trading volume in South Korea.

Rising Wallet Activity

One reason for XRP's strong performance is the increase in the number of people holding and using XRP. After the U.S. SEC's 2023 ruling that it is not a security, investors gained more confidence in the token, leading to a significant rise in active wallets. According to Santiment, the number of wallets holding XRP has grown significantly, with 5.75 million new wallets added over the past two years.

Conclusion

Despite recent price drops, analysts believe that XRP will recover quickly compared to other altcoins due to its resilience and growing popularity among investors. With more users adopting XRP and new opportunities in 2025, such as the U.S. ETF buzz, XRP is likely to continue performing well.

XRP continues to maintain its popularity among traders, being the most traded altcoin on Binance and showing significant growth in new users.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Zcash's Impressive Market Performance and ETF Launch

chest

Zcash has experienced a remarkable price increase, gaining over 2,300% in the past year, aided by the launch of Grayscale's Zcash ETF.

user avatarLucas Weissmann

Zcash Surpasses $1,000 Mark, Achieving New All-Time High

chest

Zcash's price broke above $1,000 for the first time in nearly a decade, marking a significant milestone in its market performance.

user avatarRajesh Kumar

Trezor Implements New Security Measures After Data Breach

chest

Trezor is enhancing security measures, including anonymous delivery options, in response to a data breach affecting 67,000 customers.

user avatarFilippo Romano

Data Breach Affects 67,000 Trezor Customers

chest

A data breach at shipping provider ShipMonk has exposed personal information of 67,000 Trezor customers in the US.

user avatarEmily Carter

BAI Establishes Global Settlement Layer for AI Agents to Enhance Collaboration

chest

BAI is building a global settlement layer to enhance collaboration and efficiency among AI agents across various workflows.

user avatarTomas Novak

BAI Launches Free Access to Premium AI Models, Surpassing 133 Trillion Daily Tokens

chest

BAI has launched free access to its premium AI models, leading to a significant increase in platform activity and user adoption.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.