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 Hiding Place 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, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Aptos Reports Token Burn and Staking Emissions

Aptos has burned approximately 174,570 APT in the last 30 days while issuing around 15 million APT through staking.

user avatarEmily Carter

Cross River Bank Integrates Ripple's RLUSD Stablecoin for Enhanced Payment Solutions

Cross River Bank integrates Ripple's RLUSD stablecoin to enhance payment solutions for fintech customers.

user avatarTomas Novak

Stocklinked Tokens in DeFi Surge to $2.624 Billion

Stocklinked tokens in decentralized finance reached approximately $2.624 billion by the end of September 2026, marking an 18-fold increase from the beginning of the year.

user avatarKaterina Papadopoulou

Fidelity's Assessment Highlights Solana's Improved Reliability

Fidelity's assessment indicates Solana has operated for over two years without major outages, achieving a 99.7% vote success rate, but warns of concerns regarding validator concentration.

user avatarMaya Lundqvist

BitTorrent Unveils New Whitepaper and Brand Upgrade for Web3 and AI

In October 2023, BitTorrent unveiled a comprehensive brand upgrade and a new whitepaper outlining a tripartite architecture for decentralized content distribution and compute, aiming to enhance operational efficiency for Web3 and AI applications.

user avatarLeo van der Veen

JUST Completes Fifth Buyback and Burn of JST Tokens

JUST has successfully completed its fifth buyback and burn of JST tokens, burning over 170 million tokens.

user avatarLi Weicheng

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.