- XRP has been declared the most traded altcoin of 2023, surpassing $150 billion in cumulative volume on centralized exchanges.
- The recent US court decision that Ripple violated no security law selling XRP has renewed interest in the cryptocurrency.
- Influencer Ben Armstrong, known as Bitboy, maintains a positive outlook for XRP, highlighting the relisting of XRP on exchanges as evidence of the community’s resilience.
Market data provider Kaiko has announced that XRP has clinched the title of 2023’s most traded altcoin, with a cumulative volume exceeding $150 billion on centralized exchanges. This achievement, shared via a recent tweet, underscores XRP’s dominant position in the altcoin market.
XRP’s trading volume has been on an upward trajectory, surpassing the $150 billion mark and heading towards $175 billion. This impressive performance has outshone other altcoins, with XRP leading by over $50 billion. Notably, Solana (SOL), the next in line, has a cumulative trade volume of $100 billion.
The resurgence of interest in XRP follows a US court ruling two weeks ago, which found that Ripple did not violate any security law by selling XRP on exchanges. This decision has kept XRP in the limelight, with its price appreciating consistently. In fact, Reuters recently dubbed XRP as the driving force behind the altcoin market.
In another development, cryptocurrency influencer Ben Armstrong, also known as Bitboy, has expressed unwavering optimism for XRP. He emphasizes the relisting of XRP on various exchanges as a testament to the community’s resilience and lack of fear in the face of legal proceedings. This reinstatement has bolstered Bitboy’s bullish stance and resonates with many XRP supporters who envision a bright future for the token.
Despite the potential for a lengthy court case, Bitboy and other XRP enthusiasts remain steadfast in their belief in the token’s future. They argue that major US-based crypto exchanges would not have relisted XRP if cautionary measures were warranted.
In conclusion, the future of Ripple in the crypto space looks promising. The recent developments have set the crypto community abuzz, and the future of XRP appears bright. As the regulatory landscape becomes clearer, XRP is poised to continue its upward trajectory, solidifying its position in the crypto market.
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