XRP Beats Bitcoin (BTC) as Most Popular Asset on South Korea's Bithumb

U.Today
U.Today

28 Jun 2023 4:50 PM

XRP has surpassed Bitcoin in terms of trading volume on Bithumb...

  • XRP has surpassed Bitcoin as the most traded asset on South Korean exchange Bithumb.
  • XRP/KRW trading pair accounted for 17.85% of all volumes on Bithumb, totaling $30,818,226.
  • XRP's dominance on Korean crypto exchanges is attributed to the unique market structure and preference for altcoins.
  • XRP has shown a slight bullish sign due to mild trader capitulation.
  • There has been a spike in XRP active addresses, which could indicate a potential price jump.

The sentiment of the article is generally positive, highlighting XRP's achievement in surpassing Bitcoin in trading volume and the potential bullish signs for the cryptocurrency.

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You May Ask

Which cryptocurrency has surpassed Bitcoin in trading volume on South Korean exchange Bithumb?What percentage of trading volume does the XRP/KRW trading pair account for on Bithumb?Why is XRP dominating on Korean crypto exchanges?What bullish sign has been observed for XRP?What does the spike in XRP active addresses suggest?

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