#Dogecoin (DOGE), the largest meme cryptocurrency by market value, has seen so much volatility that it now appears more stable than the digital asset sector leader, bitcoin (BTC). DOGE's annualised 30-day realised, or historical, volatility was 30% at press time, far lower than Bitcoin's 35%. The standard deviation of the daily percentage change in an asset's price over a certain period is used to determine realised volatility. DOGE has historically been more volatile than bitcoin, which scares risk-averse investors, which is understandable given that BTC has been there since 2009 and has matured as a macro asset with increased institutional engagement over the last three years. Nonetheless, DOGE has been seen as a non-serious crypto project from its debut in 2013. BTC's 30-day realised volatility has fallen below DOGE's, an uncommon occurrence in the crypto market. The meme coin's newfound status as a less volatile asset should not be interpreted as market maturity; rather, it is likely due to a lack of investor interest in other cryptocurrencies. Bitcoin's dominance rate, or proportion of the whole crypto market, has risen to 50% from roughly 40% earlier this year, indicating that money is flowing away from other cryptocurrencies and into bitcoin. While the price of Bitcoin has increased by 60% this year, the price of DOGE has decreased by little more than 12%, according to CoinDesk statistics. The aggregate 1% market depth, for example, tells the same story. This statistic measures bids and requests for all order books on major cryptocurrency exchanges that are within 1% of the mid-price. Altcoin market depth is much smaller than that of #BTC and #ETH . According to statistics compiled by Paris-based Kaiko, the aggregate 1% market depth for the top ten cryptocurrencies was much lower than that of Bitcoin and ether at the end of last month. Trading volumes in the spot market fell to a four-year low of $475 billion in August, indicating an industry-wide fall in activity. DOGE and other coins have little liquidity, which is consistent with the hazy regulatory picture for smaller #cryptocurrencies . The Securities and Exchange Commission (SEC) of the United States referred to many cryptocurrencies as securities in its lawsuit against key digital asset exchanges Coinbase and Binance earlier this year. $DOGE and $SHIB were not addressed, but tighter laws for cryptocurrencies may harm meme coins in the future.

In a remarkable turn of events, XRP has emerged as the most traded altcoin in the United States, outpacing its competitors Solana (SOL), Dogecoin (DOGE), Cardano (ADA), and Shiba Inu (SHIB). The cumulative trading volume of XRP over the past two months has surpassed every other altcoin since the beginning of 2023, solidifying its position in the market. This surge in trading volume can be attributed to the pivotal verdict in July that ruled XRP as not being an unregistered security, serving as a major boost for the altcoin’s reputation. Following this ruling, the daily trading volume of XRP in the United States has experienced a significant spike, surpassing that of other altcoins. Despite facing blacklisting on several US-based crypto exchanges until mid-July, XRP has managed to climb to the top as the most traded altcoin. According to data provided by Kaiko, XRP’s trading volume in the United States this year is fast approaching $30 billion, an impressive feat accomplished in just nine months. XRP Takes the Lead, Leaving Competitors in Its Wake Solana (SOL) secured the second position with an approximate cumulative trade volume of $27 billion over the past nine months. Other prominent altcoins in the top five include Litecoin (LTC), Dogecoin (DOGE), Cardano (ADA), Shiba Inu (SHIB), and Polygon (MATIC). It’s important to note that this cumulative trade volume metric excludes Bitcoin, Ethereum, and stablecoins. Kaiko also shed light on the underlying factors driving the increased demand for XRP. According to the data-driven platform, Large United States traders who are eager to regain access to altcoins following XRP’s victory, have been instrumental in driving the surge in the digital asset’s buying demand. Relisting of XRP by Major US exchanges such as Coinbase, Gemini, and Kraken is also a major contributing factor. XRP Makes Waves in the Global Market, Outperforming Top Altcoins The staggering growth of XRP has not only been confined to the United States but has reverberated across global markets. According to data from Kaiko, the average daily trading volume of XRP in August reached an impressive $462.8 million. This figure is 3.6 times higher than the second altcoin on the list, Solana, which registered $128.4 million in trading volume across all exchanges during the same period. BNB secured the third position in August with $121.8 million, closely followed by Dogecoin with $113.2 million. In the first week after the court ruling, XRP’s trading volume even surpassed that of Bitcoin and Ethereum. The upward trend has continued into September, with the daily trading volume of XRP averaging over $1 billion this week. This positions XRP as one of the most actively traded crypto assets, trailing only behind Bitcoin and Ethereum. Rise in XRP Liquidity Reinforces Market Presence Kaiko’s data has also revealed a substantial increase in the liquidity of XRP. This rise in market depth for XRP commenced shortly after the court ruling in July, marking yet another milestone for the altcoin. Before the ruling, XRP had a monthly average depth of $8 million. However, since then, the figure has steadily climbed to $12 million as of early September, indicating growing market interest and confidence in XRP. *Disclaimer: This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader. #XRP #ETH #Shibainu $XRP $ETH $SHIB

This Altcoin Beats Shiba Inu and Dogecoin Since the ruling that XRP is not a security, daily trading volume of XRP in the United States has soared, surpassing the trading volume of other altcoins. According to Kaiko research, it appears that XRP trading volume in the United States approached US$ 30 billion in the nine months of this year. The performance of this coin has surpassed other altcoins, such as Solana which is in second place with a cumulative trading volume of around US$ 27 billion over the last nine months. Additionally, Litecoin, Dogecoin, Cardano (ADA), Shiba Inu (SHIB), and MATIC are also in the top five in terms of cumulative trading volume. Shiba Inu Doesn't Want to Lose In the ever-changing crypto world, Shiba Inu has emerged as an attractive token for investors. With the affordable price per token, many individuals are considering the possibility of becoming SHIB billionaires. At the time of writing, SHIB feels at a fairly affordable price level, namely US$ 0.00000730 per token. With this affordability, you could become a Shiba Inu millionaire. To own 1 billion SHIB tokens, an investor needs to invest US$ 7,390. This affordable entry point has attracted the attention of market participants, some of whom are considering going even bigger by acquiring 10 billion SHIB tokens. One interesting aspect of the current SHIB price is its proximity to its all-time high (ATH) of US$ 0.00008845. If SHIB manages to reach this historical peak again, 1 billion SHIB purchased at the current price will soar in value to an incredible US$ 88,450. In the previous ATH, having 10 billion SHIB meant having US$ 884,500. In both scenarios, the increase in value would represent growth of more than 12 times the initial investment made at the current SHIB price. $SHIB $XRP $ADA #ideuang #youtubeideuang #yttun

📊 U Today analysis: XRP, the fifth largest cryptocurrency, seems to be on the path of a massive comeback judging by this metric, according to the latest analysis provided by crypto research firm Kaiko. Kaiko, in a new tweet, draws attention to the fact that XRP liquidity has improved significantly after July's court ruling in the Ripple-SEC case. It adds that market depth rose from an average of $8 million in June to $12 million in early September despite XRP's price and volume falling. After years of legal wrangling with the SEC, Ripple received a decision in July: the company did not violate federal securities law by selling its XRP on crypto exchanges. The reaction was profound after the landmark ruling: XRP surpassed BTC and ETH in volume and accounted for as much as 21% of global crypto trade volume in the days after the ruling. Thus, if this trend of growing liquidity is sustained, the impact might reflect on XRP's price. At the time of writing, XRP was up 3% in the last 24 hours to $0.509. XRP has been trading in a range in recent weeks; the good news is that periods of consolidation like this do not endure forever. XRP is expected to make a move soon, either upward or downward. So far in September, the crypto sector has had its moments. However, the tale has been one of brief rallies, a few isolated cryptocurrency pushes and little movement at the end of the day.

Bitcoin's Big Moment: Breaking $27K and What It Means for Your Wallet Bitcoin just surged past $27,000, marking its first return to this figure since August. And guess what? It’s not the only crypto-making waves. Other big players like Solana, Litecoin, and Bitcoin Cash are riding this high wave, too. Why this sudden uptrend? Well, the Federal Reserve is likely to play it cool and maintain borrowing rates this week. And we know what that means: higher rates can often diminish the appeal of riskier investments like cryptocurrencies. So, with a steady rate, cryptos get their time in the spotlight. Mati Greenspan of Quantum Economics pointed out Bitcoin’s recent resilience after some tricky times around the $25,000 mark. He believes that those trading within a range might soon be counting their gains when Bitcoin hits just over $30,000. Yet, not everyone’s sold on this uptrend's longevity. The magic number everyone's got their eyes on is $28,800. Dessislava Ianeva from Kaiko throws in some caution, noting the absence of a clear reason behind this rise. In her view, with the market's current liquidity scenario, even minor buying/selling trends can lead to significant price fluctuations. So, is this just a brief, shimmering moment for Bitcoin, or the start of a sturdy climb? Only time will tell. #crypto2023 #cryptocurrency #bitcoin #BTC