XRP Beats Bitcoin in Market Volume, Becomes Most Traded Coin on HTX

reportcryptos.com
3 Min Read

HTX Global, a leading crypto exchange, has unveiled the list of tokens garnering the most significant trading volume on its platform, with XRP taking the lead.

In a recent post on X, HTX disclosed that XRP secured a remarkable trading volume of $112 million on its platform as of January 7.

The volume of XRP traded on HTX significantly outpaced the dollar of other higher-ranking tokens, such as Bitcoin (BTC) and Solana (SOL).

Specifically, market participants using HTX’s exchange outlet traded $70 million in Solana and $65 million in Bitcoin. Notably, the $112 million recorded for XRP is nearly double that of the volume of the firstborn crypto. 

This revelation positions XRP as the standout coin on the HTX exchange, highlighting the growing prominence of XRP in the Asian crypto community.

Besides, HTX created a poll gauging the opinions of market participants about the tokens they had just recently exchanged on the platform. The poll ended with 36.5% of respondents voting affirmatively for XRP and 40.2% for Solana. 

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Bitcoin Reclaims Position from XRP

On the flip side, the latest data accessible on HTX’s official website indicates a shift in trading volume dynamics. In particular, Bitcoin has now claimed the top spot over XRP.

At press time, BTC has emerged as the most actively traded token on HTX, boasting a trading volume of $68.56 million. 

In contrast, XRP closely follows, securing the second position with a trading volume of $51.70 million. Solana ranked further behind, with a volume hovering around $30 million. 

Moreover, data from other market tracking resources, such as CoinMarketCap, attested to the accuracy of the information.

Notably, this significant turnaround may be attributed to the prevailing bearish trend rocking the altcoin market, with XRP and SOL in double digital losses in their cumulative one-week trajectory.

Conversely, Bitcoin demonstrated a more resilient performance by reclaiming the $44,100 threshold.

Nonetheless, XRP remains the most traded cryptocurrency on the prominent U.S.-based exchange Uphold, commanding a significant 28.08%, while Bitcoin lags behind with a comparatively lower percentage of 13%.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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