Ripple and the digital asset XRP’s popularity is on the rise, and it has been since 2018 even if the market was bearish and Bitcoin fell the hardest towards the end of the year.
Ripple has huge announcements and achievements pouring on a daily basis and triggering tons of excitements in the community.
XRP is the most traded digital asset
According to traders on social trading platform eToro, XRP is currently the most frequently traded crypto by unique open trades.
In eToro’s January report, it is highlighted the fact that XRP managed to trade ahead of Amazon and it’s right after oil, gold, Apple and the NSDQ100.
In January, Apple was at the top of this list as the most frequently traded stock. Oil and gold were the most traded instruments back then.
XRP contributed to 29,991 unique open trades. Bitcoin open trades raised 26,773 and Ethereum open trades followed with 25,148.
More traditional financial instruments topped the platform, as reported by Daily Hodl.
- Oil with 35,503
- Gold with 32,484
- Apple with 31,767
- NSDQ100 with 31,683
eToro Traders are mixing it up and trading on various instruments.
In January 2019, the most traded instruments were $Oil and #Gold. On tech, the most traded stock was #Apple, and the most traded crypto was #XRP. (By unique open trades). #eToroInsights pic.twitter.com/R3ihXCJZBY
— eToro (@eToro) February 26, 2019
XRP could hit $10
The digital asset has been in the spotlight recently after speculations that it could $10 surfaced. There have been more such optimistic predictions regarding the price of this digital asset this year.
SBI Holdings President and Representative Director Yoshitaka Kitao said not too long ago that SBI VCTrade will go live next month, in March.
After that, verified members will have the ability to get XRP and more cryptos with the Japanese Yen.
Kitao also believes that after the launch scheduled in March, XRP will jump to $10. He said that Ripple’s digital asset is the best crypto and called it the number one coin.
Instead, he does not believe that Bitcoin holds any fundamental value.
XRP price predictions for 10 years from now are also extremely bullish.