KuCoin, one of the popular central crypto exchanges, shared the most traded altcoins on its platform. The list, which includes projects such as DOGE and ARB, reveals the preferences of investors in the Asian region.
KuCoin announced: Asia region buys DOGE and coins
According to CoinMarketCap, after Bitcoin, XRP is the second most traded altcoin on KuCoin. Spot trading activity for XRP reached $94 million in the last 24 hours, accounting for 11.16% of the overall trading volume of the platform.
On the other hand, spot trading volume for Bitcoin reached $187 million, or 22.18% of the total 24-hour trading volume. On KuCoin, which has more than 20 million users worldwide and a presence in more than 200 countries, XRP interestingly ranked among the top five cryptocurrencies by weekly search popularity.
Top 5 Coins by Weekly Search Popularity on #KuCoin (April 19, 2023)
🔥 $DOGE
🔥 $ARB
🔥 $CGPT
🔥 $BNB
🔥 $XRP#KuCoinTop5 pic.twitter.com/AIU3aGLkv4— KuCoin (@kucoincom) April 21, 2023
According to KuCoin’s data, the most searched altcoin projects on its platform during the week of April 19 are as follows:
- Dogecoin (DOGE)
- Arbitrum (ARB)
- ChainGPT (CGPT)
- BNB Coin (BNB)
- XRP
There are new announcements from exchanges
In related news, Saint Vincent and Bitcastle announced that they will be holding a contest for the Bitcoin, Ethereum and XRP communities by April 23. One lucky winner will have the opportunity to win $1,000 every day.
At the time of writing, XRP price is trading at $0.4684, up 2% from the previous day. Profit-taking occurs in cryptocurrency as investors prepare for a future interest rate hike. The cryptocurrency market is expected to experience the third consecutive day of decline on April 19; Millions of dollars have already been sold.
XRP trading volume increased by 9% as traders await signs of the next market move. After reporting a good 42% increase in March, XRP is currently down 13% in April. Whales are moving their holdings amid the current market turmoil. A huge sum of 119,072,730 XRP worth $56,830,113 has been seen floating among anonymous wallets in the past 24 hours by WhaleAlert.
XRP gains strength in Asia
According to data from XRPScan, the number of active XRP accounts has exceeded 4.5 million, with a large percentage of these accounts coming from Asia. As expected, blockchain payments firm Ripple became the largest owner of the token. Binance took second place with several billion XRP tokens.
However, a notable percentage of the distribution of XRP is the amount held by the Asian crypto community. South Korean exchange Upbit also holds millions of XRP spread across different wallets.
As for the analytics, the on-chain data also revealed an increase in transactions since March 19. Therefore, the growing interest in XRP was evident from these metrics.
On the other hand, Spent Coins Age bands fell to 34.57 million. This metric summarizes the behavior of both short-term and long-term investors, as well as the token’s price action.
As Kriptokoin.com, we have included the latest developments from the SEC and Ripple case in this article.
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