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XRP Outperforms Dogecoin and Solana in Q4 2023 Liquidity Rankings

16/01/2024 19:47

BTC

1.10%

According to CryptoPotato, Ripple's XRP ranked as the top 3 cryptocurrencies in terms of liquidity in Q4 2023, surpassing Dogecoin (DOGE) and Solana (SOL). The only two digital assets ahead were Bitcoin (BTC) and Ether (ETH). XRP witnessed many developments in the last quarter of 2023, with its price exceeding the $0.70 mark in November. It also became the top-traded cryptocurrency on Uphold for the week of November 18 – November 25, when almost 75% of the exchange's users purchased some amount of XRP. At one point in 2023, the token turned into the most traded altcoin on US-based cryptocurrency exchanges, with SOL, LTC, and DOGE trailing behind. Despite its impressive performance in 2023, the asset's price has been on a downfall lately, currently trading at around $0.57. However, multiple analysts, such as Crypto Rover and Dark Defender, believe XRP's glory days are yet to come. The former expects a "massive breakout" in the next eight weeks, while the latter envisioned a bull run that could take the asset's value to as high as $22.50 before the end of 2024.

Bullish

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