Here’s the Most Traded Altcoin on Binance This December
24.12.2024 8:00 1 min. read Alexander Zdravkov
Data from CryptoQuant analyst JA Maartunn recentyl revealed the most traded altcoin on Binance this December.
The altcoin that took the number one spot was XRP, which amassed a trading volume of over $116.6 million on Binance Futures.
While Bitcoin and other altcoins have faced steep price declines recently, Maartunn suggests that XRP may rebound “relatively quickly.”
Yesterday, XRP dropped to an intraday low of $2.13, but managed to recover back to around $2.23 at the time of writing.
The token has been struggling, falling about 10% in the past week and losing more than 25% since hitting a multi-year high on December 3.
Additionally, CoinGlass data indicates that XRP’s open interest is at $1.90 billion, with Binance contributing nearly half of this total at $812 million.
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