Here’s the Most Traded Altcoin on Binance This December

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.

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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.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.