Bitcoin is currently the undisputed number 1 in the Crypto-market. The current Bitcoin market dominance of over 70% of shows alone. But also the Altcoins are not sleeping. This includes Ripple, the current number 3 of all the crypto-counts-currencies by market capitalization. According to this “natural ranking” of the Top Coins, is usually, also, the daily trading volume and the liquidity of Altcoins is lower than that of BTC. The Bitcoin market is the most liquid Crypto-market of all. But apparently, it wasn’t always that way. In Mexico, the daily trading volume of Ripple exceeded recently, the BTC, and made the king’s Coin so the space at the top unsafe.
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Ripple more liquid than Bitcoin
The “unusual event” happened on 14. September on the Exchange “Bitso”, a Mexican Crypto-exchange. It exceeded in the last 24 hours traded volume of Ripples XRP, the Token of Bitcoin. The trading volume of XRP was higher than that of Bitcoin.The volume of trade is generally decisive for the liquidity of a market. Precisely for this reason went hand in hand with the above, the liquidity of the XRP market on the stock exchange was higher than the Bitcoin market. This also showed that the liquidity Index of XRP has reached a new all-time high.You want to be one of the world’s leading CFD brokers act? We have for you in our Plus500 Test all of the knowledge about values is collected and written down, where here are the pros and cons are. Just have a look on the Test or see for yourself and join today at Plus500.The news were shared by the XRP Research Center on Twitter, as shown in the following image. This XRP/MXN pair is trading a couple of Ripples XRP with the Mexican national currency and “BTC/MXN” accordingly, for Trading with Bitcoin.However, this constellation among the Coins didn’t last long. Shortly thereafter conquered Bitcoin to Ripple the 1. Place:
Ripple xRapid volume is responsible?
The Mexican Exchange Bitso is also one of the Crypto exchanges, which accepts money from institutional investors and transactions over the Ripple product xRapid handles, which international Finance is designed to facilitate transactions. It is speculated whether the increase in the volume of trade was associated with the increase in the xRapid-volume Bitso.Currently, the price of XRP is after a few chaotic weeks in the Ripple Community back in the upward trend, after the Coin was seen for a long time the price on the descending Branch.Do you think the increased volume of trading is a sign that it comes with the XRP price back up? Come in to our Telegram Chat and talk with the experts and the Community. Subscribe to our News channel to not miss any News. [Image Source: Shutterstock]