DeFI News by Thebittimes.Com

CoinMarketCap ranks XRP as the sixth-largest cryptocurrency by market capitlization. It was created in 2012 by Jed McCaleb and David Schwartz to serve as the native currency for the XRP Ledger. The XRP Ledger is an open-source, permissionless technology. It stands out for its low cost, scalability, speed, and carbon neutrality. After increasing from $0.43 to $0.53 last month, and before declining to $0.45, the token showed a bullish sentiment. Since May 2022, the cryptocurrency has been repeatedly rejected at $0.50 levels and is unable to cross that threshold. In new interest data collected from CoinMarketCap, the trading volume of XRP skyrocketed by over 1520%. Let us look at what triggered the soar in trading volume. XRP trading volume soars, price remains stable As per the recent data, the 24-hour trading volume hit $19,140,768,909 before dropping back to the current trading volume of $1,391,815,949 . The CEX trading volume during that period also stood at $19.66 billio...

Few crypto assets have the potential to become well-known brands. Shiba Inu was one such meme coin that managed to do the impossible. With 43 million more views than Bitcoin in 2021, Shiba Inu was the most well-liked cryptocurrency. Since 2021, this altcoin has arguably made the most noise, rising to the top of the cryptocurrency pack. Shiba Inu’s market cap at one point was at par with Dogecoin [DOGE]. But of late, the cryptocurrency has slipped even further behind DOGE. SHIB, which has a market cap of $5.9 billion, is ranked 13th among all digital currencies, according to tracking from Coingecko. At press time, it was trading at $0.00001034, having lost 4.94 percent of its value over the previous week. Given the current state of affairs, one may assume that investors would steer clear of cryptocurrencies. However, in an unexpected turn of events, Shiba Inu welcomed a sizable number of new holders this year despite the bear market.  This development completely cau...