Last week, most of the attention focused on Bitcoin ETFs and whether or not they would be approved by the SEC, America's financial regulator. Bitvavo has now announced the 5 most traded cryptocurrencies Cryptos are on their platform. Curious which cryptos are in the top 5? Then read on!
#5: Ripple (XRP)
Starting with fifth place ripple (XRP) at a rate of 3%. This means that 3% of the total crypto traded last week was XRP. Recently The company offered Ripple a mega buyback of shares worth around $11 billion. Currently valued at $0.59, XRP is the sixth-largest cryptocurrency after Solana became the fifth-largest cryptocurrency after a rapid rise. Who knows, maybe we'll see the latter cryptocurrency in the top 5.
#4: Cardano (ADA)
It ranks fourth among the most traded coins Cardano (ADA). With a share of 4% of the total Bitvavo. The Cardano network was already on track in 2023 due to various announcements, but activity on the blockchain had also increased significantly. Cardano price also increased by around 170% in 2023, so who knows what 2024 could bring for Cardano!
#3: Ethereum (ETH)
The title above says it all, it's at number 3 ether (ETH). With a 9% share of the total traded supply on Bitvavo, Ethereum has seen a significant increase in recent days. At the time of discussion, one Ethereum is worth about $2650 and is up about 20% in the last 7 days.
#2: Solana (SOL)
For which I previously speculated about a top 5 spot Solana (SOL), it has now been confirmed. Solana is in second place and has the same share as Ethereum, 9% of the total. Recently you were able to read that the price is in a correction and caution is advised. However, this is not financial advice and we always recommend doing your own research.
#1: Bitcoin (BTC)
Many may have already guessed that Bitcoin (BTC) takes first place with a share of no less than 24%. This means that almost one in four crypto coins traded in the last few days was Bitcoin. On the one hand, this is logical, as the news about a possible approval of a Bitcoin ETF attracted a lot of attention from investors and the media.
That's the height overview one of the five most traded cryptos on Bitvavo.
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