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XRP Hits Top 5 Among All Assets on Market: Social Volume Hits Top
As the cryptocurrency market continues to experience unprecedented growth and volatility, it appears that Ripple’s native token, XRP, has solidified its position within the top five most-discussed assets among all other cryptocurrencies. According to recent social-volume analytics, this significant shift in investor sentiment is largely attributed to the launch of multiple ETFs tied to the digital asset.
The data reveals that Bitcoin remains the dominant topic of discussion, as traders continue to grapple with the cryptocurrency’s downward trend below $90,000 and its potential impact on the broader market. Notably, Solana has emerged as a close second, following increased whale participation and significant staking inflows in conjunction with the launch of various ETFs.
In stark contrast, XRP’s ascension into the top five can be largely attributed to its unique ability to attract institutional involvement. The recent surge in price volatility and Amplify’s debut of the first-ever XRP option-income ETF has resulted in a substantial increase in discussion volume surrounding the asset.
Source: u.today
