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Roughly 10 Million RLUSD Change Hands in Past 3 Days: Details
According to recent reports, a significant amount of Ripple’s newly launched token, RLUSD, has changed hands over the past three days. The data suggests that roughly 10 million units of this digital currency have been traded, which is quite an impressive figure.
It is essential to note that the market capitalization of RLUSD currently stands at $53 million, with a ranking of 2,983rd on CoinMarketCap. This development comes as no surprise, considering Ripple’s efforts to push its digital assets forward and gain more traction in the crypto community.
RLUSD’s rise in popularity can be attributed to the company’s efforts to engage with third-party developers, allowing them to build applications on top of the platform. This strategy has been employed before, as seen with the success of DJED.
In the context of this situation, it is interesting to observe how RLUSD has captured the attention of these developers and investors alike. The market capitalization figures, combined with its recent trading volume, signal that RLUSD may have the potential for further growth in the future.
It remains to be seen whether this upward trend will continue or if we’ll see a correction.
Source: u.today
