Do you already have this coin??
A coin that is always in the top 3 and has never been replaced.
The $XRP coin (Ripple) is popular on Binance for several reasons:
Main Reason
1. High liquidity: XRP has high liquidity, making it easy to buy and sell.
2. Low volatility: XRP has relatively low volatility compared to other coins, making it attractive to traders.
3. Low transaction fees: XRP transaction fees are very low, making it suitable for small transactions.
4. Transaction speed: XRP has a fast transaction speed, averaging 2-5 seconds.
Supporting Factors
1. Partnerships with financial institutions: Ripple has partnerships with many financial institutions, increasing trust.
2. Advanced technology: Ripple uses advanced and efficient blockchain technology.
3. Regulatory support: XRP has regulatory support in several countries.
4. Active community: The XRP community is very active, promoting the coin.
Reasons for Trading
1. Price speculation: Traders hope that the price of XRP will rise.
2. Swing trading: Traders take advantage of XRP price fluctuations to make profits.
3. Scalping: Traders make quick transactions to make small profits.
4. Hedging: Investors use XRP to reduce portfolio risk.
Binance Statistics
1. XRP trading volume reaches $1-2 billion per day.
2. XRP is one of the top coins on Binance by trading volume.
3. XRP/USDT and XRP/BNB trading pairs are very popular.