XRP's trading volume surges by 30%, nearing major $30 billion market cap mark
, the volume of XRP derivatives trading, namely perpetual futures, has grown by 11.29% over the past 24 hours, reaching $608.21 million. Consequently, the total trading volume of approaching the important $30 billion mark in market capitalization. The figure currently stands at $29.32 billion, with XRP just 2.26% short of the token's price growth to the key mark.
It is noteworthy that XRP has already reached this threshold on a single occasion. There were also precedents a week ago and earlier in the month. However, the popular cryptocurrency failed to gain a foothold above this mark.The growth of trade volume is indicative of increased interest from market participants. However, the ratio of market capitalization to trading volume is 4.66% at the moment, which is within the normal range of activity.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.PEPE Market Cap on Verge of Flipping Polygon
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