The world’s sixth-largest Crypto, XRP, is considerably the most popular coin for retail investors in the United Kingdom. The currency has experienced a rise in retail and institutional adoption in the past few months.
According to a recent report from eToro, in Quartile 3, retail investors based in the United Kingdom preferred XRP compared to other Cryptocurrencies.
XRP headed to the top after its Quartile 2 four percent increase. Additionally, the currency has seen a hundred and five percent ownership growth Year-over-year.
At the start of 2021, XRP was at $0.22 before April’s $1.9. After this high, XRP experienced a drop in its pricing. Steadily, however, the currency is slowly growing again. Currently, XRP has a price of $1.08 US Dollars.
Another coin that retail and institutional investors seem to have taken keen interest in is Cardano.
With an increase of more than eleven percent, the last 3 months have seen ADA move to second place, which Ethereum initially stood. In terms of YoY growth, Cardano has jumped more than one thousand percent.
Crypto analyst at eToro, Simon Peters, gave a reaction statement on the data compiled. He revealed that BTC holdings jumped by just 2%, with a three hundred and twenty-five percent YoY increase.
Additionally, Simon stated that these rates prove how Cryptocurrency assets have attracted investors over this past year. As a result, they are an essential part of investors’ portfolios.
Notably, the Crypto analyst noted that most XRP investors hold on to these tokens. The currency also has a supportive community that trusts in the currency’s long-term potential.
XRP is a digital asset made for payments. Two of the founders of the XRP blockchain, Jed McCaleb and Arthur Britto, founded Ripple. Ripple is a Cryptocurrency exchange & payments settlement system that uses XRP to conduct transactions.
Currently, ripple price is USD 1.08, with a daily trading volume of USD 3,884,486,406. The coin went down by over three percent in the last 24 hours. With a current market capitalization of USD 50,732,180,794, XRP has a circulating supply of coins and a maximum supply of 100,000,000,000 XRP coins.
What is Cardano?
Cardano is a decentralized blockchain platform that operates publicly. This open-source platform uses the Proof-of-Stake consensus mechanism. Additionally, the native coin for the Cardano blockchain is the ADA token.
Charles Hoskinson, who doubles up as Ethereum’s Co-founder, launched this decentralized blockchain platform in 2015.
Currently, Cardano (ADA) has a price of $2.1226 and 1.91% lower than yesterday. Its market capitalization is about seventy-two billion USD.
eToro is a social trading brokerage company that deals with multiple assets. The social feature keeps traders in line with other trading activities by fellow investors.
Additionally, this platform gives an array of stocks, products, currencies, and Exchange Trading funds, among others.
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