New post
George Ma
in
Crypto
April 20 11:18

More than half of eToro users have invested in XRP

ETN with 23.9%, Litecoin with 14.5%, and Stellar with 12.4% also entered the top five most popular cryptocurrencies.
57
0
According to eToro's latest quarterly report, more than half of crypto wallet customers are investing in XRP token. This is the highest investment rate in token. Bitcoin came in second place. Just over 35% of users invested in VTS.

In addition, a separate chapter of the report is devoted to DeFi market analysis. In general, analysts give positive forecasts to the development of the decentralized finance sector, emphasizing its potential in the crypto market. In February 2020, DeFi market capitalization reached a maximum of US$1.2 billion, and the term "decentralized finance" became the sixth most frequently searched by Google in the segment of cryptocurrency. Experts predicted a great future for decentralized finance projects until the "bloody Thursday", which happened on March 12, did not lead to market collapse. The largest DeFi project, MarketDAO, was on the verge of bankruptcy due to a total drop in the cost of ETN.
Why is XRP so popular
Ripple's Token has managed to overtake Bitcoin by popularity. This success is largely due to the active position of Ripple, which is aimed at creating global payment systems with central banks of different countries. Already today, the company's technology is used by Mexican, Egyptian, Thai and other banks to organize free and cheap international payments.
Brad Garlinghouse, CEO of Ripple, assures that the company will be as successful as Amazon, and central banks will use the proposed technology everywhere. Ripple now focuses mainly on payment solution providers and commercial banks, offering them technology solutions for fast and cost-effective cross-border payments. However, at some point, company will begin to expand its target audience and offer solutions that are of interest to other consumer groups, Garlinghaus said.