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Ripple

XRP Is The Most Loved Cryptocurrency In The UK, Followed By Cardano ⋆ TCNW

by Miki 10/17/2021
by Miki 10/17/2021 0 comment

Survey: XRP Is The Most Loved Cryptocurrency In The UK, Followed By Cardano

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XRP loyalists have every reason to brag as the cryptocurrency becomes the most preferred digital asset by retail investors in the United Kingdom. This is according to Finance Magnates, which cites a recent report by social trading and investment platform eToro.

Crypto Investors In The UK Adore XRP

Data published by eToro shows that crypto investors in the U.K. have been paying more attention to the Ripple-promoted token designed for international payments during Q3 2021. These investors overwhelmingly desire to allocate more funds to XRP instead of other crypto-assets like Bitcoin, Ethereum, and Binance Coin.

The entire crypto sector has been exploding and XRP has done a good job positioning itself as a key entry point for investors. That said, XRP is now the favorite of most traders in the U.K. The sixth-largest token by market cap registered a 4% growth in ownership in the second quarter and a 105% growth on a year-on-year basis.

After XRP, UK investors are also quite fond of Cardano (ADA). The Charles Hoskinson-led project has grown in popularity among Britons within the last three months, even overtaking Ethereum with an 11% increase. ADA has given investors a year-on-year return of over 1,200% this year.

Other Ripple Developments

XRP, a lightning rod for cryptocurrency critics, may not be the best performing digital asset in 2021 in terms of gains, but it has certainly emerged as the preferred choice of retail investors in the United Kingdom.

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Despite being mired in a bombshell legal case with the United States Securities Exchange Commission (SEC), Ripple has signed several deals in the course of the year, including a partnership with the National Bank of Egypt and Bhutan Central Bank. Earlier in the year, the San Francisco-based blockchain payments firm released a private version of the XRP Ledger to help central banks around the world with their CBDC plans.

As TCNW reported previously, Ripple has also recently joined the Digital Pound Foundation as one of its founding members to assist with the creation of a UK-issued central bank digital currency.

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The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
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    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

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      EtherLite (ETL) Cryptocurrency Price Prediction

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      Learn

      How to Trade Bitcoin Futures

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      Learn

      How to Start Trading Cryptocurrency

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      How to Create Your Own Cryptocurrency

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  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

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      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

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      ProShares Files for New Metaverse ETF With U.S. SEC

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      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

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