More than half of eToro users have invested in XRP

More than half of eToro users have invested in XRP
CONTENT

  • More than 54% of eToro users invest in XRP

  • DeFi Market Recovers After March Drop

  • Ripple founder confident in the success of his company

  • More than half of eToro users have invested in XRP

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According to the latest quarterly report from eToro, more than half of crypto wallet customers invest in token. As the use of cryptocurrencies grows, new types of tokens appear. They can represent value or something intangible like voices. Two … More XRP. This is the largest indicator of investment in a token. The second place was taken by bitcoin. Slightly more than 35% of users have invested in MTC.

The five most popular cryptocurrencies also included ETH with 23.9%, Litecoin – 14.5%, Stellar – 12.4%.

More than half of eToro users have invested in XRP

In addition, a separate chapter of the report is devoted to the analysis of the DeFi marketDecentralized finance (DeFi) is financial services built on the basis of blockchain technology that offer users access to an open, efficient and … More. In general, analysts give positive forecasts for the development of the decentralized finance sector, highlighting its potential in the cryptocurrency market. In February 2020, the capitalization of the DeFi market peaked at $ 1.2 billion, and the term “decentralized finance” itself became the sixth most frequently searched Google in the cryptocurrency segment. Experts predicted a great future for decentralized finance projects, until “Bloody Thursday”, which fell on March 12, led to a market crash. The largest DeFi project MarketDAO was on the verge of bankruptcy due to a total drop in the cost of ETH.

Why XRP is so popular

 

More than half of eToro users have invested in XRP

Ripple’s token has managed to overtake the most popular cryptocurrency Bitcoin in popularity. In many ways, this success is dictated by the active position of Ripple, which is aimed at creating global payment systems with the central banks of various states. Already today, the company’s technology is used by Mexican, Egyptian, Thai and other banks to organize unhindered and cheap international payments..

The CEO of Ripple, Brad Garlinghouse, himself assures that the company will be as successful as Amazon, and that central banks will use the proposed technology everywhere. Ripple is now focused primarily on payment solution providers and commercial banks, offering them technology solutions for fast and cost-effective cross-border payments. However, at some point, the company will begin to expand its target audience and offer solutions that interest other consumer groups, Garlinghouse noted..

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