Analyzing the data on the cryptocurrency markets, Kaiko announced the most traded altcoins in 2023.
According to Kaiko's data, XRP was by far the most traded altcoin in 2023.
Ripple was followed by SOL, DOGE, BNB, MATIC and LTC.
Ethereum and stablecoins were not taken into account in the preparation of this data.
Will the Ripple Effect Continue on Altcoins?
Ripple's early victory in the lawsuit against the SEC has raised investors' expectations for altcoins.
Interest in long-pressure altcoins has increased again after the Judge ruled that secondary sales of cryptocurrencies, i.e. buying and selling on exchanges, do not violate securities laws.
It is wondered whether altcoins, which were overshadowed by Bitcoin in the first half of the year, will be able to differentiate positively from Bitcoin in the second half of the year.
At this point, eyes turned to Ripple again. Investors think that if Ripple breaks the psychological limit of $1, a massive rally in altcoins will be triggered.
