Ripple’s XRP has shown a notable rise in trend this year, increasing its value and becoming increasingly attractive to altcoin investors. Dr. Martin Hiesboeck, Research Director at European crypto exchange Uphold, revealed that XRP was the most traded altcoin on the Uphold exchange last week, with approximately 75% of users purchasing this altcoin.
Interestingly, among the largest cryptocurrencies by market value, BTC and ETH ranked fifth and eighth, respectively. Altcoins like Kaspa (KAS) and Stellar (XLM) followed XRP in the top ranks.
Earlier in the year, Ripple’s XRP had been the most traded altcoin on US-based cryptocurrency exchanges. It had topped the lists, leaving behind other altcoins such as Solana (SOL), Litecoin (LTC), and Dogecoin (DOGE).
The US-based blockchain company Ripple entered into a partnership with the Uphold exchange at the end of October to “support and improve cross-border payment infrastructure.” Simon McLoughlin, CEO of Uphold, argues that the partnership combines the qualities of both companies effectively for crypto-fiat transfers and bank payments.
Shortly after announcing the partnership, Uphold doubled the amount of XRP AirDrop to be executed last month and aimed to reach a lucky user. They also launched a new draw for November, where a lucky customer would receive 50,000 XRP, worth $32,000 at current rates.