XRP And Dogecoin Flip Solana, Avalanche To Be Among Most Liquid Cryptocurrencies

An analysis by blockchain analytics platform Kaiko revealed that XRP and Dogecoin (DOGE) are among the top four most liquid cryptocurrencies, only trailing Bitcoin (BTC) and Ethereum (ETH). This finding challenges the conventional wisdom that market capitalization is a wholesome metric for evaluating a cryptocurrency's price, and thus, liquidity.

Timeline of Avalanche, Dogecoin, Solana, Xrp

On the first day of every month, Ripple unlocks 1 billion XRP tokens from an escrow system of the XRP Ledger. On January 1 (Monday), the company will unlock $620 million worth of tokens in three transactions of 100 million, 400 million, and 500 million XRP.

Several Avalanche-based memecoins are up more than 100% today after the blockchain network's Foundation revealed plans to start buying this class of digital assets through its Culture Catalyst initiative. Memecoin purchase goals In a Dec.

Solana Price Prediction: The fifth largest cryptocurrency Solana has recently reverted from the near-yearly high of $126.36 to trigger a new correction. In the last three days, the coin price plunged 21.6% to revisit the psychological level of $100 aligned closely with the 23.6% Fibonacci retracement level.

XRP whales are at it again, and this time, their actions seem to be signaling a bullish sentiment towards the XRP token as they have once again accumulated large sums of the crypto token. This is significant as their latest buys could see XRP move to the upside on the charts.

In terms of regional search, Google Trends revealed that countries such as Spain and the Philippines took the lead. People in these nations recorded more users searching for the term Solana than Ethereum.

XRP whales are on the move again, as on-chain data reveals that the crypto asset has witnessed a massive whale activity in the past day, which has led investors and the crypto community to ponder on the reasons behind these large transactions. Whale Transfers 47 million XRP To Cryptocurrency Exchanges A report has shown that a whale has shifted approximately 47 million XRP tokens to crypto exchanges.

Despite an impressive 80% monthly rally in December that propelled its market cap to the fourth position among all cryptocurrencies by size, the price of the Solana (SOL) token experienced a post-Christmas dip, falling to $107.

In a whirlwind reminiscent of a roller coaster racing at extra high speed, the crypto market in the last 24 hours has been fueled by transactions in the hundreds of millions and billions of dollars. Traders of all kinds engaged in a craze, resulting in a staggering $177.86 million in liquidated positions, with a dominant 71.88% being long positions – a clear indication of overbullish sentiment among investors, according to data from CoinGlass.

XRP, an eminent cryptocurrency backed by Ripple Labs, once again stirred a whirlpool of speculations across the broader crypto market on Friday as the token recorded significant whale transfers recently. Notably, as per the data hovering over the crypto horizon, two significant whale transfers appear to have caught the eyes of crypto market enthusiasts.

Solana (SOL) has experienced a notable downturn, dropping approximately 6% within 24 hours, reaching $98. This decline, along with its retreat of over 20% from its recent high of $125 earlier in the week, comes after heightened enthusiasm within the ecosystem, particularly surrounding Solana-associated meme coins.