XRP least affected by cryptocurrencies’ volatility; most diversified digital asset, claims Binance research

2019-4-29 16:00

While Bitcoin [BTC] takes the cake as the principled cryptocurrency in the eyes of ardent decentralized currency enthusiasts, XRP vies for the spot of the banking currency of the future. Ripple’s popularity among the world’s top financiers is reflected by its slew of integrations. Now, one of the world’s top exchanges has pegged the second largest altcoin in the market as being the most diversified.

The latest piece of research from Binance’s analysis wing in their series of “Categorizing Cryptoassets” tackles the correlation between top digital assets, on the basis of weekly returns. Ripple’s XRP was found to be the “best diversified,” albeit among cryptos with a market cap over $3 billion, of which there are only seven.

Clusters were predominant among coins with common affinities based on geography, purpose and exchange effect. Coins like Cardano [ADA], Neo [NEO], Qtum [QTUM], OmiseGo [OMG], are common among coin hodlers based in Asia. Similarly, XRP, Basic Attention Token [BAT] and Dogecoin [DOGE] are clustered as they are US-centric.

Monero [XMR], DASH, Stellar Lumens [XLM] and NEM form a payments system cluster, stated the report.

Other clusters form due to exchange listings, citing the recent Coinbase listing of XRP, BAT and Zcash [ZEC], and Hardfork clusters, grouping Bitcoin Cash [BCH], Bitcoin Gold [BTG] and more.

Bitcoin and Ethereum [ETH] exhibited the highest correlation, indicating the individual importance of the largest cryptocurrency and the largest altcoin in the market. The report added that the market and the two leading virtual currencies tend to follow a similar trend.

Source: Binance Research

The weekly return correlation matrix which tracked the correlation between the top-30 digital assets on the basis of 30-day mean market capitalization on 31 March 2019 found XRP, Dogecoin [DOGE], and Tezos [XTZ] to be standing apart from the market. Across a one-year period, these coins exhibited the least correlation.

Binance Research added,

“Ripple is less correlated in the long-term than what our previous analysis suggested across several 3-month time-periods, using daily returns.”

On the flipside, XRP is “highly correlated” with Stellar Lumens, its touted rival in the banking settlements fray, owing to the latter’s recent partnership with IBM. The report references a similarity in objectives as being the prime reason for their price correlation, further highlighting the “cluster” example.

Further, in light of their March 20 report, the correlation drawn out by the current report shows an increase in corresponding price changes. The reason for the same, as per the report, may be “due to the rise of stablecoin volume” and the “increase in pair offerings” across all markets.

The post XRP least affected by cryptocurrencies’ volatility; most diversified digital asset, claims Binance research appeared first on AMBCrypto.

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xrp binance currency world claims research asset

Источник: ambcrypto.com

xrp binance → Результатов: 126


Фото:

Binance поддержит эирдроп токенов Songbird среди держателей XRP

Биткоин-биржа Binance поддержит программу эирдропа токенов экспериментальной сети проекта Flare Network — Songbird (SGB). Снапшот сети XRP выполнен с временной меткой 12. 12. 2020 03:00 (мск).

2021-11-1 14:51


Binance US приостановит торговлю токеном Ripple в январе

13 января американское подразделение биткоин-биржи Binance исключит из листинга токен Ripple (XRP). Торговля и внесение депозитов будут приостановлены. XRP will be delisted from https://t.

2021-1-1 13:30


Binance не считает JPM Coin конкурентом XRP

В ближайшей перспективе стейблкоин от JPMorgan под названием JPM Coin не сможет конкурировать с токеном XRP от Ripple. Об этом свидетельствуют результаты исследования подразделения криптобиржи Binance.

2019-3-3 14:00


Фото:

Ждём рост: топовая криптобиржа Binance добавляет новые торговые пары с Ripple XRP

24 декабря в блоге биржи появилось сообщение о добавлении двух новых торговых пар на XRP. Примечательно тут то, что Binance впервые использует XRP в качестве базовой валюты пары. Теперь монетой можно торговать по направлению TRX/XRP (Tron) и XZC/XRP (Zcoin). Также...

2018-12-25 12:45


Binance подтвердила, что XRP будет базовым активом на бирже

За прошедшие недели, криптосообщество сплотилось, чтобы XRP, вторая по величине рыночной капитализации криптовалюта, была добавлена на ведущую криптобиржу Binance, в качестве базового актива. Многие из криптопользователей обращались к исполнительному директору Чанпэну Чжао с просьбой, в качестве рождественского подарка добавить XRP, как базовый актив.

2018-12-24 12:06


XRP Base Pair on Binance Gaining Steam

Binance, Cryptocurrency, XRP–XRP, the currency which started the year trading at $3.80 per coin, may finish 2018 with some positive news in the form of an update from Binance. Given the liquidity of the XRP coin, in addition to its utility features which favor fast transactions and negligible fees, users have frequently clamored for exchanges […] The post XRP Base Pair on Binance Gaining Steam appeared first on Ethereum World News.

2018-12-23 02:38


Ripple goes full throttle and extends the lead over Ethereum: Binance to add XRP as base pair

Ripple’s continued success does not seem to be coming to an end, so the price has risen further in the last 24 hours and has increased its lead over competitor Ethereum. In order to further advance the adoption, it is necessary to further spread the available base pairs on exchanges in order to simply trade […] The post Ripple goes full throttle and extends the lead over Ethereum: Binance to add XRP as base pair appeared first on CaptainAltcoin.

2018-11-18 17:00


Фото:

NANO Beats XRP in a Recent Binance Deposit Speed Test

During the Bull Run of last year into early this year, many traders shared notes as to what cryptocurrency was the fastest when shooting funds across exchanges to catch in on the trading action. As the global trading volume grew, many traders found out that the Bitcoin (BTC) and Ethereum (ETH) networks were getting congested, […] The post NANO Beats XRP in a Recent Binance Deposit Speed Test appeared first on Ethereum World News.

2018-10-18 19:19


Фото:

Binance, OKEx и Huobi вложились в разработчика стейблкоина Terra

Блокчейн-инкубатор Binance Labs, криптобиржа OKEx и подразделение Huobi Group -Huobi Capital вложились в проект Terra, разрабатывающий стейблкоин. Общая сумма инвестиций составила $32 млн. В сделке также приняли участие инвестиционная компания оператора Upbit Dunamu — Dunamu & Partners, Polychain Capital, FBG Capital, Hashed, 1kx, Kenetic Capital, Arrington XRP Capital и многие другие, включая такие крупные фонды, […] Запись Binance, OKEx и Huobi вложились в разработчика стейблкоина Terra впервые появилась Bloomchain (Блумчейн.ру).

2018-8-30 16:39


9 из 10 сотрудников Binance получают зарплату в токенах BNB

Многие сотрудники криптовалютной биржи Binance согласились получать зарплату в кастомной криптовалюте платформы Binance Coin (BNB). Об этом рассказал CEO компании Чжао Чанпэн (CZ) в разговоре с директором Arrington XRP Capital Майклом Аррингтоном.

2018-8-20 16:08


Weiss Ratings: XRP — самый быстрый цифровой актив на крипторынке

Рейтинговое агенство Weiss Ratings пришло к выводу, что XRP является самой быстрой криптовалютой на рынке и служит лучшим вариантом для перевода средств между биржами, пишет The Daily Hodl. Также агенство выступило в поддержку добавления пары USD/XRP на Binance.

2018-8-13 10:59


Фото:

Weiss Ratings Agrees XRP Should be A Base Currency On Binance

On the 10th of August, Ethereum World News ran a story as to why the XRP community wanted their favorite coin added as a base currency on Binance. One twitter user – @C3_Nik – specifically requested Biannce CEO, Changpeng Zao via the following words: We would like to see #XRP as one of the base assets on @Binance in […] The post Weiss Ratings Agrees XRP Should be A Base Currency On Binance appeared first on Ethereum World News.

2018-8-12 13:48


Ripple’s Crypto Community is Urging Binance Exchange to Enlist XRP as Base Currency

XRP’s Community Pushing for Binance to Adopt XRP as Base Currency Binance is running well, as it currently has a 24-hour trade volume that is worth $1.108 billion. The exchange trades base currencies such Bitcoin (BTC), Ethereum (ETC) and Tether (USDT) and even its Binance Coin (BNB). The XRP community has taken another step, and […]

2018-8-12 00:11


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