We have seen several top-ranking digital currencies showing an outshining performance throughout the year 2020. Some of them have even recorded their new peak values over the course of the past two months. According to the world’s largest cryptocurrency exchange by trading volume Binance, there are five cryptocurrencies that have been more popular throughout the year among investors, especially high skilled traders and investors.
2020’s Five Top-Traded Cryptocurrencies
Binance has published a new report entitled “Crypto Trends 2020 On Binance” in which it has unveiled those five digital currencies which were preferred and traded the most by traders and investors in the year 2020. These five top-traded digital currencies include Bitcoin (BTC), the world’s largest digital currency in terms of market cap, Ether (ETH) the native cryptocurrency of the world’s second-largest blockchain network Ethereum, XRP the fourth-largest cryptocurrency by market value, Binance Coin (BNB) the native digital token of Binance, and Cardano (ADA) the ninth-ranked cryptocurrency.
According to Binance, these cryptocurrencies were traded mostly by those traders who have utilized over-the-counter (OTC) trading services of the platform.
The top-ranked cryptocurrency Bitcoin has even recorded its fresh all-time high value a few days ago by breaking above the price figure of $24,000 for the first in its entire history. Ethereum also followed the footprints of the leading digital currency and posted an amazing bullish rally which led the coin to come close to the bullish mark of $700. XRP, on the other hand, was the best performing digital asset in the month of November as it outshined all of the other digital currencies in terms of price value when it reached its three-year high value of $0.76. Its bullish momentum has got disturbed during the past three days after reports appeared on the surface that the United States Securities and Exchange Commission (SEC) is making preparations for filing a lawsuit against the San Francisco-based blockchain payment firm Ripple for allegedly conducting the sales of unlicensed securities. Binance Coin and Cardano’s native cryptocurrency also showed a good performance, according to Binance.
Furthermore, there were three trading pairs that were prominent on the trading platform of the Binance cryptocurrency exchange including LINK/USDT, BTC/USDT, and ETH/USDT.
Apart from this, Binance also talked about the overall cryptocurrency market cap in its report. The total market cap has surged from the figure of $190 billion to the current mark of nearly $640 billion this year. This is a remarkable performance.