thecryptobasic.com
$XRP takes the lion’s share as the most staked asset on Bitrue’s Power Piggy staking service, along with Bitcoin ($BTC).
$XRP has emerged as the most staked asset on Bitrue’s Power Piggy, a crypto staking or investment product where users earn passive income. The crypto exchange disclosed on Twitter today that the top three Power Piggy assets are $XRP, Xinfin ($XDC), and Bitcoin ($BTC).
🤔 Top 3 Power Piggy Assets on Bitrue
🚀 Wanna know our MOST staked assets on Power Piggy? $XRP $XDC $BTC
Find out more about the project👉 https://t.co/MocxElcUuD
Stake $XRP $XDC $BTC NOW on Bitrue 👇https://t.co/T5V3q9W9Xo pic.twitter.com/Uesp28g0Mt
— Bitrue (@BitrueOfficial) June 9, 2023
Through the official announcement, Bitrue noted that $XRP, $XDC, and $BTC emerged as the top three for various reasons, such as enabling seamless cross-border transactions, facilitating robust solutions in enterprise blockchains, and being the pioneer cryptocurrency, respectively.
Launched in early 2019, Power Piggy supports over 100 cryptocurrencies with interest rates varying from 2% to 12%. Bitrue announced support for $XRP in January, promising a 1.5% APR with no lockup period.
Why is $XRP ticking?
Deemed a game-changer in the global financial system, $XRP seeks to make international transactions more accessible, faster, and more affordable thanks to its decentralized blockchain technology that facilitates near-instantaneous transfers.
Since global money transfers are associated with high fees, $XRP is viewed as a cost-effective alternative based on its deep scalability and liquidity. As a result, adoption has skyrocketed, contributing to $XRP’s dominance on Power Piggy.
Furthermore, $XRP’s adoption recently got a boost after Uphold, a US-based financial platform, partnered with Xumm for users to easily purchase the crypto asset using debit or credit cards.
Meanwhile, $XRP’s remarkable run has not gone unnoticed, given that a recent report by Crypto.com revealed that the coin was the best-performing crypto asset, with an impressive 12.8% month-over-month surge, as reported by The Crypto Basic.
Nevertheless, market analyst Ali believes caution should not be thrown to the wind because $XRP’s social volume is at its highest point in three months. He noted that even though $XRP showed signs of strength, its high social media mentions would be detrimental to its price. $XRP is up by 1.68% in the past 24 hours to hit $0.5281 at the reporting time.