TL;DR
Japan and many more
Despite the long-running lawsuit between Ripple and the United States Securities and Exchange Commission, the entity's native token, XRP, remains among the hottest cryptocurrencies. His popularity increased significantly last year when Ripple scored three vital (albeit partial) court victories against his opponent.
According to the most recent trends, XRP has even ethereum&hl=en” target=”_blank” rel=”noopener” data-wpel-link=”external”>overcome ethereum (eth) in Google searches in certain countries (over the last month). Japan, the Philippines and South Africa are the top three countries where Ripple's currency has eclipsed their own. Searches for XRP have also increased in Finland, Malaysia and Indonesia, although more modestly.
ethereum remains most popular in some major European economies, including France, Sweden, Spain, Germany, Switzerland, and others.
A few months ago, Solana briefly turned around eth in terms of Google searches. The trend coincided with the rapid price rise of SOL, which soared approximately 1,000% between the beginning of last year and New Year's Eve.
Can XRP progress further?
Some might argue that the popularity of the Ripple coin could rise even further if its price soars in the coming months. The crypto space is filled with analysts who have recently predicted colossal rises for the coin.
Several important factors and upcoming developments suggest that such a rise is not out of the question. Perhaps the most obvious is the outcome of the lawsuit between Ripple and the SEC, which is moving closer to a big trial (programmed April 23th).
A decisive victory for the company could generate huge excitement and spark a bull run for XRP and the entire market. On the other hand, the opposite scenario could slow the progress of the industry.
The bitcoin Halving It's also worth mentioning. The event occurs approximately every four years and reduces the rate at which new btc is mined. Historically, it has been followed by a massive cryptocurrency bull run, which could positively impact the price of XRP.
For those willing to explore additional factors that could play a role, feel free to watch our dedicated video below:
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