XRP Outshines Gold, Stocks, And Bitcoin As Thailand’s Best Asset

According to reports citing Thailand’s financial regulator and local market data, XRP posted the strongest year-on-year return among major assets in the ￰0￱ cryptocurrency recorded about 390% gains compared with the same period last year, and it has held the top spot for nine consecutive months, based on the figures ￰1￱ activity was heavy in August, with roughly 299 billion baht of crypto trades recorded — about $8 billion — and some 230,000 active accounts touching the ￰2￱ Tops Local Returns Market breakdowns show that retail traders made up a large share of the ￰3￱ investors accounted for about 40% of August trading activity, while the rest came from institutions, foreign accounts and corporate ￰4￱ data, which has been repeated across a number of outlets, points to broad participation by ordinary traders in Thailand rather than a single big player driving ￰5￱ Volume, Big Questions While the headline numbers are eye catching, analysts say simple comparisons have ￰6￱ return is only one way to measure ￰7￱ and gold are often judged on total return, which can include dividends and other ￰8￱ returns can swing wildly over short stretches, especially when base prices a year earlier were ￰9￱ makes any year-on-year figure sensitive to timing and market ￰10￱ Context And Usage Based on reports from the regulator and market observers, cryptocurrencies in Thailand are mainly held for investment rather than daily ￰11￱ is not generally permitted as a standard means of payment, though limited pilot programs have been tried for specific ￰12￱ mix of strong speculation and limited everyday use helps explain why price moves may be sharp even as broader adoption for commerce remains ￰13￱ And Data Reliability Some experts warn that the headline percentage masks risk.

XRP’s rise may reflect a recovery from a depressed price level a year ago, along with intensified interest from retail ￰14￱ quality and methodology also ￰15￱ volumes and account counts are often reported by exchanges or consolidated by the regulator, and different sources can use different filters or ￰16￱ Watchers Call For Caution Observers say greater attention from regulators is likely as crypto trading gains ￰17￱ suggest the surge could bring tighter rules aimed at investor ￰18￱ image from Unsplash, chart from TradingView