Analysts from Santiment, one of the popular analysis companies in the cryptocurrency world, published a report with interesting data about Bitcoin and Ripple (XRP).
According to the latest information shared by analysts, there are now 5.02 million wallets with more than 0 XRP coins on the XRP Ledger, the network on which XRP is located. This is a new record for XRP, which has been in operation for nearly 10 years.
Ripple, the world's sixth largest cryptocurrency by total market value, has doubled its number of wallets (+104%) in the last three years, along with the growth and development experienced by its network.
However, on the Bitcoin side, after the decline to around $ 38,000, there was a recovery and the BTC price again exceeded $ 42,000. According to analysts, this recovery in Bitcoin has not yet made itself felt in altcoins. However, according to analysts, with the S&P 500 breaking a new record, according to the bull scenario, BTC and other large market value cryptocurrencies may try to catch up with the stock market.
According to Santiment, the cryptocurrency industry is performing well behind the US stock markets, especially with the decline on January 17.
*This is not investment advice.