Cryptocurrency analytics company Santiment shared a noteworthy assessment of XRP. According to the company, there are significantly more negative comments about XRP on social media than average.
Santiment argued that past data shows such periods can result in price increases. The company’s assessment stated, “When individual investors doubt a coin’s ability to rise, the probability of an upside increases significantly.”
According to the latest data, XRP is trading at $1.92, up 0.58% in the last 24 hours. XRP’s all-time high was $3.84 on January 4, 2018, and the current price is approximately 49.7% below that peak.
Santiment also highlighted the number of active wallets on networks with large market capitalization. According to their data, Ethereum has approximately 167.96 million, Bitcoin 57.62 million, Tether 9.63 million, Dogecoin 8.13 million, and XRP Ledger 7.41 million active wallets. Cardano has 4.54 million, USD Coin 4.39 million, and Chainlink 819,000 active wallets.
*This is not investment advice.
