The number of XRP investors who hold between 1,000 and 1,000,000 tokens has risen over the past month, despite the decline in the altcoin’s...
investors who hold between 1,000 and 1,000,000 tokens has risen over the past month, despite the decline in the altcoin’s value. This, according toIn fact, Santiment found that this cohort of XRP holders totalled 860,000, having climbed by 0.23% in the last 30 days.
Data also revealed that towards the beginning of the year, the number of XRP whales who held between 1,000 and 1,000,000 XRP tokens was 867,000. This number gradually fell to a year-to-date low of 858,000 by 3 April, after which it began to climb.The hike in an asset’s whale count is significant, as it often precedes a rally in its price. While the recent market downturn has affected XRP and caused it to suffer a 7% value loss, demand for the altcoin persists among market participants.
This indicator tracks the flow of money into and out of an asset. When it rises while an asset’s price declines, a bullish divergence is formed. It means buyers are accumulating the asset despite the price dropping. This might be because they believe the price decline is temporary or represents a buying opportunity.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why Bitcoin’s halving will be better for Ethereum, XRP, BNB price predictionsWhile all eyes lay on Bitcoin [BTC] halving, altcoins like Ethereum, XRP, and BNB might initiate an altcoin rally
Read more »
Why did XRP, DOT crash by 10% and is a trend reversal coming?The crypto-market turned bearish in the last 12 hours, causing most crypto prices to crash including XRP, TON, and DOT...
Read more »
Explaining why XRP’s price fell below $0.60 despite RippleX’s updateRippleX, the open developer platform of Ripple [XRP], announced that the 'fixAMMOverflowOffer’ amendment has gone live
Read more »
Why Cardano (ADA) Will Outpace XRP in Race to $1 as InQubeta Launches on UniswapAmidst the broader crypto market correction, a new AI-focused project, InQubeta (QUBE), has recently made its debut. The project...
Read more »
Why is Bitcoin dropping and why are Ethereum, altcoins taking BTC’s lead?Bitcoin [BTC] sank below $60,000, extending a string of losses in what has been one of the worst months for the cryptocurrency market.
Read more »
Why Canada has so many cyberattacks—and why we're all at riskCybersecurity boss Sami Khoury tells us how crime plays out in the Cyber Wild West
Read more »