Ripple’s XRP On The Verge Of Something Big As Number of Whales Reach Astronomical Levels

Ripple’s XRP On The Verge Of Something Big As Number of Whales Reach Astronomical Levels
фото показано с : zycrypto.com

2020-11-1 16:32

Despite XRP’s seemingly weak performance in the market, data from the crypto information platform Santiment reveals that the number of XRP whales is on the rise. The number has increased in the last six months with the number of whales holding 100,000 to 10,000,000 XRP seeing an astronomical rise.

Those holding 100 thousand to 1 million increased by 19.7% from 14,525 to 17,387 whales. This is the category of whales that recorded the highest increase. Those holding 10 million or more XRP increased by 10.4% from 280 to 309 while those holding 1 million to 10 million coins recorded the least increase of 2.2% from 1,307 to 1,336 whales.

Investors still have confidence despite poor price performance

Since XRP reached its all-time high of $3.53 in January 2018, it has dropped continuously to the current price of $0.247. This is in spite of other altcoins posting huge growth such as LINK which has been one of the best performing cryptocurrencies this year. Because of the stagnated growth, Tether (USDT) also replaced it as the 3rd largest cryptocurrency by market capitalization.

The increasing number of whales holding the cryptocurrency however is a sign that investors still believe there is a bright future for XRP. The XRP community also known as the XRP army is one of the strongest cryptocurrency communities in the space and they have held on for a long time, believing that the cryptocurrency will increase in price to $589. Though they have been fiercely criticized for this optimism, it may not be all crazy as the mass adoption of a cryptocurrency is an important driver of price action. As more whales continue to accumulate, the price may eventually follow, but it is not certain when this may happen.

Market update

The market experienced a pullback yesterday with Bitcoin retracing towards $13,000. However, it has bounced back and XRP is not left behind. It has gained 2.84% in the last 24 hours and my gain even more as the market continues to boom.

As Bitcoin continues to evolve, some believe that an altcoin season may follow eventually. While it is not certain when this will happen or if it will happen at all, XRP will be prepared enough to feature among the alts to explode in the season.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.4844 (-1.45%)
Объем 24H $1.242b
Изменеия 24h: 0.94 %, 7d: -8.17 %
Cегодня L: $0.4751 - H: $0.4975
Капитализация $26.885b Rank 7
Цена в час новости $ 0.239 (102.68%)

number xrp whales 100 holding rise astronomical

Источник: zycrypto.com

number xrp → Результатов: 126


Фото:

David Schwartz: Ripple Is Working On ‘Very Exciting’ Features That Could Allow Creation Of Stablecoins On the XRP Ledger

A number of changes on the XRP ledger could be looming, including one that could allow the creation of tokens backed by some assets. Ripple’s Chief Technology Officer, David Schwartz, recently revealed that they are working on “very exciting” features to improve the XRP ledger in terms of functionality, subsequently expanding XRP’s use cases. Stablecoins […]

2020-2-29 22:57


What Could XRP Price Be if Courts Decide it’s a Commodity?

XRP, Ripple’s native utility token, has been stuck under $0.25 for a number of months now, as traders wait for bullish news to arrive. But what would happen to XRP price if the US court recognized the asset as a commodity and put an end to the ongoing lawsuit?  Wild Predictions Call XRP to Break Above $500 XRP has fought for acceptance and is viewed as a wildcard in the world of crypto, possibly bouncingRead More The post appeared first on Bitcoinist.com.

2020-1-20 18:00


Swell 2019: How On-Demand Liquidity Is Changing the Global Payments Game

Last year at Swell, we first announced On-Demand Liquidity (ODL), which leverages the digital asset XRP as a bridge currency to eliminate the need for pre-funding in cross border payments. Since then, we have seen tremendous growth and customer interest with more than 7x the number of transactions using ODL from the end of Q1 … Continued The post Swell 2019: How On-Demand Liquidity Is Changing the Global Payments Game appeared first on Ripple.

2019-11-7 13:36


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto Analyst Predicts XRP Price Breakout Of Critical Zone, Sets Target As High As $7.5

A crypto analyst has boldly predicted a significant price breakout for the XRP price, setting a target as high as $7.5 despite the cryptocurrency trading below $1 presently. While this projection may seem ambitious, if realized, it would mark new all-time highs for XRP, decisively ending the cryptocurrency’s years-long downward trend. XRP’s Roadmap To $7.5 […]

XRP Price Rebound in Jeopardy: Recovery May Falter

XRP price declined heavily from the $0. 5250 resistance zone. It tested the $0. 4540 support zone and is now attempting to recover above $0. 4880. XRP is correcting losses above the $0. 4820 and $0.

Shiba Inu And XRP Have Fallen Behind PEPE In This Major Metric

Popular frog-themed cryptocurrency, Pepe (PEPE) has witnessed a dramatic surge in its trading activities, surpassing prominent cryptocurrencies like XRP, the 7th largest cryptocurrency by market capitalization and Shiba Inu (SHIB), the second largest meme coin by market capitalization.