Cryptocurrency general in the market altcoins In general, decreases between 1% and 2% were observed in the past 7 days.
According to Santiment, a crypto analysis platform, two of the coins most affected by this situation are XRP and ADA, which saw high volumes of sales at low prices. According to the analytics platform, these two coins are being moved at low prices after seeing a high profit buying last week.
Santiment’s data shows that both XRP and ADA are traded at a loss by a large percentage of holders, suggesting that many investors decided to cash out after the recent rally.
However, Santiment also suggests that this could be a sign of a potential bounce, as oversold conditions create an opportunity for bargain hunters to enter the market.
As it is known, the possible end date of the SEC lawsuit is expected in the XRP price. According to experts, even if Ripple loses the case, it will take years for the high court to conclude.
XRP price has lost 1.64% in the last 1 week, while Cardano has lost 0.95% in the same time period.
*Not investment advice.
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