Santiment, a popular on-chain data source, shared that the investor mood has improved for three of the top 10 cryptocurrencies. The firm’s recent report shows that investors are expecting a rally in some altcoin projects, but are shooting about Polkadot.
According to research, investors are turning away from some altcoin projects
Besides, creators, popular altcoins XRP, BNB and leading crypto BTC are also on the rise. Evaluated investor sentiment has recently been climbing above all other cryptocurrencies in the market for Bitcoin and cryptocurrencies associated with Ripple and Binance (BNB). But research reveals that the Polkadot (DOT) attitude is “more negative than usual.”
Santiment reported a month ago that XRP is facing a massive backlog of whales, the second largest increase in five years. According to the analytics firm, whales holding more than 10 million XRP were stocking up on XRP at the time.
XRP, BNB and Bitcoin price in 2022
All three cryptos have been on the decline since the beginning of the year. Bitcoin started to drop from around $47,700 and dropped to $33,495 on January 24. According to CoinMarketCap, the leading cryptocurrency is trading in the $39,000 region after hitting $44,000 several times in the first quarter of 2022. This means that BTC has lost 43.17% since Nov. 10, moving well away from its ATH of $68,789.
Binance Coin (BNB) dropped from $531.6 on January 3 to a year-low $331.12 on February 24. BNB is currently trading around $370, down 45.89% from its ATH level of $690.93 on May 10 of last year. On January 2, XRP opened the year at $0.8617. It dropped to $0.565 on January 24 and is trading at $0.8 after losing the $0.9 support on February 8.
Moved 50.7 million XRP from Binance
According to a recent tweet by Whale Alert, the largest global exchange Binance sent a massive XRP aggregate sum of 50,692,099 to an unknown wallet. This transaction was worth a total of $40,312,788, indicating that the wallet labeled “unknown” by Whale Alert is indeed another Binance address.
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