Whales Keep Accumulating This Altcoin! – Famous Analysis Firm Announced

Crypto insights firm Santiment has determined that strong-holding crypto investors are holding large holdings on a major altcoin as the markets experience price drops.

Centiment, one million to 10 million Ripple (XRP) It found that whales or owners with wallets containing more than 19 million of the eighth-largest cryptocurrency have accumulated over the past three months.

“XRP is currently trading at around $0.81, but the “smart money whale” millionaires continued their trend of accumulating a one-year, more supply. Addresses with 1 million to 10 million XRP hold 3.31 billion, including a 6% increase in assets over the last three months.”

XRP was trading at $0.81 at the time of writing, which indicates that smart money whales currently hold over $2.66 billion in XRP.

Santiment, also EthereumHe also follows closely. According to the firm, the drop in Ethereum’s transaction fees may be encouraging users to join the network.

“We may now be seeing a new wave of interest in ETH fueled by low barriers to entry. The new addresses interacting with ETH show the same (allocated) pattern.

It’s early to say, but could it be a sign of renewed fundamental strength for the second largest coin?”

Including Bitcoin in its analysis, Santiment thinks that a bullish signal can still be seen in fearful and skeptical market conditions. According to Santiment, the trader sentiment implies that BTC is already in the process of providing support.

bitcoinTrader sentiment has dropped into bearish territory as people are now beginning to be skeptical about a return to mid-November prices, with the price temporarily lowering below $48,000. Historically, negative sentiment is an early sign of BTC price bottoming out.”

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.

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