The performance of XRP, one of the largest altcoins, could be a good sign for the altcoin market in general.
XRP, which has been the best performer among the top 10 cryptocurrencies in recent days, has increased throughout the week. gained about 15%.
The trading volume of XRP, which briefly surpassed Binance Coin (BNB) before falling, also From $1 billion to over $2 billion It went up to .
Ruslan Lienkha, YouHodler’s manager in charge of markets, pointed out the mobility in other altcoin prices and said that XRP’s performance not exceptional told. According to Lienkha, the activity in altcoins is “actually a result of Bitcoin’s growth because other coins, generally later reaction is showing.”
CTF Capital analysts also Ethereum vs Bitcoin He thinks that it is a positive indicator for the altcoin market that it is starting to gain strength again.
According to analysts, this means that investors independent of exchange traded funds (ETFs) It may mean that he has an optimistic attitude towards cryptocurrencies.
CTF Capital analysts also believe that this activity smaller cryptocurrencies, as in past bull cycles. He added that he could lie down.