Crypto intelligence firm Santiment says XRP is on the verge of turning Ethereum over for the first time in seven months in a key metric.
The company’s data shows XRP’s daily social volume is growing sharply, and the crypto asset will be the second most talked about coin in the market after Bitcoin.
“XRP’s daily social volume (mentions on crypto platforms) is on the verge of surpassing ETH for the first time in 7 months. This transition would be significant as it signals a change in the interest rate level between the two assets regardless of the positive attitude. ”
The sharp rise coincides with the big outbreak of XRP.
According to CoinMarketCap, XRP has regained its position as the third largest cryptocurrency by market capitalization and is up 119% in the past week.
feeling says The level of development of the XRP ledger is another encouraging sign of the future of the crypto asset. Ripple’s development activity in the ledger has increased five-fold compared to 18 months ago.
“Our findings are that frequent GitHub submissions (filtering out daily chores) indicate the long-term profitability of projects and their ability to grow in market capitalization and effectiveness.”
feeling says XRP’s rally comes as no surprise as it sticks to a well-established pattern of altcoins that catch up when Bitcoin pauses between large upward moves.
“It was an altcoin festival last week, just as our metrics showed that this would be a highly likely scenario. With BTC scraping off nearly $ 19,000 last week, the profits quickly poured into XRP and altcoins.
This pattern often occurs after a large dominant stretch of Bitcoin, as we’ve seen over the past six weeks. 85% of the top 100 blockchains made profits in the past week. “
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