CandleFocus

XRP Outperforms Bitcoin in Key Metric

XRP Outperforms Bitcoin in Key Metric
The number of empty wallets on the XRP and Ethereum networks has been growing, indicating an increasing user base. However, Bitcoin has seen a decline of 277,240 no-empty wallets in the past three weeks, suggesting smaller players dropping out of the market. Santiment, an analytics platform, sees this as a positive sign for long-term price performance, as whales and sharks tend to accumulate coins from smaller players, driving up market prices. Bitcoin is currently trading below $100,000 at $96,008, and Bitcoin ETFs have also underperformed with $251 million worth of outflows on Wednesday.

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