According to cryptocurrency analytics platform Santiment, XRP has become the top-trending cryptocurrency recently. The token has seen significant increases in metrics such as whale activity, trading volumes, and social media activity. The rise in popularity of XRP can be attributed to Bitwise's ETF filing and the SEC's appeal against Ripple. Other tokens like Aptos (APT) and Chainlink (LINK) are also being widely discussed. Despite October historically being a good month for cryptocurrencies, Bitcoin is down over 3% this month, while some altcoins have fared even worse. XRP, in particular, has performed poorly due to the SEC's appeal, with predictions that it could collapse to zero against Bitcoin. Santiment has noticed a decline in mentions of "Uptober" in recent days, indicating a loss of optimism in the market. However, this could potentially lead to a short-term price bounce, according to Santiment.
- Content Editor ( u.today )
- 2024-10-04
XRP Becomes Top Trending Token. Here's Why