Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Popular on-chain data provider Santiment has tweeted that trader sentiment is rising regarding three top ten digital currencies – Bitcoin, BNB and XRP.
However, the report stresses that trader sentiment for Polkadot (DOT) has become even more negative.
XRP, BNB, BTC are expected to rise
Weighed Sentiment Comparison metric shows that as of late trader sentiment for Bitcoin and coins affiliated with Ripple and Binance exchange has been rising above all other cryptocurrencies on the market.
However, data shows that sentiment on Polkadot (DOT) is “more negative than usual”.
? A comparison of #crypto's top assets by market cap reveals #Bitcoin, #XRPNetwork, and #BinanceCoin are showing signs of traders expecting price rises. Meanwhile, #Polkadot is one of the few top caps where trader sentiment is more negative than usual. https://t.co/nlBy5q9oMz pic.twitter.com/9QgSI5oV2E
— Santiment (@santimentfeed) March 13, 2022
A month ago, Santiment spread the word about XRP facing a massive accumulation by whales – the second biggest in five years. Back then, the analytics company shared that XRP addresses with more than 10 million coins were stocking up on XRP.
XRP, BNB, Bitcoin price behavior in 2022
Since this year started, all the three coins have been in decline. Bitcoin began descending from the $47,700 area, dropping the lowest of $33,495 on 24 January. Having reached $44,000 a few times over the first quarter of 2022 so far, the flagship cryptocurrency is changing hands at $39,076 as per CoinMarketCap. This is 43.17 percent below the $68,789 all-time high BTC reached on November 10.
On January 3, Binance Coin (BNB) was trading at $531.6. The lowest level this year so far was reached on 24 February - $331.12 per coin. At the time of writing, the asset is sitting at $373.64 - $45.89 percent below its historic high of $690.93 that BNB hit on May 10 last year.
XRP started the year at the $0.8617 mark on January 2. Since then, the coin has seen a low of $0.565 on 24 January. On 8 February, the sixth largest cryptocurrency managed to appreciate to the $0.925 level.
However, the continuous law suit of the SEC against Ripple Labs and two of its bosses – Brad Garlinghouse and Chris Larsen – prevents the coin from reaching new highs. As reported by U.Today recently, the court has denied the individual motions of Garlinghouse and Larsen to dismiss SEC’s law suits started personally against them.
On Saturday, XRP returned to the price line from it started the year – $0.84. At press-time, XRP is changing hands at $0.8007.
Yuri MolchanBinance shifts 50.7 million XRP
According to the recent tweet by Whale Alert, the biggest global exchange Binance has transferred a hefty XRP lump of 50,692,009 to a wallet tagged as unknown. This is the equivalent of 40,312,788.
However, Bithomp platform that focuses on XRP on-chain analytics has shown that the wallet marked by Whale Alert as “unknown” is in fact another address that belongs to Binance.
? ? ? ? 50,692,009 #XRP (40,312,788 USD) transferred from #Binance to unknown wallethttps://t.co/74eOrgNgmX
— Whale Alert (@whale_alert) March 12, 2022
Denys Serhiichuk
Dan Burgin
Alex Dovbnya
Vladislav Sopov