Increase in XRP Ledger Network Activity Boosts Cryptocurrency Price
The XRP Ledger (XRPL) community has seen a notable improve in deal with activity this week, coinciding with a major improve within the worth of the related cryptocurrency. According to crypto analytics agency Santiment, XRPL has seen a substantial improve in each new deal with creation and complete community interplay, with each metrics reaching their highest ranges since March.
Implications of Increased Activity
Santiment explains that, usually, a rise in community activity signifies a optimistic motion. However, it additionally warns of a attainable “FOMO effect” (Fear Of Missing Out) within the preliminary levels of this peak of activity, which might trigger a correction just like the one we’re observing. “Now it is time to see if XRP activity maintains these levels,” Santiment factors out.
Optimistic Outlook for Solana (SOL)
As for Solana (SOL), a competitor to Ethereum (ETH), Santiment sees a bullish near-term future for the asset. “Solana faithful have been rewarded for their patience as prices have increased by +33% since July 4th. This rise is being driven by public hesitation towards SOL. Until FOMO replaces FUD, a $200 SOL is completely achievable soon,” signifies the signature.
This surge in XRP Ledger community activity displays rising curiosity and could possibly be an early indicator of continued bullish tendencies for XRP and different cryptocurrencies like Solana. The crypto neighborhood stays attentive to those developments, anticipating the following strikes within the market.
