There are all kinds of optimistic predictions about the prices of digital assets these days.
The latest ones include XRP, and you can find out all the available details below.
Healthy signals are flashing for XRP
It’s been just revealed that the crypto market intelligence platform Santiment analyzes key on-chain metrics for XRP that are flashing healthy signals for the coin.
Santiment is addressing XRP’s social volume metric and says discussions involving the sixth-largest crypto-asset all over the internet have been pretty quiet.
Check out what the firm has to say:
“XRP’s social volume saw an uptick, but nothing too crazy like what we observed back in April, where [its] price was parabolic and everyone was just crazy over XRP.”
Santiment continued and pointed out the following as well:
“This lack of interest from the crowd is healthy for now and more so when price keeps inching upwards and social volume remains low, suggesting perhaps the crowd are in disbelief.”
It’s also important to mention the fact that the XRP’s number of social mentions is down, but the firm says that its network has seen a massive uptick in daily active addresses.
This has been happening since bottoming out in late July, indicating that investors are likely finding real-world use cases for the altcoin.
“This surge of users against a relatively quiet price action is suggesting that it’s likely not speculators but actual deployment of users on the network for whatever use-case there is out there at the moment…”
Santiment continues and says that a good part of XRP’s Daily Active Addresses is “probably stemming from the increase in new participants as we can observe in the network growth metric. This sustained uptrend so far is generally a healthy sign for what’s to come.”
Stay tuned for more relevant news and make sure to check the crypto market.