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- Several digital currencies in the Santiment research gained at least 10% in the days that followed.
- XRP has a 98% investor satisfaction rate, which is two to three times lower than that of other coins with comparable features.
As per a crypto market intelligence portal, Santiment, the XRP native token of Ripple is presently the most popular among the public and is receiving positive sentiment on its account. The survey was conducted in the last seven days and XRP keeps companies within assets like BNB, Cake, and THETA.
The cryptocurrency market saw a big decline during this time that didn’t affect any of the assets. If the market’s whole spectrum experienced a decrease under roughly equivalent conditions, then each of the provided instruments would have to decide for themselves how to continue to accumulate and expand.
So, all of the coins in the Santiment study posted gains of 10% or more over the next few days, while XRP only managed to recoup 4% of the decline. At the same time, the percentage of investors who are positive about XRP is 98%, which is two or more times lower than that of other tokens with similar characteristics.
Thus, every currency in the Santiment research had gains of at least 10% over the following several days, whereas XRP only recovered 4% of the loss. However, XRP has a 98% investor satisfaction rate, which is two to three times lower than that of other coins with comparable features.
XRP is currently trading at $0.3526, and it has traded at $0.3521 in the last seven days.And in the time duration of one month, XRP registered a hike on July 30th, and the trading price was $0.4079.
Ripple is planning to expand its use cases and, according to the report analysis by Ripple, around 76% of financial organisations and 71% of businesses will enable the use of cryptocurrencies and blockchain technology by 2025.
As Ripple noted in its PR, “This makes it possible for 47,000 Thai nationals living in Japan to send money home faster. Customers can use ATMs to instantly send money in JPY to a recipient’s SCB savings account in Thailand and receive funds in THB within seconds.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
