XRP's Wallet Activity Logs Precipitous Drop

CoinMarketCap
04 Apr
Cover image via U.Today

According to a recentreport by CoinMetrics, XRP has recorded a 10.77% decline in wallet activity over the past week. This is the largest drop among major altcoins (behind only Ethereum).

Bitcoin, the top cryptocurrency by market cap, has also recorded a 1.16% decline.

Meanwhile, Chainlink (LINK) has logged a 5.45% increase in wallet activity. Cardano's (ADA) has also seen negligible growth of 0.41%.

That said, XRP has seen a 25.5% increase in transaction count. Meanwhile, Bitcoin has logged a 7% decrease.

XRP has also recorded a whopping 130% increase in futures volume amid increasing volatility. However, its open interest has declined by 1.42%.

The cryptocurrency market has suffered a severe correction over the past week amid the global market mayhem.

The Ripple-linked cryptocurrency has underperformed some other major cryptocurrencies, with its market cap declining by more than 13%.

Read original article on U.Today

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10