XRP, ADA, and XLM Defy Market Fatigue with Sustained Growth
- XRP surged 444% and Cardano 280% in the past 30 days.
- Santiment reports trader fatigue and quieter market sentiment after profit-taking.
- The absence of FOMO suggests these altcoins may continue their upward momentum.
The cryptocurrency market is seeing impressive gains, particularly for altcoins XRP, Cardano (ADA), and Stellar (XLM). XRP is up 444%, and Cardano is up 280% over the past 30 days. XLM has seen an even more astonishing growth of 512%. But a new report from market intelligence firm Santiment says these rallies may not be over yet.
Why XRP, ADA, and XLM May Keep Rising
Even though trader enthusiasm was at its peak a week ago, the current market sentiment is different. Santiment says retail traders are “fatigued” after profit-taking from the earlier rallies in late November. But these coins are still going up.
With less noise in the market, many investors are not buying or selling, which shows a quieter, more cautious phase. Santiment says this could be a positive indicator for continued price growth.
Historically, markets tend to move in the opposite direction of the crowd’s expectations. The absence of intense FOMO (fear of missing out) c…
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Crypto Market Hold Steady After Reports of US Inflation Declines to 2.3%
XRP, ADA, and XLM Defy Market Fatigue with Sustained Growth
- XRP surged 444% and Cardano 280% in the past 30 days.
- Santiment reports trader fatigue and quieter market sentiment after profit-taking.
- The absence of FOMO suggests these altcoins may continue their upward momentum.
The cryptocurrency market is seeing impressive gains, particularly for altcoins XRP, Cardano (ADA), and Stellar (XLM). XRP is up 444%, and Cardano is up 280% over the past 30 days. XLM has seen an even more astonishing growth of 512%. But a new report from market intelligence firm Santiment says these rallies may not be over yet.
Why XRP, ADA, and XLM May Keep Rising
Even though trader enthusiasm was at its peak a week ago, the current market sentiment is different. Santiment says retail traders are “fatigued” after profit-taking from the earlier rallies in late November. But these coins are still going up.
With less noise in the market, many investors are not buying or selling, which shows a quieter, more cautious phase. Santiment says this could be a positive indicator for continued price growth.
Historically, markets tend to move in the opposite direction of the crowd’s expectations. The absence of intense FOMO (fear of missing out) c…
The post XRP, ADA, and XLM Defy Market Fatigue with Sustained Growth appeared first on Coin Edition.
Read More