A recent report from Santiment shows that traders expect prices to rise for these coins, but not for Polkadot
Popular on-chain data provider Santiment tweeted that trader sentiment is rising regarding the three major digital currencies – Bitcoin, BNB and XRP.
However, the report stresses that trader sentiment for Polkadot (DOT) has become even more negative.
XRP, BNB, BTC are expected to rise
The weighed sentiment comparison metric shows that, since the close, trader sentiment for Bitcoin and exchange-affiliated coins Ripple and Binance has outpaced all other cryptocurrencies in the market.
However, data shows that sentiment on Polkadot (DOT) is “more negative than usual”.
A month ago, Santiment spread the word about XRP in the face of a massive buildup of whales – the second in five years. At the time, the analytics company shared that XRP addresses with over 10 million coins were sourcing XRP.
XRP, BNB, Bitcoin price behavior in 2022
Since this year started, all the three coins have been in decline. Bitcoin began descending from the $47,700 area, dropping the lowest of $33,495 on 24 January. Having reached $44,000 a few times over the first quarter of 2022 so far, the flagship cryptocurrency is changing hands at $39,076 as per CoinMarketCap. This is 43.17 percent below the $68,789 all-time high BTC reached on November 10.
On January 3, Binance Coin (BNB) was trading at $531.6. The lowest level of this year so far was reached on February 24 – $331.12 per coin. At the time of writing, the asset is sitting between $373.64 and $45.89 below its all-time high of $690.93 hit by BNB on May 10 of last year.
XRP started the year at the $0.8617 mark on January 2. Since then, the coin has seen a low of $0.565 on 24 January. On 8 February, the sixth largest cryptocurrency managed to appreciate to the $0.925 level.
However, the SEC’s ongoing lawsuit against Ripple Labs and two of its bosses – Brad Garlinghouse and Chris Larsen – is preventing the coin from reaching new heights. As U.Today recently reported, the court denied individual motions by Garlinghouse and Larsen to dismiss the SEC’s personal lawsuits against them.
On Saturday, XRP returned to the price line from it started the year – $0.84. At press-time, XRP is changing hands at $0.8007.
Binance moves 50.7 million XRP
According to Whale Alert’s recent tweet, the world’s largest exchange Binance transferred a large chunk of XRP of 50,692,009 to a wallet labeled as unknown. This is the equivalent of 40,312,788.
However, Bithomp platform that focuses on XRP on-chain analytics has shown that the wallet marked by Whale Alert as “unknown” is in fact another address that belongs to Binance.
