tldr; On-chain data reveals that XRP wallets have been growing at a parabolic rate, surpassing major networks like Bitcoin and Ethereum. The Total Amount of Holders, which tracks non-zero balance addresses, has sharply increased for XRP since October 18th, indicating a surge in new investors or returning ones. This growth in wallet numbers preceded a price rally in mid-November, suggesting that rapid adoption laid a strong foundation for XRP’s price movement. Despite this growth, XRP remains the smallest network among the top cryptocurrencies with 5.75 million investors.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
noviwu97 on
I’m one of them, trading memecoins in XRPL.
MythicMango on
they’re trying to catch up to Stellar
CragBawz on
At least something is going parabolic
Other-Comfort5592 on
customer told me to buy two weeks ago. I did it went up then I went down and I sold then I called it a day. I feel like it’s just not really worth it.
5 Comments
tldr; On-chain data reveals that XRP wallets have been growing at a parabolic rate, surpassing major networks like Bitcoin and Ethereum. The Total Amount of Holders, which tracks non-zero balance addresses, has sharply increased for XRP since October 18th, indicating a surge in new investors or returning ones. This growth in wallet numbers preceded a price rally in mid-November, suggesting that rapid adoption laid a strong foundation for XRP’s price movement. Despite this growth, XRP remains the smallest network among the top cryptocurrencies with 5.75 million investors.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I’m one of them, trading memecoins in XRPL.
they’re trying to catch up to Stellar
At least something is going parabolic
customer told me to buy two weeks ago. I did it went up then I went down and I sold then I called it a day. I feel like it’s just not really worth it.