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Investors Bullish on XRP & ETH, What’s Ahead For Crypto Market?

Author: Elena R

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Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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The crypto market has seen a wave of fluctuating market caps, leaving traders in a state of confusion. Most notably, the crowd sentiment is overwhelmingly positive for XRP and Ethereum, while Bitcoin, Binance Coin, and Cardano are not receiving as much attention. Historically speaking, bearish sentiment projects tend to perform better on average.

The past few weeks have been especially turbulent for the crypto market. With so many coins bouncing in independent directions, it’s hard to keep track of which ones are performing well and which ones aren’t.

However, one thing is certain – XRP and Ethereum have been seeing particularly high levels of euphoric crowd sentiment from traders. On the other hand, Bitcoin, Binance Coin (BNB), and Cardano (ADA) have not been receiving as much attention or interest from investors.

Crypto Trading Volume Hits 2.5-Year Low

Cryptocurrency trading volume has hit a 2.5 year low, leaving many investors wondering what this means for the future of crypto. On one hand, some experts believe that this could lead to less resistance and sell walls, allowing whales to pump prices more easily. On the other hand, others are concerned that with less trading volume, the utility of crypto will be limited and could cap long-term bull run potential.

The drop in trading volume is not necessarily a bad thing; it could mean that investors are simply taking a break from actively trading crypto and waiting for better opportunities in the future. However, there is also concern that it could indicate waning interest in cryptocurrencies as an investment option or even signal an impending bear market.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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