COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Ripple’s XRP and Linear Finance’s LINA: An Analysis of Altcoin Market Trends
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Altcoin News > Ripple’s XRP and Linear Finance’s LINA: An Analysis of Altcoin Market Trends
Altcoin NewsRipple (XRP)

Ripple’s XRP and Linear Finance’s LINA: An Analysis of Altcoin Market Trends

In Brief

  • Santiment, a leading crypto data platform, continues to highlight altcoin market trends, focusing on the notable rise in Ripple’s XRP and Linear Finance’s LINA. The platform points out a repeat of the bullish signal for XRP before its major rally in March, while also reporting that large Bitcoin (BTC) investors have switched to accumulation mode. ContentsSantiment […]
İlayda Peker
İlayda Peker 2 years ago
Share
SHARE

Santiment, a leading crypto data platform, continues to highlight altcoin market trends, focusing on the notable rise in Ripple’s XRP and Linear Finance’s LINA. The platform points out a repeat of the bullish signal for XRP before its major rally in March, while also reporting that large Bitcoin (BTC) investors have switched to accumulation mode. 

Contents
Santiment Sheds Light on Altcoin Market through XRP and LINABig Bitcoin Investors Have Activated Accumulation Mode

Santiment Sheds Light on Altcoin Market through XRP and LINA

Santiment reports a rise in daily XRP wallet activity, historically significant before a major breakout. Referring to a significant increase in XRP’s wallet address activity on March 18, 2023, and the subsequent 45% increase in price over the following ten days, the platform stated: 

XRP has seen the second and third largest wallet address activity increase in its history over the past two days. There is a slight 4% divergence between the altcoin market and XRP, and if history repeats what happened after the wallet address activity increase on March 18, this divergence might increase.

Continuing to shine a light on the altcoin market, Santiment also suggests that the recent rise of synthetic asset platform Linear Finance (LINA) could indicate a potential short-term rally in the altcoin market: 

Since Linear Finance has shown a 62% increase over the last three days, altcoins continue to show encouraging signs. Amid current volatility, a whale-level exchange wallet address has emptied a significant portion of its LINA assets, with a transfer of 910 million LINA, worth $15.6 million, over approximately 48 hours.

According to the crypto data platform, the price movements in both XRP and LINA are extremely positive for the overall altcoin market. 

Big Bitcoin Investors Have Activated Accumulation Mode

Santiment reported that shark-level and whale-level BTC investors, which it categorizes as large Bitcoin investors, have accumulated a total of 93,000 BTC since the market fell from its local high of approximately $30,000 in mid-April. 

In assessing the current trend of Bitcoin sharks and whales, the crypto data platform stated: “Wallet addresses holding between 10 and 10,000 BTC seem to be acting cautiously as the price has moved between $26,000 and $30,000 over the past month. Regardless, since the price fell from its local high in mid-April, they have accumulated a total of 93,000 BTC.” 

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

LF Labs Steers Bold Crypto Market Move on Fourth Anniversary

South Korea Sees Crypto Coins Surge as Excitement Spreads

Massive Coin Releases Shake the Crypto Landscape Next Week

Altcoin SUI Reaches New Heights Driven by Growing Adoption and Institutional Interest

Cardano Embraces XRP: Unveiling New Collaborative Ventures

İlayda Peker 1 June, 2023 - 2:25 pm 1 June, 2023 - 5:33 pm
Share This Article
Facebook Twitter
Share
İlayda Peker
By İlayda Peker
Follow:
Uluslararası İlişkiler ve Siyaset Bilimi Mezunu, Kitap sever.
Previous Article Binance Assists U.S. Law Enforcement in Seizing $4.4 Million from North Korean Linked Accounts
Next Article What is Airdrop?
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

LF Labs Steers Bold Crypto Market Move on Fourth Anniversary
Altcoin News
Discover MemeStrategy’s Strategic Move with Solana Investment
Solana (SOL)
South Korea Sees Crypto Coins Surge as Excitement Spreads
Altcoin News
The Resilient Performance of Cryptocurrency Funds Under Geopolitical Tensions
Cryptocurrency News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?