Rising Interest in Buying the Dip: Old XRP Coins Stir Market Buzz
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- Dormant tokens in the XRP Ledger have begun to stir, setting the stage for May’s market activity.
- New data suggest the blockchain is seeing another “huge blast” in dormant XRP movement, alongside increasing open interest.
- XRP Ledger developers recently proposed a system for offering fixed-term loans with interest, using pooled funds, and without the need for on-chain collateral.
Old XRP coins are stirring on the ledger, suggesting a potential surge in ‘buy the dip’ interest from key stakeholders. This development, coupled with increasing open interest, could boost confidence among market players.
Surge in Old XRP Coin Movement
According to Santiment’s Token Age Consumed metric, there has been a significant surge in the movement of old XRP coins on the ledger, similar to the spike observed just before the market downturn on April 13th, during which the cryptocurrency plummeted by 16%. However, in this particular case, there’s a compelling argument suggesting that this movement is tied to potential “buy the dip” interest from influential stakeholders, the crypto-analytic platform said in its latest Read the full article for FREE at COINOTAG!
