Ripple (XRP) is included in this prestigious list: Lists

TL; DR

Ripple's XRP ranks seventh in conversation volume, likely due to speculation surrounding its legal case with the SEC. The outcome of the lawsuit could have a significant impact on the entire cryptocurrency market.

These cryptocurrencies lead the pack

Crypto market intelligence platform – Santiment – has listed the top 10 cryptocurrencies that received the most attention this week.

Somehow, the digital asset that is placed in the highest position is the largest by market capitalization – Bitcoin (BTC). Interest around it is usually high, but with the halving scheduled to take place less than two weeks from now, the stakes are even higher.

Sentiment cited BTC's impressive price performance of late, stating that many traders are optimistic that “the post-halving market will bring $80,000 to sustain mining profitability.”

The event happens every four years and halves the reward given to miners for validating blocks on the Bitcoin blockchain. This lowers the temperature of producing new coins, making them rarer and more valuable in the future.

Historically, each halving in the past has been followed by a major correction for the price of BTC and the entire digital asset market.

Ethereum (ETH) follows in second place. According to Sentiment, the main discussions around the property in the coming months are related to potential growth, gas charges and network congestion.

Solana (SOL) made a strong focus by rounding out the top 3 list. “Network congestion is on. Solana It remains a polarizing topic as marketers struggle with marketing and issues. Despite these discussions, there is still a big surprise among the network's supporters, who see it as a payment and speed improvement compared to Ethereum.

Where is XRP?

Ripple's XRP ranks as the seventh most dominant cryptocurrency in terms of conversations. It ranks at the bottom of the top 10 club, ahead of Lido Dao ( LDO ), SafePal ( SFP ), and Tron ( TRX ).

The interest around XRP can be related to this. The upcoming lawsuit Between Ripple and the United States Securities and Exchange Commission (SEC). The legal entities that have been in a legal dispute for more than three years will meet in front of a grand trial. the host For April 23.

The outcome of the case may have a positive effect on the price of XRP (in case of a decisive victory for Ripple), on the contrary, it may have a negative effect on the crypto industry.

For those willing to look at more elements that suggest the token's price is poised for explosive growth in 2024, please watch our limited video below: