PiCK
[Analysis] "Ripple's Circulation Speed Increases...Possibility of Breaking the Trendline"
Doohyun Hwang
- It was stated that the possibility of breaking the trendline is being raised as Ripple's circulation speed increases.
- According to experts from the on-chain data analysis platform CryptoQuant, an increase in circulation speed means that the frequency of network usage is rising.
- Ripple is currently trading at $2.15 on Binance.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
An analysis has emerged suggesting that Ripple's circulation speed is increasing, which could lead to a breakthrough of the trendline. Circulation speed is a concept that indicates how frequently an asset is traded within the network.
On the 27th (local time), 'JA_Maartun', a contributor to the on-chain data analysis platform CryptoQuant, stated, "An increase in circulation speed means that the frequency of network usage is rising," and judged that "Ripple is currently showing this pattern and is likely to break through the trendline."
On this day, Ripple is trading at $2.15 on the Binance Tether (USDT) market, down 0.6% from the previous day.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀PiCK News
Ethereum Records Monthly Inflow High This Month…$2.1 Billion
4 hours ago
Which Altcoin Stood Out This Year?... Who Will Lead the Rise in 2025 [Kang Min-seung's Altcoin Now]
6 hours ago![Which Altcoin Stood Out This Year?... Who Will Lead the Rise in 2025 [Kang Min-seung's Altcoin Now]](https://media.bloomingbit.io/prod/news/d1bbfa12-1ba6-4f3b-878a-d64f47e84b26.webp)
Arthur Hayes: "Bitcoin Could Reach $1 Million Within a Year Due to Easing Policies"
9 hours ago
This Week's Major Altcoin Trading Volume Decreases by 64% Compared to Last Week
10 hours ago
"Large Amount of First Digital USD Deposited to Binance... A Positive Signal"
11 hours ago
Ranking News