While XRP Pumps Up 10% In 7 Days, Whales Are Accumulating This Lesser Known Penny Crypto - Here's Why
The crypto market is picking up steam again after sliding to the $1.13 trillion market cap a couple of days ago.
At press time, the market is up by 0.3% and has hit the $1.15 trillion threshold.
As expected, Bitcoin is leading this bullish charge, and the foremost crypto asset has posted close to 2% in the past week.
Cross-border remittance in the network Ripple has so far given investors a significant return on their investment, with a rise of over 10% in the same period.
This is due to a growing positive sentiment around its legal lawsuit with the US Securities and Exchange Commission (SEC).
If the judgment favors the Ripple blockchain, the $XRP token could experience explosive growth.
Meanwhile, a new meme coin protocol called Wall Street Memes is gaining popularity and has already raised over $3.2 million in its sixth presale stage, just two weeks after its launch.
2023 has been a rollercoaster year for the crypto market as it has wavered between weeks of bearish and bullish signals.
The nascent industry is currently bullish and has gained one-third of a percent, heralding a positive market sentiment.
Ripple's $XRP has also caught on to this trend and is up 1.54% in the last 24 hours and trading at $0.52.
While this is significantly higher than Bitcoin's daily percentile gain, $XRP stretches its bullish streak further to the weekly charts.
So far, the cross-border remittance token has gained 10.76% in the past seven days. Its monthly performance has also increased, with the asset surging by 12.82% in the last 30 days.
Additionally, $XRP's 90-day growth has been in the double digits and stands at 39.95%, with a year-to-date (YTD) performance of 54.23%.
This shows strong buying pressure and overall positive sentiment
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