According to the latest data in the Santiment Analysis platform, XRP is experiencing significant growth in its network, marked by a significant increase in the number of active portfolios. This positive trend contrasts strongly with the Bitcoin situation, which has lost more than 277,240 active wallets in the past three weeks.
A significant drop in Bitcoin portfolios
Over the past three weeks, the Bitcoin network has recorded a significant decrease of 277,240 active portfolios. This significant drop in contrast to continuous growth observed on XRP and Ethereum networks.
Chris Kuiper, research director of the Crypto division at Fidelity, attribute This phenomenon to the growing influence of recently approved Bitcoin ETF.
The explanation is simple: the transactions which had to previously had to be carried out directly on the Bitcoin blockchain can now be done outside the chain thanks to the ETF, which allow to compensate for the transactions between different parts.
This evolution also explains why Bitcoin mempool (the storage space in which the pending transactions are housed) remains particularly little used. However, according to Fidelity, this situation does not necessarily represent a danger to the overall health of the Bitcoin network.
XRP and Ethereum in constant progression
While Bitcoin knows this drop in activity, XRP and Ethereum show encouraging signs of growth. The two networks see their number of active portfolios increase regularly, testifying to an increasing adoption and a sustained activity on their respective blockchains.
This trend is in a broader context where Bitcoin is struggling to maintain its course above 100,000 dollars. At the time of writing, the flagship crypto is negotiated at 96,108 dollars, assigned in particular by disappointing data on inflation in the United States. The Bitcoin ETF also experienced difficulties, with capital outings reaching $ 251 million in a single day.
However, according to health analysts, this period of withdrawal of small investors could paradoxically announce a positive perspective for medium and long -term prices.
Historically, these retail trade phases are followed by an accumulation of whales and sharks (large investors), which take advantage of this opportunity to acquire abandoned assets, thus creating the conditions for a future price increase. A prospect supported by Cathie Wood by Ark Invest, which anticipates Bitcoin at 1.5 million dollars by 2030.
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