According to analysis platform Santiment, market players are increasingly excited about XRP and Litecoin. Santiment also uses the label “high-risk high-reward investments” for these two altcoins. Meanwhile, the analytics platform reveals one of the main reasons that sent XRP up more than 36% recently
Santiment: These 2 altcoins are experiencing high levels of FOMO!
As you have been following on Kriptokoin.com, the market is heating up again. According to analysis platform Santiment, XRP and LTC are currently experiencing high levels of fear of missing out (FOMO). Santiment notes that these two cryptocurrencies have emerged as “high-risk, high-reward investments”. “These cryptocurrencies may continue to rise. But the crowd’s enthusiasm for these assets could make them high-risk, high-reward investments this week.”

According to CoinMarketCap data, XRP and LTC have increased by 4% and 2.63% respectively in the last 24 hours. FOMO represents a bizarre psychological phenomenon that has gained scientific attention over the past two decades. First used in 2004, the term entered the Oxford Dictionary in 2013. In the case of investor behavior, it refers to the feeling of missing out on potentially significant gains. This psychological phenomenon is characterized by a widespread concern that someone else might achieve significant success with their investment. Hence, there is an unmet relationality. Social media platforms are emerging as a major source of FOMO, with users constantly being exposed by influencers to red-hot investment opportunities in cryptocurrencies.
Santiment explains the reasons for the 36% surge in XRP price
Popular on-chain data aggregator Santiment has revealed one of the main reasons for the recent surge in XRP prices. Analysts retweeted a post featuring a Santiment chart and commented on it and the XRP price jump over the last 10 days. Meanwhile, XRP tried to break above the $0.56610 zone for the second time this week and retreated after failing to do so.
According to Santiment’s post, large whales have been accumulating XRP lately, which has had a “positive impact” on the cryptocurrency’s +36% price increase observed in the market between July 7-13. The chart shows that large crypto whales holding between 10 million and 100 million XRP accumulated the equivalent of about $300 million between July 12-15. Wallets holding 100,000 to 1,000,000 XRP also bought roughly similar amounts.
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