Gamza Khanzadaev
Despite the SEC’s claims, the crowd’s mood towards XRP can be described as euphoric
According to on-chain analytics portal Santiment, crowd sentiment towards cryptocurrencies is mixed at the moment, with some of the tokens appearing extremely optimistic and others just the opposite. Crypto market participants in particular are the most euphoric about XRP; it has even overtaken Ethereum (ETH) in terms of overall weighted sentiment.
Even the lawsuits from the US Securities and Exchange Commission, which has been trying for two years to have the cryptocurrency recognized as a security, have not been able to dampen the enthusiasm of the masses for XRP.
Recall that the legal battle between the SEC and crypto company Ripple, which uses XRP in its cross-border transactions, is expected by many participants in the first half of 2023 with one of three options: a court decision, a settlement or a summary Evaluation.
At the same time, XRP’s price action is nothing to get too excited about. Over the past three weeks, XRP prices have been slowly but still declining, until at one point they pushed to $0.3 per token, where they were last in early summer 2022.
Who else is there?
As previously reported, there is some positive sentiment towards ETH among crypto market participants alongside XRP. But when it comes to cryptocurrencies like Bitcoin (BTC), BNB, and Cardano (ADA), the crowd sentiment is exactly the opposite.
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