🗣️ As trader interests fluctuate from day to day based on technological achievements and price fluctuations in crypto markets, narratives have gradually shifted more toward 🤖 AI, ✖️ XRP, and 💸 Bitcoin's specific polarizing market value of $100K. Try out the Alpha Narratives page here, and let us know what you spot!

📺 Our latest video market update looks at Solana's sentiment, the encouraging drop in meme coin interest, and the game-changing percentage of total Bitcoin, Ethereum, and XRP tokens in profit. Enjoy our show with Ivan from 3x Capital!

📊 With altcoins not slowing down on their historic runs yet, the euphoria from a week ago is showing trader fatigue. Even with crypto mainstays like XRP (+444%), Cardano (+280%), and Stellar (+512%) all having historic 30-day stretches, it appears that retail traders have grown a bit quiet after profit taking on earlier rallies in late November.

With markets historically moving the opposite direction of the crowd's expectations, the silence toward these top caps should be considered an encouraging sign that FOMO won't be interfering with any further climbs... at least not yet.

📈 Network growth is high amongst several altcoins right now. Notably, keep an eye on XRP Ledger, Shiba Inu, and Band. On Sunday alone, we saw...

📌 XRP: 22,357 New Wallets
📌 SHIB: 7,548 New Wallets
📌 BAND: 35 New Wallets

All of these network growth spikes, relatively much higher than each project's normal rate, indicate a high level of crowd engagement, mixed with a fair bit of euphoria. In the short term, prices may be volatile due to increased retail engagement. However, long-term, it is a promising sign to see rising levels of utility on any asset's blockchain. 👍

🚀 XRP has skyrocketed to an astounding $2.49 market value for the first time since January 8, 2018. The 6-year (nearly 7-year) high comes as wallets with 1M-10M XRP have accumulated 679.1M tokens (currently worth $1.66B) in just 3 weeks. Also, total non-empty XRP wallets have eclipsed 5.5M for the first time in the coin's 8+ year history.

🐟 When a network's overall amount of wallets declines, it is a sign of FUD & capitulation from novice traders that is often a bullish indicator for the coin's price (since those liquidated coins are likely being bought by larger whales & sharks who are hodling for the long-term.

Retail traders largely control the amount of non-empty wallets on a network, considering there are an enormous amount of small wallets compared to whale wallets. With this said, here are the changes in non-empty wallets over the past month for notable top cap assets:

🪙 Bitcoin (BTC): +11,263 (+0.02%)
🪙 Ethereum (ETH): +1,950,000 (+1.50%)
🪙 XRP Ledger (XRP): +88,261 (+1.61%)
🪙 Cardano (ADA): -34,931 (-0.78%)
🪙 Dogecoin (DOGE): +109,410 (+1.65%)
🪙 Chainlink (LINK): +991 (+0.14%)

🥳📈 XRP has now broken a 3-year high, reaching $1.2679 on Binance for the first time since November 11, 2021. This rally has come on the backs of key whale & shark wallets that hold between 1M-100M tokens. This group has collectively accumulated 453.3M more tokens (worth $526.3M) in the past week alone.

Meanwhile, the coins that they are accumulating are mainly coming from retail traders attempting to dump their coins on any small XRP rally. Wallets with under 1M XRP have collectively dumped 75.7M tokens (worth $87.9M) this past week.

Historically, any cryptocurrency tends to see positive market cap growth when its key stakeholders are increasing their holdings and confidence, while simultaneous retail FUD fuels this growth more. This has been the exact scenario unfolding for crypto's now #6 market cap asset. 👍

🐳 Wallets with at least 1M XRP now hold a combined 45.61B tokens, their highest amount held since June, 2018. In the past 2 years, whales & sharks have reversed course and accumulated 3.44B more XRP, a +8.16% increase. Traders have enjoyed a +40% return in the past 7 days.

🥳 The XRP community has erupted with excitement and discussions related to crypto's #7 market cap. Over 4% of all coin discussions are related to XRP following a +45% breakout over an 8-day span.

Surpassing $0.74, its year-high back in March, will largely depend on FOMO staying at bay, and funding rates on large exchanges like Binance not getting too weighed down by longs.

📊 As altcoins made huge runs post-US election, the rate of discussion toward crypto's top assets are directly correlating with price activity.

📌 Most eyes are still on Bitcoin as traders see whether it can surpass $80K by the end of the week
📌 Ethereum has made a recent jump in discussion rate by surpassing $2.9K and slightly outperforming Bitcoin (a rare sight) on Thursday
📌 Solana, XRP, and Dogecoin are all a bit under the radar as the community has shifted their sights on BTC and ETH. But prices are still performing well