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XRP, ADA, and XLM Defy Market Fatigue with Sustained Growth

XRP, ADA, and XLM Defy Market Fatigue with Sustained Growth

CoinEditionCoinEdition2024/12/02 16:00
By:Abdulkarim Abdulwahab

XRP surged 444% and Cardano 280% in the past 30 days. Santiment reports trader fatigue and quieter market sentiment after profit-taking. The absence of FOMO suggests these altcoins may continue their upward momentum.

  • XRP surged 444% and Cardano 280% in the past 30 days.
  • Santiment reports trader fatigue and quieter market sentiment after profit-taking.
  • The absence of FOMO suggests these altcoins may continue their upward momentum.

The cryptocurrency market is seeing impressive gains, particularly for altcoins XRP , Cardano (ADA), and Stellar (XLM). XRP is up 444%, and Cardano is up 280% over the past 30 days. XLM has seen an even more astonishing growth of 512%. But a new report from market intelligence firm Santiment says these rallies may not be over yet .

Why XRP, ADA, and XLM May Keep Rising

Even though trader enthusiasm was at its peak a week ago, the current market sentiment is different. Santiment says retail traders are “fatigued” after profit-taking from the earlier rallies in late November. But these coins are still going up.

With less noise in the market, many investors are not buying or selling, which shows a quieter, more cautious phase. Santiment says this could be a positive indicator for continued price growth.

Historically, markets tend to move in the opposite direction of the crowd’s expectations. The absence of intense FOMO (fear of missing out) could suggest that these top altcoins, XRP, Cardano, and XLM, are driven not by speculative hype but by sustainable investor interest.

“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,” said Santiment’s report.

Market Greed Is Dropping

Another indicator warranting a bullish outlook is that the crypto fear and greed index has dropped to 78, indicating “greed,” compared to an “extreme greed” score of 95 two weeks ago when Bitcoin first approached the $98K level, despite Bitcoin currently trading at $96K.

XRP, ADA, and XLM Defy Market Fatigue with Sustained Growth image 0 XRP, ADA, and XLM Defy Market Fatigue with Sustained Growth image 1

So, current market conditions show longer-term gains are more likely than a sudden correction caused by overexuberance.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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