Ethereum

Bitcoin

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
 </figcaption> 
</figure> 
<a href="https://u.today/xrp-inches-closer-to-horizontal-support-after-erasing-recent-gains" rel="noopener noreferrer nofollow">For XRP</a>, one <a href="https://u.today/ethereum-eth-on-verge-of-death-cross" rel="noopener noreferrer nofollow">metric</a> has caught the attention of investors and analysts alike: adjusted volume. Between Aug. 26 and Sept. 1, 2023, this metric has seen an almost 9x increase, a development that could have significant implications for the asset's future. 
To understand the context of this metric, let's first look at XRP's price performance during the same period. On Aug. 26, XRP was trading at approximately $0.526. Over the next few days, the price fluctuated between $0.511 and $0.541, with no significant spikes or drops. As of Sept. 1, the price stands at around $0.511, indicating a relatively stable market. 
<img data-entity-type="file" data-entity-uuid="7c8b3743-17ce-4a6f-8c65-ca6ccd8dbc5f" src="https://u.today/sites/default/files/inline-images/image_35.png">Source: <a href="https://messari.io/asset/xrp/chart/txn-tsfr-val-adj" rel="noopener noreferrer nofollow">Messari</a> 
Now, let's turn our attention to the adjusted volume. This metric measures the "real" trading volume by filtering out noise and potentially manipulative activities. A 9x increase in adjusted volume in such a short period is nothing short of remarkable. It suggests that there has been a surge in genuine trading activities, possibly indicating increased investor interest or a shift in <a href="https://u.today/ethereum-eth-on-verge-of-death-cross" rel="noopener noreferrer nofollow">market</a> sentiment. 
The stable price with a skyrocketing adjusted volume creates an intriguing scenario. While the price has remained relatively constant, the adjusted volume suggests that something is brewing beneath the surface. This could be a precursor to a significant price movement, although the direction remains uncertain. 
It is also worth noting that this surge in adjusted volume comes at a time when the broader market has been showing signs of volatility. Bitcoin and Ethereum have been experiencing fluctuations, which usually have a ripple effect (no pun intended) on other cryptocurrencies like <a href="https://u.today/xrp-on-verge-of-rally-as-altcoin-season-looms" rel="noopener noreferrer nofollow">XRP</a>. 
The 9x growth in XRP's adjusted volume is a metric that should not be ignored. While the price has not yet reflected this dynamism, the heightened activity could be a harbinger of things to come. Investors should keep a close eye on XRP and other related metrics to fully grasp the unfolding narrative.

XRP Metric Shows Jaw-Dropping 9x Growth, Here's What It Is

U_Today

Alte articole publicate pe 1 sept. 2023

Ground X Teams Up with Oasys for Digital Wallet and SDK Collaboration

SHIB Price Technical Structure Weakens But Bull Run Is Nigh

Bitwise Unexpectedly Withdraws Application For Bitcoin and Ether Strategy ETF

Codego Announces White-Label Banking Solution with License from NBB

PARA Stock Forecast: Market Scale in Bulls or Bears’ Hands?

Trader Pepe Coin Yakin PEPE Bertahan Pasca Skandal

Join our free newsletter for daily crypto updates!