XRP, the payments-focused cryptocurrency, deserves a special mention. Ever since the
The optimism generated in the market for XRP soon spread to other coins like SOL, ADA, and MATIC. One of the major factors behind the shared excitement was the verdict which centered around the status of XRP as a ‘security’.aforementioned altcoins as securities in a lawsuit filed earlier against cryptocurrency exchange Binance. The resultant FUD caused a dent in their trading activity as jittery investors started to dump in hordes.
Lately though, it’s not Bitcoin, but altcoins have emerged as the quintessential volatile assets. At the time of publication, Bitcoin’s 1-week volatility was significantly lower than that of top altcoins, according to Santiment.These developments also drew attention to the diverging sentiments around the king coin and its juniors.
This meant that the Bitcoin market was more enticing if you are looking to store your coins for long, expecting it to weather the headwinds of both the TradFi and crypto. If you seek quick gains, Bitcoin might not be an ideal bet.
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