Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => XRP - Ripple Forum => Other Popular Cryptos / Coins => Ripple News & Updates => Topic started by: Malam90 on February 02, 2021, 01:52:10 AM
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These key metrics show there's more to the recent Dogecoin and XRP pumps than just short-seller liquidations.
Between Jan. 30 and the early hours of Feb. 1, XRP price pumped 147%, reaching $0.76 which is its highest level in two months. The move seems to have been fueled by r/Satoshistreetbets, an off-shoot of r/Wallstreetbets.
It seems that speculative social media group-based investing is becoming a trend so let’s take a look at what triggers might have catalyzed the recent surge in XRP price.
Data from TheTie, an alternative data provider focused on social analytics, shows just how significant the impact of active Twitter users has been on XRP price.
Even Gene Simmons, the legendary musician from the rock band, KISS, told his nearly 900,000 followers:
“Not recommending any of these to anyone. But yes, I also bought Dogecoin, XRP, and others. Make of it what you will.” Source Link (https://cointelegraph.com/news/what-short-squeeze-here-s-what-is-really-behind-xrp-s-recent-170-rally)