After experiencing major decline a few days ago, the general crypto market stands at its lowest point in August. The latest chart shows that the community has positive sentiment for XRP, Tron (TRX), and Binance Coin (BNB).
The chart assessed and highlighted the respective outlook on most digital assets as the community weathers the winter. On the chart, XRP appears to be leading in bullish sentiment with a 309% 7-day positive outlook growth. On August 25, Santiment published its Weighted Sentiment Sansheets Model. As the crypto community suffers the chill of winter, the chart highlights and analyzes the respective cryptocurrencies.
BNB was second in the list since it experienced a 225% 7-day positive sentiment rise. BNB has outperformed most of the assets in the market. While Pancakeswap is in third position with 201%. Theta secured the fourth with 178%. TRX is in the fifth position in terms of most bullish outlook in a week with 98% rise in positive sentiment.
On the other hand, over the past week, the most assets experienced negative sentiments. A few days ago, the bears entirely controlled the markets, sending most of crypto assets to August bottoms.
The flagship currencies Bitcoin and Ethereum too suffered the wrath of crypto winter as they dropped by 7.64% and 8% respectively in the last week. However, BTC with a 48% rise held on to bullish sentiments in the past week. Meanwhile Ethereum has witnessed a 27% increase.
Just like the rest of the crypto market, the XRP too experienced a major drop though it too has managed to maintain bullish sentiments. The assets rebound by over $0.3 after its huge drop from the $0.4 zone.
In its journey to recovery, the XRP intends to take the support of $0.3 level. As of now, the assets were trading at $0.3221. A report by crypto carbon ratings institute has called XRP the most energy-efficient top crypto asset. It should help in boosting bullish trends into the XRP community.
Source: https://www.thecoinrepublic.com/2022/08/31/xrp-is-first-in-terms-of-ultra-positive-sentiments-amid-reviving-crypto-assets/