Crypto traders are used to seeing a price surge in non-serious cryptocurrencies such as dogecoin (DOGE) as a sign of market froth. Now it looks as though XRP, the payments-focused cryptocurrency, can also be used as an indicator for bull-market peaks in bitcoin (BTC).
Unlike meme tokens like DOGE and shiba inu (SHIB), XRP has utility. It is used by Ripple to facilitate cross-border transactions, which places it in a bucket different from the memecoins.
STORY CONTINUES BELOW
Don’t miss another story.Subscribe to the Crypto Long & Short Newsletter today. See all newsletters svg]:max-w-[theme(spacing.8)] transition-transform-colors-opacity motion-reduce:transition-none text-default-foreground data-[hover=true]:opacity-hover w-full md:w-auto bg-new-yellow”>
Trending: CIA Whistleblower Zeroes In on Trump’s Signal Controversy – Someone Is in Serious Trouble
Sign me up
By signing up, you will receive emails about CoinDesk products and
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!