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Given the dynamism of the market, and the interdependency of several factors, it becomes complex to predict the trends. Everlodge is a new project, whose presale has turned out to be a massive success.

As per analysts’ forecasts, its early investors are likely to get a 3,000% ROI. On the other hand, Ripple (XRP) and Floki Inu (FLOKI) have struggled to retain their user bases.

Join the Everlodge presale and win a luxury holiday to the Maldives

Ripple (XRP) Sees Drop In Network Growth

A few days ago, many big corporations integrated Ripple’s blockchain technology, giving a positive push to XRP. However, this growing trend is not visible when it comes to the network growth of Ripple (XRP).

The latest data from Santiment has indicated that the number of new addresses on the Ripple (XRP) network has been stagnant for the past many weeks. Notably, for the past two weeks, the number of active addresses on the Ripple (XRP) network has stagnated around 85,800.

It implies that only a few addresses have been participating in trading, or transfer of Ripple (XRP) tokens. Meanwhile, the price of Ripple (XRP) has witnessed a rise of 1% in the past month. Therefore, Ripple (XRP) now trades at $0.51.

Floki Inu’s (FLOKI) Social Metrics Show Selling Pressure

Floki Inu (FLOKI) has been suffering from high selling pressure, leading to a constant price decline. In the past thirty days, the value of Floki Inu (FLOKI) has suffered a plunge of 16%. As a result, the current market value of Floki Inu (FLOKI) has dipped to $0.000015.

Moreover, the latest on-chain social metrics suggest that Floki Inu (FLOKI) may see a further decline in its price. LunarCrush’s data shows that bearish sentiments for Floki Inu (FLOKI) have strengthened by 53% in the past week. Moreover, bullish sentiments around Floki Inu (FLOKI) have gone weak by 50%. According to experts, these two metrics together may keep Floki Inu(FLOKI) under a bearish phase for a long time.

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Author: Crypto Daily

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