The Ripple (XRP) cryptocurrency has outperformed Solana (SOL) in terms of realized value growth, indicating renewed investor confidence. According to Glassnode data, the percentage change in the realized value of XRP - that is, the total value of all XRP coins according to their price at the time of the last movement - increased by 4.2% over 30 days compared to 1% for SOL in the same period.
This discrepancy means that investments are flowing into XRP at a faster pace than into SOL, reflecting traders accumulating XRP in the short term to anticipate its potential large price movements. The realized value index gains particular importance during periods of uncertainty as it indicates the value of the money that has actually moved on the blockchain, rather than the market value which is influenced by short-term price movements; often, an increase in realized value is associated with increased blockchain activities and investor confidence.
For clarification:
Percentage increase in the realized value of Ripple over 30 days: 4.2%
Percentage increase in the realized value of Solana over 30 days: 1%
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