[코인시황] Ripple surge…first legal answer/predicted sale of former CTO, etc.

[블록미디어 강주현 기자] Ripple is on the rise. Some cryptocurrencies are mentioned on the Wall Street Betz (WSB) bulletin board, which affects the price. Ripple on the 1st is trading at 537.35 won, up 13.71% from the previous day at CoinMarket Cap. Bitcoin is trading at 37.87 million won, down 2.43%.

In addition to WSB, posts related to cryptocurrency are also being posted on Satoshi Streetbets. Some foreign media reported that “there is also a movement to buy ripple at certain times.” Ripple’s recent first legal response to the SEC lawsuit was published, and an analysis that the CTO before Ripple would sell in large quantities was posted, and the bad news is overlapping.

▲ Market conditions of the top 10 cryptocurrency stocks (Photo = Coin Market Cap)

Ethereum, the second place in the market capitalization, fell 3.48% from the previous day to 1.46 million won, and Tether, the third place, fell 0.23% to 1,113 won. Of the top 10 cryptocurrencies, all coins except Ripple are recording a decline. Polkadot, which had been in the fourth place in the market cap after beating Ripple for a while, fell to fifth place.

Among the top 100 cryptocurrency stocks on this day, 32 coins recorded an uptrend and 68 coins were down, and the market is showing an overall decline. The total market capitalization of cryptocurrency is 1098 trillion won, and the share of Bitcoin is 62.2%.

Doge Coin (14th in market cap, 30.50%) was the coin that rose the most. Following that are The Graph (42th market cap, 29.03%), Ample Force (94th market cap, 18.31%), Siacoin (84th market cap, 15.37%), and Ripple (4th market cap, 12.82%).

According to Trustnode on the 30th of last month (local time), co-founder Tom Lee Fundstrat predicted that “in the next 10 years, $6 trillion worth of private investor funds will flow into bitcoin and stocks.”

“Currently, 94% of global private investor funds are invested in the bond market. However, it will be reorganized around the millennials who are used to retagging themselves. These changes have already started to appear in November of last year. Last month, $17 billion was flown into the bond market, while investments amounting to $81 billion came into the stock market. “In the next 10 years, $6 trillion in private investor funds will flow from bonds to stocks and BTC.”

Cointelegraph, a media specialized in cryptocurrency, said, “Over the past week, the cryptocurrency market has become more volatile as the prices of bitcoin and Dogecoin surged due to social media activities. In this situation, investors are prone to losses.”

In particular, Dogecoin explained that the recent pumping and dumping successively caused new investors who purchased through FOMO to suffer a number of losses in a short period of time. Cointelegraph said that this scenario could be reproduced as various communities on social media judge that altcoin collective pumping is a new investment method.

Cointelegraph quotes Leonard Leo, head of Stack Fund Research, and predicts that “Bitcoin miners continue to sell and this trend will continue for the time being as the Chinese New Year approaches.” For the time being, he predicted that the price volatility of Bitcoin will continue.

Even if the bitcoin price converges to a certain level, the DeFi token continues to grow, and investors’ interest has shifted to DeFi.