Bitcoin and the rest of the cryptocurrencies have recorded a near-stable movement over the past weeks, with no time to exit down or up.

And the XRP currency has not violated this trend either, as it has been stabilizing for weeks between $0.18-$0.20 and has recorded a 1.01% price drop in the past 24 hours.

While the market capitalization of Ripple is $8.01 billion, it ranks fourth after Bitcoin, Ethereum and Tether.

Whales are buying more XRP cryptocurrency:

According to the data analysis service a statement Presented by well-known Ripple developer Waits Wind, some XRP whales have amassed over 1.5 million XRP in recent months.

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The data below shows the accumulation trend in recent days and weeks in detail.

XRP investments have increased especially among investors who have 10 million or more XRP in their portfolios.

By looking at the numbers provided by the aforementioned source, we find 8 users responsible for a huge amount of XRP coins exceeding 1 billion XRP and investors holding between 500 million to 1 billion XRP units, while about 300 investors owning more than 10 million XRP.

The accumulation of XRP coins, according to some opinions, may mean an expected rise in the price of the coin.

Since the beginning of the year, the digital currency XRP has performed below average compared to Bitcoin and Ethereum, with the XRP index showing negative 6%, while Bitcoin is up 30% and Ethereum is up 76%.

Some experts like Matty Greenspan, an analyst at eToro, blame the monthly institutional sales of XRP for the price development.

However, Ripple CEO Brad Garlinghouse has denied on several occasions that Ripple and XRP exist independently of each other and that Ripple has no influence on the evolution of the price of the XRP cryptocurrency.

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Another report also confirms that the monthly sales of XRP did not show a significant impact on the price of the XRP coin.

According to other data, the number of XRP holders in Japan has decreased significantly in the past 12 months, compared to 2018, when XRP dominated the Japanese crypto market by 51.36%, ahead of Bitcoin, which was then recording 34.57%.

But due to the poor performance, many investors have exited XRP and switched to Bitcoin since then, with Bitcoin now having a market share of 51.74% and XRP of 27.54% in Japan.

The alternative cryptocurrency market will change dramatically:

stated Mr. Ryan Selkis, CEO of “Messari” and co-founder of Blockfyre, “Simon Dedic,” recently stated that the legacy cryptocurrency market will fundamentally change and bring new projects to the top 10 cryptocurrencies by market capitalization.

Bitcoin and Ethereum are projects that will survive in the long term, as they have already found significant adoption and adaptation.

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While according to the director of “Messari”, XRP, Bitcoin Cash, Bitcoin SV, Litecoin and EOS will be replaced with alternative cryptocurrencies with lower market capitalization but with better features.

Polkadot in particular is one of the projects with great potential due to strong funding from the Web3 Foundation.

BNB coin will also advance in the ranking because it offers a great application as an interest token and a valuable currency according to the same speaker.

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