Among the top cryptocurrencies, XRP has the highest levels of optimism, according to ZyCrypto

Among the top cryptocurrencies, XRP has the highest levels of optimism, according to ZyCrypto.

After a precipitous drop a few days ago, the cryptocurrency market has not recovered and is now at its lowest position for the month of August. Different assets have experienced different levels of optimism as they try to recoup some of the values lost during the downturn. In a recent graphic, it looks that XRP, Tron (TRX), and Binance Coin (BNB) have the highest levels of community support.

In terms of weighted sentiment, XRP is now in the lead, followed by BNB and TRX, all of which have an optimistic view.

On Thursday, Santiment unveiled the Weighted Sentiment Sansheets Model. As the community braces for winter, the graphic evaluates the state of digital assets and highlights their respective prospects. According to the data, XRP’s optimistic mood appears to be in the lead with a 7-day positive outlook rise of 309%.

As expected, BNB came in second, with a 225% increase in positive sentiment over the course of a week. BNB has been performing better than the majority of market assets. Pancakeswap took third place, with a 201% share. Theta scored 178%, placing fourth. The percentage of users who feel optimistic about TRX’s future increased by 98% week over week, moving it up to fifth place.

As would be anticipated, however, most assets showed bearish views throughout the preceding week. A few days ago, bears seized entire control of the markets, plunging most crypto assets to August lows.

Bitcoin and Ethereum were also hit, with the latter falling by 8% and the former by 7.64% over the past week. Despite this, BTC has maintained its bullish momentum over the past week, rising by 48%. There was also a 27% gain in ETH.

When compared to other top assets, BNB has been hit by the downturn the least.

Even when the rest of the markets shivered during the crypto winter, XRP maintained its optimistic sentiment. The asset has recovered above the $0.3 threshold after a precipitous fall from the $0.4 range.

As part of its comeback, XRP intends to use the $0.3 level as a landmark. Valued at $0.3221 per share as of late. A recent report from the crypto carbon ratings organization confirmed that XRP is the leading cryptocurrency in terms of its low energy consumption. This should help instill the XRP community with a greater sense of optimism.

To this day, BNB is the best-performing asset over the last week, despite XRP’s lead in a bullish view. BNB takes great satisfaction in being the top coin least impacted by the recent bear takeover. BNB’s decline this week was only 2%, although some of its competitors have seen drops of over 7%. This is an outstanding achievement. At the time of writing, the asset was trading at $278, up 1.37 percent in the last 24 hours.

Orizu Augustine
Orizu Augustine is an experienced crypto writer working for Alltechcraft. Having passion for writing, he covers news articles from blockchain to cryptocurrency and iPhone and Samsung related articles.