Analyst Altcoin Sherpa recently predicted that many altcoins | Crypto_Mum on Binance Square

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Analyst Altcoin Sherpa recently predicted that many altcoins will bottom out in the short term.

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The blockchain intelligence firm Santiment shared in a tweet published earlier this morning that the Ripple (XRP) network experienced significant spikes in address activity recently

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This surge in address activity also resulted in XRP’s price rising and decoupling around 4% from the rest of the altcoin market, which printed losses during this time.

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According to the post, the network saw its second and third biggest address activity spikes of all time in the past 2 days.

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In addition to strengthening against the dollar in the past day, the meme coin was also able to outperform the two market leaders Bitcoin (BTC) and Ethereum (ETH).

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The recent increase in SHIB’s price was enough to flip its weekly price performance into the green. As a result, SHIB’s price was up 0.87% over the last 7 days.

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