Time to Be Vigilant, But Not Bearish

Name: FS Insight
Price range: $$$

Dec 3, 2024 • 8 Min Read

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AVAX 6.85% BNB 3.72% BONK 13.81% BTC 2.98% CORE N/A% ETH 6.05% HNT 7.29% JTO 7.14% MKR 5.47% RAY -6.65% SOL 7.28% STX N/A% XRP 7.66% BITW -3.3% BTBT -0.86% CLSK -1.44% COIN -0.35% CORZ -4.05% HIVE -1.18% HOOD -2.61% HUT -4.01% IREN +2.29% MARA -0.77% MSTR -0.6% RIOT -2.82% SMLR +15.52% WULF -4.01%

Indications of Froth

Given the violent nature of the past month’s rally, we have been vigilant for signs of a local top. It would be disingenuous to claim that some qualitative "top signals" are not flashing right now. XRP—which we noted as a possible election trade back in October—with only 1–2k daily active addresses (vs ETH's over 400k, source: Artemis), is ripping toward new highs while influencers take to TikTok to discuss their lofty price targets.

This is not to hate on XRP bulls – we will always respect the pump. We even wrote back in October ab...

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Time to Be Vigilant, But Not Bearish

Indications of Froth

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