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Ripple XRP community hawkish towards Hive list

Published

6 years ago

on

Ripple XRP

Hive.one, formerly dubbed as CryptoInfluencers, has been forced to remove its Ripple section. The platform’s team admitted that it received plenty of criticism but refused to disclose the reason for the criticism, and instead put out a statement, pointing out that this was the first time that they had encountered this kind of resistance. They mentioned that they were not publishing the list but noted that this was for “the time being.”

CryptoInfluencers (now Hive.one) launched in December of last year and has been praised as being the most accurate platform when it comes to ranking influential figures in the cryptocurrency community. The platform has created its list based on social media presence.

In fact, the platform’s algorithm is solely based on Twitter data, which remains the leading platform for cryptocurrency investors, traders, and influencers. It analyzes the accounts of the public figures that are prominent within the cryptocurrency community and then goes on to measure the engagement metrics within the community, based on how users interact and react to these influencers, as well.

This includes metrics such as likes and retweets. For example, if an up-and-coming cryptocurrency analyst or influencer is steadily growing regarding likes/retweets; this data helps Hive.one create their list, and that particular analyst or influencer might be able to move up the list.

While the company did not publish the list, it went to Twitter to share some insights. The platform concluded that the most influential member of the Ripple community was none other than the CTO of Ripple, Joel Katz, according to their research.

The influencer that is NOT a formal member of Ripple that was considered the most influential was Hodor7777, a blogger who is an XRP supporter that has around 40,000 followers. Next up, Tiffany Hayden is one of the most famous Ripple supporters and boasts about 70,000 followers, and many in the Ripple community considered her to be the obvious choice for the most influential advocate that was not directly part of the company.

Tiffany Hayden took to Twitter to point out her issues with the list, pointing out that it included ex-employees of Ripple who hadn’t worked there in years and even deceased individuals. Though she questioned the credibility of the list; she was quick to point out that it wasn’t a “popularity contest”.

Another insightful fact that the company shared was that it found that Joel Katz was actually more influential over the Ripple community than Vitalik Buterin, the co-founder of ethereum, is, over the ethereum community.

Although Hive has stated that the list does not mean to “endorse” anyone, some people speculate that the outrage over Joel Katz being so high on the list can be attributed to the fact that he hasn’t been as active in the Ripple community that the list would suggest.

This is the first time there has been so much bitterness surrounding Hive, considering that the platform gathers data merely. While some may take this as a sign of a responsive and supportive community that wants its influencers to get its just due; there are others who feel like the outrage is not justified and is excessive.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. The author is long Bitcoin. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Diane Baker on Unsplash

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Altcoins

Solana Price Surges Beyond $100, Dethroning Ripple and BNB To Secure Fourth Place

Published

4 months ago

on

December 27, 2023

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Solana price performance in recent times has been remarkable, surpassing Ripple and Binance Coin to become the fourth-largest cryptocurrency by market cap. The SOL price breached the critical level of $100 for the first time since April 2022 over the weekend to imbue optimism among investors. However, the altcoin has corrected by 7%, suggesting that the market is overheated. At the time of writing, the ‘Ethereum killer’ was trading slightly lower at $111.60.

SOL Outlook

Solana price has made a significant recovery over the past few weeks, climbing above the psychological level of $100. The altcoin has been one of the best-performing assets this year, extending its year-to-date gains to more than 1,025%, with more gains recorded in the past month alone. However, even with such growth, analysts have noted that Solana has a bleak chance of topping its ATH of $260.

The reason behind this is the increase in supply relative to its value. In November 2021, when the Solana price hit its all-time high of $260, its total market capitalization was around $78 billion. Despite the value of the crypto asset being less than half of what it was at the top, its market cap is currently hovering near $50 billion.

This has been brought about by the increase in the Solana supply by more than 100 million SOL over the past two years. According to some analysts, for the altcoin to retest $260, its…

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Altcoins

Solana Price Skyrockets to 20-Month Peak Amidst Memecoin Frenzy

Published

4 months ago

on

December 22, 2023

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Solana price has noted significant gains over the past few weeks, climbing to its highest level since April 2022. The ‘Ethereum Killer’ almost topped the crucial level of $100 on Friday, before pulling back slightly. The asset’s recent surge has catapulted Solana’s total market cap to $39.6 billion, ranking 5th after and above BNB and XRP, respectively. Solana has jumped by more than 22% in the past week and more than 80% in the month to date. At the time of writing, SOL price was trading 0.90% lower at $93.10.

Catalysts Behind SOL’s Rally

Solana price has been on a strong bull run over the past few days, rocketing to its highest level in 20 months as the network benefits from the substantial activity and strong interest in memecoins. The SOL token, the native digital asset of the high-performance blockchain platform Solana, has shown some serious strength over the past few weeks, outperforming all the altcoins in the market.

The recent surge in the Solana price has been linked to heightened on-chain activities on the Solana blockchain. Notably, the ongoing hype for the blockchain’s speedy transactions, cheap fees, and a lottery of meme coin issuances has buoyed SOL’s on-chain activity. Metrics have revealed that Solana has been the strongest draw among on-chain traders, with trading volumes and network fees outperforming Ethereum- the largest altcoin by market cap.

Cited figures provided by DeFi aggregator DeFiLlama…

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Altcoins

Solana Price Breaches $60 Amid a Symphony of Bullish Indicators

Published

4 months ago

on

December 1, 2023

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Solana price has jumped more than 8% over the past week, breaching the important level of $60. At the time of writing, Solana was trading 3% higher at $61.07. The asset’s total market cap has climbed to $25.9 billion over the past week, ranking it the 6th largest cryptocurrency after XRP. The total volume of SOL traded over the last day has declined by 8%.

SOL’s Bullish Cues

Solana’s price has been among the best-performing cryptocurrencies this year amid continuous growth. The “Ethereum killer” has consistently impressed investors throughout the year on the back of a resurgence in bullishness, which saw SOL’s price climb more than 513% in the year to date. Institutional investors have also shared the bullish sentiment, making Solana their most preferred altcoin.

In the week ending November 24, Solana recorded inflows worth nearly $3.5 million, significantly more than the other altcoins’ inflows combined. The asset’s monthly inflows were higher at $40.2 million, lower than Ethereum’s $99.6 million inflows in the same period. Other altcoins, including Litecoin and Ethereum, noted significant outflows, making Solana nearly half of the home for DeFi. This implies that when it comes to institutions, Solana is currently the best-performing altcoin with the potential of a long-term rally much higher than other digital assets.

Notably, the Solana DeFi ecosystem accomplished a significant milestone earlier this week. Its Total Value Locked (TVL) hit a new yearly peak of over $655 million,…

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