Hi there SANclan !
You can find the Top Social Gainers snapshot for 1st Feb 2019 here:
(FYI, you can always check the top trending words on SANbase . For the latest, up-to-date trends, staking 1000 SANs is required)
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It’s crystal clear that most of the chatter still revolves around SWIFT’s recent announcement at the Paris Fintech Forum that it has developed a proof-of-concept solution with R3’s blockchain. The POC will link SWIFT’s payments network with R3’s Corda platform to monitor payment flows, settle gpi payments through their bank, and receive credit confirmations.
Although XRP wasn’t actually mentioned anywhere in the announcement, Ripple’s coin is currently the only cryptocurrency supported by Settler. This brings the two projects awful close considering they were previously involved in a well-documented legal dispute over XRP purchase option (which, to be fair, has been settled in September).
In fact, SWIFT’s decision to partner with R3 rather than Ripple Labs might be considered bearish news for XRP, especially given SWIFT’s CEO, Gottfried Leibbrandt’s remarks about the currency at the same Forum where the R3 partnership was announced:
“I think that the big part of Ripple’s value proposition is the cryptocurrency XRP. “There we do find the banks are hesitant to convert things into a cryptocurrency right now because of the volatility in the currencies.”
Either way, XRP bulls believe this could be a precursor to Ripple’s widespread adoption by SWIFT, and an ideal opportunity for the project to try and convince banks to dive into crypto via the Corda Settler.
Is that truly the case? Who knows. As @dindustries notes below, XRP has a tendency to run more on social fuel than on technicals.
Either way, the announcement sent XRP on an undisputed upward trend, which helped it erase most of the week’s losses. The last 48 hours have been less kind to Ripple, however, as the coin dipped a hair over 7% since. It is currently down 0.88% for the day:
As always, visit SANbase to explore these and other trends in more detail!