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Reading: Santiment: These 20 Cryptocurrencies Are Probably Awaiting a Rally
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EdaFace Newsfeed > Latest News > Altcoin News > Santiment: These 20 Cryptocurrencies Are Probably Awaiting a Rally
Altcoin News

Santiment: These 20 Cryptocurrencies Are Probably Awaiting a Rally

vitalclick
Last updated: October 11, 2024 4:51 am
4 months ago
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Crypto analysis platform Santiment has identified 20 crypto assets that are likely to gain value soon based on negative public sentiment on social media. In its post on the social media platform X, the company said: Chainlink $11 and Ethereum $2,383 announced that prominent assets such as are included in this list.

Negative Perception and Potential AscensionPossible Rally Signs in Bitcoin

Negative Perception and Potential Ascension

According to Santiment, increasing negative comments about these assets on social media could be a sign for them to appreciate in value in the future. It is stated that negative perception increases the chances of recovery of crypto assets, which have historically entered a downward trend.

“Chainlink, Ethereum, Bitcoin $60,797Solana, and XRP have been heavily negative assets from the community during the ongoing crypto decline. Altcoins that are the focus of the most bearish audience historically increase their chances of rising.”

In creating the “20 best candidates” list, Santiment used the “Weighted Sentiment” metric, which combines the social volume of assets and the ratio of positive and negative comments on social media platforms (X, Reddit, Telegram, 4Chan, and Bitcointalk). This method more accurately reflects the general perception of entities.

Possible Rally Signs in Bitcoin

Santiment also made evaluations about the potential increase in Bitcoin price.

“Our own metrics show an abnormal increase in activity on the Bitcoin network, with on-chain volume reaching $37.4 billion on Tuesday. “Historically stagnant BTC coming back into regular circulation is a positive indicator for future price movements.”

Santiment also stated that Bitcoin may experience a rally soon.

Going back to the 20 cryptocurrencies, other assets included here include Solana, XRP, Optimism, Polygon, Sui, Cronos, Fantom, Avalanche. $26Cardano $0.336288Render, Floki, Pepe, Toncoin, Filecoin, Injective, Shiba Inu and Tron. These assets may experience an increase in value following negative perception, according to Santiment’s analysis.

Santiment’s analysis can be an important tool for investors in identifying potential upside opportunities. This approach, which shows how social media data can be used to predict fluctuations in the crypto market, offers a different perspective in understanding market dynamics.

As a result, the data Santiment provides can help identify trends and potential bullish opportunities in the crypto market. By using the power of social media, it becomes possible to better analyze the future performance of crypto assets.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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