santiment

Bitcoin has hit the $60,000 price mark, recovering a price level last seen since August 29. Based on data from CoinMarketCap, The crypto market leader moved by 3.98% on Friday, capping off a rather impressive weekly performance. Commenting on this price gain, prominent blockchain analytics company Santiment has provided insight into shifting market dynamics that may result in a sustained price rally for Bitcoin and other cryptocurrencies. Bitcoin Accumulation, Exchange Outflow Signal Bullish Sentiment  In an X post on Friday,…

The post XRP Rally Soon: Santiment Expert Says Whales and Wallet Growth Signal Surge Despite Lack of Bullish Sentiment appeared first on Coinpedia Fintech News Ripple’s XRP has been keeping it’s investors on the edge with the choppy price action and also it’s legal fight with the SEC. Brian Q from Santiment recently appeared on Thinking Crypto Podcast. With Big news surrounding XRP, many investors are curious about its current state, both from a social sentiment standpoint and market activity.…

On-chain analytics firm Santiment has revealed Cardano (ADA) is one of the altcoins that could likely see price jumps shortly. Cardano Among Altcoins That Are Being Heavily Shorted Right Now In a new post on X, Santiment has talked about the altcoins being shorted against on the derivatives market. The indicator of relevance here is the “Funding Rate,” which keeps track of the periodic fee that derivatives traders have to exchange with each other. When the value of this metric…

On-chain data shows that seven altcoins, including Dogecoin (DOGE), Uniswap (UNI), and Litecoin (LTC), have seen their MVRV metric drop into negative territory, suggesting these coins are currently oversold and undervalued. Bitcoin’s MVRV ratio has turned negative for the first time since March 2023, currently around -9.65%. While the broader cryptocurrency market has come under intense selling pressure recently, on-chain data for some of the altcoins has been flashing a buy signal. Santiment, a prominent crypto analytics firm, has recently…

The post Santiment Reveals Top Three Altcoins to Buy in the Midterm appeared first on Coinpedia Fintech News The altcoin industry has been caught in a bearish trend in the past few weeks. Even the meme coin sector has been contracting despite the increased whale on-chain activities. As Bitcoin’s (BTC) price retests the lower border of a horizontal channel that began four months ago, the fear of further crypto capitulation is not over. Moreover, the US spot Bitcoin ETFs have…

According to this metric, the on-chain analytics firm Santiment has revealed Shiba Inu has been underbought recently, while Bitcoin is overbought. MVRV Z-Score Suggests Shiba Inu Has Been Undervalued Recently In a new post on X, Santiment has discussed how some of the top cryptocurrencies are looking like right now on their MVRV Z-Score. The “Market Value to Realized Value” (MVRV) refers to a popular on-chain indicator that keeps track of the ratio between the market cap and realized cap…

ADA and XRP undergo a massive shorting amid the ongoing market downturn, however, analysts believe that this could be a catalyst for a bullish reversal.  Another analyst discloses that crypto assets have about 8-10 months to return to bullish ways after their previous peak, implying that XRP’s rally is long overdue.  Amid the ongoing broad market downturn, Cardano (ADA) and Ripple’s XRP follow the bearish direction of Bitcoin (BTC) which has broken a crucial support level to trade below $64k.…

On-chain analytics platform Santiment has outlined a factor that could contribute to Cardano (ADA) and XRP enjoying further moves to the upside. Both tokens recorded relief pumps following the recent decline in the crypto market, but market traders believe this development is far from a bullish reversal.  Heavy Trader Shorting Could Lead To Price Rises For Cardano And XRP Santiment claimed in an X (formerly Twitter) post that the heavy trader shorting which Cardano and XRP are currently seeing could…

The on-chain analytics firm Santiment has revealed that Dogecoin and Cardano are two assets that look “very bullish” according to this metric. Dogecoin & Cardano Currently Have Low 30-Day MVRV Ratios In a new post on X, Santiment has discussed about how some of the top assets in the cryptocurrency sector are looking like right now in terms of the Market Value to Realized Value (MVRV) Ratio. The MVRV Ratio is a popular on-chain indicator that keeps track of the…