santiment

The post Santiment Analysis on Altcoins Rally– While Ethena and Solana Recovers, Traders FOMO Buy This New Coin appeared first on Coinpedia Fintech News Brian, a top analyst from Santiment recently appeared on Thinking Crypto’s latest episode, discussing his insights on the altcoin rally. Brian spoke about the top 50 meme coins by market cap and said that Ethena (ENA) and Solana (SOL) might just recover and rally up. Amid all this, numerous investors have been FOMO investing in this…

The post Santiment Report Says Massive Surge in Shiba Inu (SHIB) Could Be Imminent? appeared first on Coinpedia Fintech News Shiba Inu, the second-largest meme coin by market cap, has recently experienced significant market corrections. Insights from market intelligence platforms Santiment indicate that whale holdings of SHIB are declining on centralized exchanges, while the burn rate of the coin has skyrocketed.  Despite this, recent data suggests that Shiba Inu might be on the verge of a substantial price surge. As…

The on-chain analytics firm Santiment has revealed how Shiba Inu (SHIB) and Cardano (ADA) are among the altcoins seeing high whale activity recently. Shiba Inu & Cardano Have Seen High Interest From Whales Recently In a new post on X, Santiment has talked about how some altcoins have been seeing a high Whale Transaction Count recently. The “Whale Transaction Count” here refers to an indicator that keeps track of the number of transactions happening on any cryptocurrency network that are…

The on-chain analytics firm Santiment has explained how this Bitcoin indicator has been one of the top leading indicators in the cryptocurrency market. Holdings Of Bitcoin Investors With At Least 10 BTC May Correlate To Price In a new post on X, Santiment has discussed about a metric that has historically been one of the top leading indicators in the sector. The metric in question is the total amount of supply held by the Bitcoin investors carrying at least 10…

Monero is experiencing a significant uptick in discussions across social media following the announcement of LocalMonero’s closure, according to Santiment data. This surge in attention on Monero (XMR) coincides with ongoing government efforts to regulate privacy-focused assets. LocalMonero Shuts Down LocalMonero, a peer-to-peer (P2P) exchange based on Monero (XRP), announced its closure via a blog post, citing a mix of internal and external factors. After nearly seven years of operation, the platform is winding down its exchange operations, immediately ceasing…

The analytics firm Santiment has revealed that Cardano (ADA) currently shows a slightly better buying opportunity than the other top coins. Cardano May Be Showing A Good Buying Opportunity According To RSI In a new post on X, Santiment discussed how the top assets in the cryptocurrency sector have been performing regarding the Relative Strength Index (RSI). The RSI here refers to a technical analysis (TA) indicator that tracks the velocity and magnitude of recent changes in any given commodity’s…

The on-chain analytics firm Santiment has revealed that over 85% of all altcoins in the sector are currently in the historical “opportunity zone.” MVRV Would Suggest Most Altcoins Are Ready For A Bounce In a new post on X, Santiment discussed how the altcoin market looks based on their MVRV ratio model. The “Market Value to Realized Value (MVRV) ratio” is a popular on-chain indicator that compares the market cap of Bitcoin against its realized cap. The market cap here…

In the days leading up to the Bitcoin halving, the cryptocurrency market has experienced a significant downturn, raising concerns about a potential bear market. Bitcoin saw a notable 19% price drop, while altcoins faced even steeper declines, with some plummeting by as much as 70%. This trend has sparked a debate among investors about the immediate future of cryptocurrencies as the halving approaches. Bitcoin and Altcoins Nosedive Before the Halving Historically, the Bitcoin halving — a scheduled reduction in the…

Bitcoin’s price action remained choppy this week. Its recovery to $69,000 remained brief after a massive plunge below $65,000. Nonetheless, the resurgence has sparked significant discussion within the community. The drop is largely attributed to the US government’s move to sell its BTC stash from the Silk Road seizure, with plans for four more similar sell-offs in 2024 causing significant concern among traders. However, historical data suggest that markets typically move in the opposite direction of the crowd’s expectation. Bitcoin…