Crypto analytics platform Santiment names 20 digital assets that could soon rise based on one key metric.
In a new thread on the social media platform say Twenty digital assets stand out for the amount of negative public sentiment they receive on social media platforms, including decentralized oracle network Chainlink (LINK) and smart contract platform Ethereum (ETH).
The negative sentiment suggests that these digital assets could soon rise sharply, Santiment said.
“Chainlink, Ethereum, Bitcoin, Solana and XRP are the assets the crowd has become most negative about during this mild crypto slump. Coins with the most historically bearish public narratives have the best chance to rise.”
Santiment’s “20 Best Candidates” for a Bullish Move Include:
- Chain link (LINK)
- Ethereum (ETH)
- Bitcoin (BTC)
- Solana (SOL)
- XRP
- Optimism (OP)
- Polygon (MATIC)
- Sui (SUI)
- Cronos (CRO)
- Fantom (FTM)
- Avalanche (AVAX)
- Cardano (ADA)
- Render (RENDER)
- Floki (FLOKI)
- Pepe (PEPE)
- Ton coin (TON)
- Filecoin (FIL)
- Injective (INJ)
- Shiba Inu (SHIB)
- Tron (TRX)
Santimemt explains the methodology behind the list of the 20 digital assets.
“Weighted sentiment is a custom measure we provide that combines an item’s social volume (across X, Reddit, Telegram, 4Chan, and Bitcointalk) and multiplies it by the ratio of positive to negative comments on that item.”
The market information platform too say that recent Bitcoin activity suggests a rally for the flagship crypto is imminent.
“Our own statistics indicate a major spike in dormant activity on the Bitcoin network, accompanied by $37.4 billion in on-chain volume on Tuesday, the highest level in seven months. Historically, a stagnant BTC returning to mainstream circulation is positive for future price movement.”
Bitcoin is trading at $60,734 at the time of writing, down more than 2.3% in the past 24 hours.
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Generated image: Midjourney