Crypto analytics platform Santiment has identified 20 digital assets that may experience a rally soon based on a key metric.
In a recent thread on the social media platform X, Santiment revealed that these assets are attracting a significant amount of negative public sentiment on various social media platforms. This includes popular assets like Chainlink (LINK) and Ethereum (ETH).
The negative sentiment surrounding these assets could indicate a potential surge in their value, according to Santiment.
“Chainlink, Ethereum, Bitcoin, Solana, and XRP are among the assets that have seen a rise in negative sentiment during this recent crypto downturn. Historically, assets with bearish sentiment tend to perform well.”
Santiment’s list of “20 best candidates” for a bullish move includes:
- Chainlink (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)
- Toncoin (TON)
- Filecoin (FIL)
- Injective (INJ)
- Shiba Inu (SHIB)
- Tron (TRX)
Santiment has also explained the methodology behind the selection of these 20 digital assets.
“Weighted Sentiment is a measurement that combines social volume (across X, Reddit, Telegram, 4Chan, and Bitcointalk) and the ratio of positive to negative comments towards an asset.”
Furthermore, Santiment predicts an upcoming rally for Bitcoin based on recent network activity.
“Our metrics show a significant increase in dormant activity on Bitcoin’s network, along with $37.4 billion in on-chain volume on Tuesday, the highest in seven months. Historically, the movement of previously stagnant BTC back into circulation signals positive price movement.”
At the time of writing, Bitcoin is trading at $60,734, experiencing a slight decrease of more than 2.3% in the last 24 hours.
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