Cardano FOMO can come back quickly, according to Blockchain Analytics Firm Santiment – How to do it
A leading cryptanalysis firm says that the traders at Cardano (ADA) are not high right now, but that could change quickly.
In a new analysis, Santiment notes Cardano is currently witnessing the highest number of unique addresses interacting on the network in a year.
“On top of this, sentiment on social platforms has fallen to its lowest level in four months. When ADA increases again, FOMO should return quickly.”
Cardano is trading at $ 0.46 at the time of writing, down more than 1% over the last 24 hours and down more than 85% from the all-time high of $ 3.09, which it reached in September last year.
According to SantimentBitcoin (BTC) sees increased social volume compared to altcoins.
“Bitcoin sees increased discussion in the second half of June after the majority of altcoins fell 80% or more from their market values in November. Historically, declining interest in inorganic alt pumps is a positive sign for crypto.”
Bitcoin is trading at $ 19,994 at the time of writing, a decrease of more than 1% in the last 24 hours.
The cryptanalysis firm as well notes positive commentary on Ethereum (ETH) is at its lowest point compared to negative commentary in four years.
“Ethereum is back below $ 1,200 when crypto and stocks returned on Tuesday. Positive comments are very scarce these days for the # 2 market value asset. So much so that we have not seen the ratio of positive and negative comments so low since May 2018.”
Ethereum is trading at $ 1,094 at the time of writing, down nearly 4.5% in the last 24 hours.
According to Santimentthe decentralized oracle network Chainlink (LINK) witnessed an increase in LINK tokens that moved addresses.
«80.8 million cumulative unique LINK moved addresses on Tuesday, breaking a 5-year record. The opening days in September 2017 were the only time we have seen more. “
Chainlink is trading at $ 6.19 at the time of writing, down nearly 2.5% in the last 24 hours.
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