XRP And Four Big-Capital Altcoins Are Signing Up: Crypto Analytics Firm Santiment

Crypto insight platform Santiment says it's tracking some key statistics that suggest it might be a good time to buy XRP and the four major altcoins. The analytics firm told its 68,300 followers in a new tweet that crypto traders are showing a bearish trend on XRP, Ethereum (ETH), Cardano and Polkadot (DOT) following the recent selloff in the altcoin market. “With the continued decline of the altcoin, the sentiment towards big caps like ETH, XRP, ADA, and DOT have all turned negative. Historically, fear of the crowd is the time to take on more assets. Source: Santiment/Twitter Santiment analysts say they measure social sentiment using a machine learning model that monitors a large dataset of more than a million tweets. Social sentiment isn't the only bullish metric for several major crypto assets right now. Bitcoin and Ethereum are seeing lower supply rates on exchanges compared to the levels they were at after the crypto markets crashed last month. “Bitcoin and Ethereum have seen their respective supply rates on exchanges drop since the first crypto market-wide breakdown took place three weeks ago. Traders may be encouraged that this indicates a smaller chance for larger sales.” Source: Santiment/Twitter Chainlink (LINK) investors also have reason to be optimistic despite the asset's recent price drop, according to the crypto analytics platform. Santiment said Chainlink's 30-day average trader returns statistics hit a level that previously signaled strong rebounds on the horizon. “Chainlink holders saw prices drop from $52.20 to $25.27 (-51.6% down from last month's high). However, in the previous times when LINK traders' returns were this low in a 30-day period, there have been big jumps.” Source: Santiment/Twitter Don't miss a thing – Subscribe to receive crypto email alerts straight to your inbox Follow us on Twitter, Facebook and Telegram The Daily Hodl Mix Check the latest news Hea

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