According to Santiment, this is a good time to buy XRP and 4 other big altcoins

Crypto analytics platform Santiment says it is monitoring a number of key indicators and sees that it could be a good time to buy XRP and four other large cap altcoins.

In a new tweet, the analytics firm told its 68,300 followers that traders have declining views on XRP, Ethereum (ETH), Cardano and Polkadot (DOT) after the recent sell-off in the market.

“With the continued decline in altcoins, sentiment towards top coins like ETH, XRP, ADA and DOT all turned negative. Historically, fear of the mob was the time to plunder more wealth. “

Source: Mood / Twitter

Santiment analysts say they measure social sentiment using machine learning (a subset of AI) to track a large data set containing more than a million tweets.

Social sentiment isn’t the only indicator currently looking bullish on several large-cap crypto assets. Bitcoin and Ethereum are also seeing lower supply rates on the exchanges than they were after last month’s crash in the crypto market.

“The share of Bitcoin and Ethereum supply on the exchanges has fallen since the first sell-off of the crypto market three weeks ago. This indicates that the likelihood of further large sell-offs is very low. “

Source: Mood / Twitter

Chainlink (LINK) investors also have reason to be optimistic, despite the recent decline in the asset, according to the crypto analytics platform. According to Santiment, the average 30-day return on LINK traders has reached levels that previously signaled a strong rally in the future.

“Chainlink owners watched the price drop from $ 52.20 to $ 25.27 (-51.6% less than last month’s all-time high). However, the average 30-day LINK trader return has hit a low that was previously followed by major rallies. “

Source: Mood / Twitter

Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

SN_Nour

According to Dailyhodl

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page