Data from Santiment shows XRP and Cardano, among other altcoins, may be the ones worth keeping an eye on in the coming days. Social Dominance Of Altcoins Like XRP & Cardano Has Remained Low Recently According to data from the analytics firm Santiment, Bitcoin is seeing the greatest attention in the market right now, while…
Data from Santiment suggests that the latest Bitcoin rebound took place after most investors had given up on the idea of it happening. Bitcoin Observes Rebound After “Buy The Dip” Crowd Goes Silent According to data from the on-chain analytics firm Santiment, calls for buying the dip had mostly disappeared right before the actual rebound.…
Ripple, the blockchain company behind the XRP, has released 1 billion XRP tokens from its escrow. The firm previously locked the coins in the escrow system to ensure the XRP ecosystem and market stability. Ripple’s Monthly Unlock Of 1 Billion XRP Tokens According to data from the on-chain analytics firm Whale Alert, Ripple Labs unlocked…
On-chain data from Santiment suggests that altcoins across the entire cryptocurrency sector may be underbought right now. MVRV Of The Various Altcoins Suggests Underpriced Conditions According to data from the on-chain analytics firm Santiment, cryptocurrency assets have become underbought as traders are now capitulating following a failed price rebound. The relevant indicator here is the…
Santiment has broken down how the recent action in the Bitcoin price may have been affected by the prevailing sentiment in the market. Trends In Bitcoin Social Volume May Have Influenced The Price Recently As the on-chain analytics firm Santiment explained, BTC generally moves in the direction the crowd isn’t expecting. The relevant indicator is…
Injective (INJ) is one of the few tokens to have racked up impressive gains in the last week. While most of the assets in the crypto market were marked by insignificant price actions leading to little gains or losses, INJ stood out with an excellent price movement to become one of the biggest weekly gainers. …
Popular Bitcoin hard fork and one of the earliest cryptocurrencies, Litecoin (LTC), have recorded some interesting network activity in recent times. According to data from the on-chain analytics platform, Santiment, the number of daily active network addresses on Litecoin has increased by over 400,000 since the start of May. However, Litecoin has only experienced a…
DeFi staking protocol Lido DAO (LDO) has just experienced its largest network transaction in two years, according to a report by Santiment. The popular on-chain analytics firm states that on May 5, $135 million worth of LDO tokens were transferred from one self-custody wallet to another. According to Santiment, 70 million LDO tokens were moved…
On-chain data from Santiment shows the Ethereum shark and whale addresses have registered a growth of 5.7% over the past year. Ethereum Sharks & Whales Numbers Have Gone Up During The Past Year According to data from the on-chain analytics firm Santiment, there are now around 380 more sharks and whales in the market compared…
The cryptocurrency market continues to show signs of improvement. Bitcoin, the number one cryptocurrency, has continued its price upswing as its breaks above its 200-day moving average. In addition, the market generally has recovered, as crypto enthusiasts believe the crypto winter is close to its end. The U.S. Consumer Price Index (CPI) report has given…