Crypto Gains Bullish Voices on Social Media As Stated By Santiment
A famous santiment data vendor has tweeted that users of various social media platforms are showing excitement about cryptocurrency. Although Bitcoin and Ethereum are recovering, the rest of the market remains in the red.
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“Crypto is gaining some bullish voices again”
According to a tweet by Santiment, the word “pump” is currently dominating in public channels across various social media presently—on Reddit, Discord, Twitter, and Telegram. Santiment analytics team believes that this FOMO (“fear of missing out”) is not a big concern; however, they cannot see any signals of euphoria so far.
Ethereum transactions in profit surge
As the market has gone from green to mostly red, Santiment has observed that at the time, almost 3.05x ETH transactions are in profit compared to those that are being made at a loss.
In case this ratio stands at this level, this would be the highest profit-taking since October 20—half a year ago—when Ethereum was trading at $4,054.
At the writer’s time, ETH is displaying a mild price drop from the $3,160 zone to $3,102 but it has turned green, going up to 0.08% now. Aside from ETH, among the other top 10 cryptos in the gree are only BTC, terra, and Cardano.
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After touching $40,961 on April 20, the global flagship cryptocurrency has recovered 2.47%, trading at $41,994 at the writer’s time.
Cryptolifedigital is a cryptocurrency blogger and analyst known for providing insightful analysis and commentary on the ever-changing digital currency landscape. With a keen eye for market trends and a deep understanding of blockchain technology, Cryptolifedigital helps readers navigate the complexities of the crypto world, making informed investment decisions. Whether you’re a seasoned investor or just starting out, Cryptolifedigital’s analysis offers valuable insights into the world of cryptocurrency.
