May 11
#Bitcoin's #onchain activity is approaching historic lows as traders have dramatically slowed transactions in the 2 months since its #alltimehigh. This isn't necessarily a sign of more $BTC dips, but rather a signal of crowd fear and indecision.
May 10
🤔 Traders are showing weak #buythedip interest in #Bitcoin's latest retrace down to as low as $60.2K today. Generally, the crowd's lack of faith is a strong sign of prices being close to a #bottom. Track social interest levels on this chart to see if #FUD stays high.
📈🗣️ $VELO has been gaining a great deal of traction amongst #crypto traders lately, being referred to as the "XRP of South East Asia". In 6 weeks, its price is +358%. Meanwhile, $UMA has seen a big jump in interest following its +50% gain over the past 36 hours.
See the #bullish and #bearish explanations for both assets, as well as breakdowns for the entire top 10 trending list on the Santiment Trending Coins page here!
🇺🇸 Much of the attribution to these latest #memecoin rises are going to #DonaldTrump and his pro-#crypto endorsements. As shown, mentions of #Trump soared near the #cryptocurrency local bottom, along with #Biden, who traders fear anti-crypto policies with.
May 9
📈🐶 The top 50 #memecoins have collectively grown their market caps by +10% in the past week as #crypto and speculative #altcoins have enjoyed this May rebound. Top 24-hour performers include:
🪙 #MAGA $TRUMP +50%
🪙 #Turbo $TURBO +38%
🪙 #Ponke $PONKE +12%
🪙 #Myro $MYRO +9%
Enjoy the meme coin watchlist link here, and let us know which projects you're watching closely!
📺 Our latest video looks at the continued rebound potential for markets, and how crowd #FUD is exactly what the patient traders are waiting for. Enjoy our latest talk here with Equities Tracker!
😒 The sentiment toward #crypto's top cap assets is still rather negative. This has been the case since the April 19th $BTC #halving didn't immediately result in rising market caps throughout #cryptocurrency. With uncertainty high, small wallets dropping out of the sector may be the ingredient needed for #Bitcoin and many #altcoins to enjoy steady recoveries leading up to the summer.
Enjoy our link to track the weekly sentiment of $BTC, $ETH, $BNB, $XRP, $ADA, $SOL, and $DOGE.
Get yourself a free week trial to Sanbase PRO to see what others in #crypto can't here!