📺 The crowd's sentiment toward various #altcoins make a big difference in which ultimately are able to separate from the pack, particularly in flat #crypto market conditions like we're seeing now. Our fresh, new video covers Santiment's highly coveted and impressive Weighted Sentiment metric, and which assets to watch for #FOMO and #FUD!
👀📊 All eyes of the #crypto community shifted toward $BTC after the #SEC's false announcement of #BitcoinETF approvals. However, it has been #altcoins that have quickly seen major surges despite #Bitcoin declining as low as $45.4K.
Though a multi-day #altcoinparty would please many who have been trading into more speculative assets today, remember that a lack of confidence in #cryptocurrency's top asset would inevitably lead to the downfall of many market caps that rely on $BTC's price to stay steady. 🙏
📺 Our latest video has just dropped, and it's all about the big network activity spikes that several #altcoins are seeing behind the curtains! Learn how to use these coins' network spike examples to make your future buy and sell decisions much easier. 👍
If you haven't yet, feel free to start a free trial here and explore all of the same real-time charts that were showed off in today's video!
📊 #Litecoin, #Maker, and #LidoDao are all seeing rapidly rising address activity. Typically, this gradually rising utility is accompanied by market cap growth. While $MKR and $LDO have seen this come to fruition, $LTC has yet to see a similar rise.
Track over 2,700 #crypto assets and optimize your portfolio according to the #bullish and #bearish divergences popping up on Santiment's leading metrics and indicators every day. Enjoy a free trial here, and join our wonderful & positive community!
🧑💻 #Crypto's top #NFT-related coins by notable development activity, past 30 days:
1 Osmosis $OSMO
2 Uniswap $UNI
3 Radix $EXRD
4 DyDx $DYDX
5 Lido Dao $LDO
6 Synthetix $SNX
7 Fox Token $FOX
8 Kyber Network Crystal $KNC
9 Centrifuge $CFG
10 Sora Validator Token $VAL
Check out Santiment's methodology for pulling #github activity data from project repositories, and why it is so useful for #crypto trading.
Try a free week of Sanbase PRO and see what others in #cryptocurrency can't!
📈 #Altcoins like #Polkadot, #Avalanche, and #LidoDao have enjoyed nice market cap growth as #Bitcoin continues teasing a possible $40K market value before 2024. Note $BTC's declining social volume & rise in interest in others, which typically hints at a slight crowd greed bias.
Grab yourself a free 1-week trial to Sanbase PRO before the #bullmarket really kicks into gear, and see which assets are likely to jump in value next. See what others in #crypto can't, and never look back. 😎
Lido Finance kicked off the 2023 trading year by displacing MakerDAO as the decentralized finance (DeFi) protocol with the highest total value locked (TVL). Still maintaining its spot, its TVL currently sits at $8.22 billion, per data from DefiLlama.
The reason for the rally in TVL is not far-fetched. With the Shanghai upgrade scheduled to take place before the close of Q1, 2023, the liquid-staking platform has witnessed a surge in the number of staked deposits on its platform.
Further, the growth in user activity on Lido Finance has contributed to a rally in the value of its native token LDO. On a year-to-date basis, LDO's price has gone up by 163%.
Interestingly, while the LDO addresses that hold between 100 and 1,000,000 LDO tokens have spent the last month accumulating the altcoin, holders of 1,000,000 to 100,000,000 LDO tokens gradually let go of their holdings.
Dear bulls and dear bears,
We have something for each of you, to support your take on the market.
We are seeing some patterns emerging now, for example on Lido:
It's in the process of building the top, in the final stage of divergences. Divergence in network activity and in network growth:
Price remains on top, however active addresses and network growth are down.
This is usually a bearish sign, a well known pattern.
Building a top can take time. You never know the timing of top building. No one knows.
The good news is MVRV is not over. It's below dangerous 'overbought' level for a number of assets. Examples below.
We could also assume that some tokens are done, some not yet. We'll see it soon.