Insights Pulse Insights

Mar 6

Top Trending Tokens Reveal Traders Still Have Memecoins on Their Minds! 6-03-24, 20:33

🗣️ After the rollercoaster 24 hours following #Bitcoin's new #AllTimeHigh and markets hitting the reset button, #ShibaInu and #DogWifHat are top assets traders are anticipating potential rebounds from. #Solana is seeing speculative #bullishness as well.

Mar 5

Bitcoin's Sentiment Mainly Neutral as All-Time High is Within Striking Distance 5-03-24, 00:48

😮 #Bitcoin's $68.6K #AllTimeHigh is within 0.9% of its current $68.0K market value. Though there seems to be a high ratio of traders who expect this value to be exceeded shortly, the overall sentiment is much closer to neutral than previous #bullcycle data.

Unlike the many #memecoins and other surging #altcoins that have recently pumped, $BTC's neutral sentiment is actually a strong side that a rally can keep momentum. With a fair amount of disbelief, shorts can get liquidated and continue to fuel a rally past $70K and beyond.

It is best to assess how sentiment may shift WHEN the seemingly inevitable #ATH hits, as sudden shifts in crowd perceptions can change wildly after any major resistance level is breached.

Note that markets typically move the opposite direction of traders' expectations. Monitor Santiment's data-backed crowd sentiment for Bitcoin and other trending tokens here.

Mar 4

Memecoin Tradins Volume Has Historically Risen as Altcoin Redistribution Hasn't Slowed Down 4-03-24, 07:40

📈 #Memecoins, particularly those that have been trending over the past week, have skyrocketed in trading volume due to surging prices and increased crowd interest. On average, $SHIB, $PEPE, $FLOKI, and $BONK have seen volume rise +3,000% in the past week.

Consider combining spiking trading volume with spiking social volume as a key volatility and price reversal indicator (whether you are awaiting a top or bottom) for any asset, memecoin or otherwise.

Get a free Sanbase PRO trial to monitor all of these types of metrics in real-time with historic data!

Jan 27

Shiba Inu [SHIB]: Maybe "Shibarium" will change the tides for this meme-coin. 27-01-23, 13:36

Following an unimpressive end to the 2022 trading year, the proposed launch of the much-awaited layer-2 blockchain Shibarium and the uptrend in the general market have culminated in a growth in SHIB's value since 1 January.

Currently trading at $0.000012, SHIB's price has increased by 42%. For the most part, market sentiment has been mostly positive, indicating that the market is convinced of a continued rally in the alt's price as long as macro-factors remain favorable.

However, the recent rally has failed to result in gains for many holders due to the ongoing effects of the turbulent trading period in 2022. This is indicated by SHIB's MVRV remaining in the undervalued range.

Source: Santiment

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