May 13
πΉοΈπ #KeithGill, also known as #RoaringKitty, made his return on Sunday after being known as the face of the 2021 #GameStop breakout.
#Gamestop's +74% surge has caused #crypto traders to take part in massive #memecoin pumps Monday.
Although $MEME comes up in the Saantiment algorithm as the top trending coin, it is likely only due to the association of other assets in the same space seeing massive breakouts today. The big stories are:
πͺ $GME (sharing its ticker name with the #Gamestop stock) has seen its price rise over +1,300% in the past 24 hours.
πͺAlso, #RoaringKitty, with the ticker $ROAR is up a staggering +4,100% in the past 24 hours.
Check to see when various coins on your portfolio hit our Trending Coins dashboard here, which mathematically calculates when the crowd has caught on and may be having #FOMO toward an asset (causing a top)!
π #Bitcoin's funding rate is rising on exchanges like #DyDx and #Deribit. To avoid history repeating itself after last week's top, those #bullish on #crypto want to see $BTC #FOMO staying low, with #shorts opening at the same (or higher) rate than longs.
π With #bearish sentiment high, #crypto markets have continued to slip over the past week. Overall, the market has dropped -3.6%, and volume is -27% lower than the previous week. $TON, $KAS, $RUNE, and $AKT have kept traders hopeful.
Use Santiment's data screener here to keep track of social and price fluctuations to find the opportunities that will fit your portfolio best!
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
π€ 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.
ππ£οΈ $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!