May 7
The #AI & #BigData surges continue, as #crypto projects related to the expanding industry continue to blossom. $RNDR (+11%) is seeing rapidly rising conversations as the top trending asset currently. Keep an eye on $AIOZ, $TURBO, $CIRUS, & $DERI also.
According to the Relative Strength Index, the majority of top market cap #cryptocurrencies are in slight buy zones. This popular momentum oscillator, which is commonly used in technical analysis, suggests #Cardano as a potential buy low candidate.
May 6
#Tellor is one of the top performing assets thus far in May, exactly doubling in market cap since the calendar month turned. Whale transactions and address activity have both seen sudden spikes, which are suggesting potential $TRB profit takes.
The top trending tokens in #crypto today are:
#Worldcoin $WLD: The #AI asset has seen its market cap grow +44% thus far in May after bottoming out at the end of April. It has also seemingly gotten a boost after #WarrenBuffett made recent controversial comments about potentially illicit financial activities that have become more prevalent thanks to the accessibility of #ArtificialIntelligence.
#Litecoin $LTC: The prospect of future #LitecoinETF's have received some renewed interest with connections to #Grayscale.
Track the projects that are likely to see the most movement on any given day with Santiment's world leading Trending Tokens Dashboard, available here!
Brokerage platform #Robinhood is the latest to be in the #SEC's crosshairs, accused of securities law breaches. The company maintains their #crypto trading offerings aren't securities. Expect this to have an impact on market movement throughout May.
#Ethereum rebounded back above $3,200 this weekend, and saw massive network growth. 196.71K new addresses were created on the $ETH network on May 4, 2024, the largest single day of growth since October 8, 2022. This should be viewed as a #bullish sign.
May 4
📺 We look at the #crypto market landscape alongside our friend, Trade Devils, to see what is next for your portfolio's immediate future. Enjoy our comprehensive look at several different sectors in our latest video!
May 3
#Bitcoin has bounced on a #bullish Friday with its market cap rising +5.4% in 24 hours. The crowd has completely #flipflopped on their #Binance trades, going from liquidated #shorts to #longs after this bounce. For the rally to continue, we don't want to see #FOMO rising too much higher than what it appears to be now.
Track the $BTC price and funding rate data on this Santiment link here!
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