Privacy coins rally may lead to correction

Profile picture
garry
Apr 20, 2020

Takeaway: Privacy coins price action can be used as an unusual rare indicator for spotting intermediary tops

Assets covered: BTC, DASH, ZEC

Tools used: Emerging Trends, Social volume, Social Data Feed


Privacy coins are on the move recently.

One of them appears in Emerging Trends and keeps climbing:

Interesting social volume patterns for two others, XZC and ZEC, were shared earlier in our tweet:

Now it's possible to put together the price action of BTC against two most noticeable stablecoins - DASH and ZEC. A great comparison feature is used for that:

And the pattern we'd like to share today is an unusual rare indicator for spotting intermediary tops.


If any of the privacy coins jumps and BTC is not following - it's a local top.
Exactly like it happened around 9th of April. ZEC and DASH surging while

There’s more of this Insight

Choose your subscription plan

Sanbase PRO

Unlock all PRO insights
$51/mo

Years of market experience, compressed in each report

Since 2017, Santiment has been an industry leader in on-chain data, social intelligence and behavior-based analysis of the crypto market.

Our tools have a proven track record of timing price tops for cryptocurrencies, helping traders find profitable exit points and mitigate HODLing risk.

Our previous TOP calls:
WAVES crowd sentiment patternMATIC charts a new ATH: is the top in?ICX insanity. How far could it go?
insight card
signal form

What you get with Sanbase Pro:

  • Members-only daily market insights and analysis
  • 30+ on-chain, social & project indicators for 900 cryptocurrencies
  • Custom alerts for the coins' price, on-chain & social trends
  • Santiment Spreadsheet plugin with 10+ pre-made market templates
  • Personalized asset watchlists and weekly performance reports

Gain unfair advantage with Sanbase Pro

Subscribe to Sanbase Pro for access to exclusive insights, market-beating metrics, strategies and templates!

Assets from this insight

Bitcoin logo

BitcoinBTC

$ 11567.30

3.90%in last 7d
Zcash logo

ZcashZEC

$ 89.68

8.22%in last 7d
0