Santiment Analysts Reported: “There is Extreme FUD Sentiment in These Four Altcoins, There May Be a Reverse Reaction”

cryptocurrency Experienced analysts of the analysis company Santiment drew attention to some altcoins as the holiday season slowly begins around the world.

According to analysts, markets in the Western world are preparing for a quiet period due to Christmas, but there is an extremely negative sentiment in some altcoins. Santiment analysts consider altcoins with extremely negative downside sentiment Illuvium (ILV), Storj (STORJ), Litecoin (LTC) And dYdX (DYDX) listed as.

According to analysts, historically there has been a linear correlation between the FUD level of assets and the likelihood of a price jump.

While negative sentiment continues in the altcoins in question Bitcoin The price has remained almost stable in the last 24 hours. Binance’s new CEO, Richard Teng, also said in his statement that he expected the cryptocurrency market to have a calm period during the holiday period.

However, although Bitcoin remains stable, some major altcoins have experienced significant increases in the last 24 hours. aelf (ELF), It ranked first among the 100 largest cryptocurrencies, with a 16% climb.

Then, the largest decentralized exchange of the BNB Chain network. PancakeSwap’s CAKE altcoin with a 15% rise ELF followed. Mina (MINA) ranked third with a 12% increase in value.

*This is not investment advice.