Santiment Pointed to This Altcoin Exploding After Bitcoin ETF Approval! Answered the Question of Will the Rise Continue?

SEC’s spot Bitcoin ETF after approval BTCWhile the reaction of altcoins It recorded good increases.

at this point Ethereum (ETH), Ethereum Classic (ETC) and Arbitrum (ARB) While altcoins such as have attracted attention with their rise, Santiment examined ETC.

While ETH has increased by 8% in the last 24 hours, ETC has increased by 31% and ARB has increased by 14%.

ETCWith its rise following the spot Bitcoin ETF approval announcement, it rose above $26 for the first time since October 2022.

Stating that this increase is due to the increase in ETC trade volume centimetersaid that investors have shown great interest in ETC.

Commenting on whether ETC’s rise and investor interest will continue, Santiment said that despite the increase in transaction volume, it is still stable for now. ETC He said that the sentiment is neutral and it is not clear at the moment whether the rise will continue.

“Ethereum Classic experienced a rapid breakout following the Bitcoin ETF announcement, rising above $26 for the first time since October 2022.

The increase in price is due to the increase in ETC trading volume and indicates great interest from investors.

Despite the increase in trading volume, investor sentiment towards ETC remains neutral for now.”

ETC continues to trade at $27.96 at the time of writing.

📈 #EthereumClassic has blasted off following the #BitcoinETF announcement, reaching above $26 for the first time since October, 2022. Trading volume has surged, indicating major trader interest. However, $ETC sentiment still appears neutral for now. https://t.co/LhebnauCQX pic.twitter.com/wEf3ujmqH6

— Santiment (@santimentfeed) January 11, 2024

*This is not investment advice.