{"id":21442,"date":"2022-06-30T12:41:18","date_gmt":"2022-06-30T12:41:18","guid":{"rendered":"http:\/\/egrowonline.com\/?p=21442"},"modified":"2022-06-30T12:41:18","modified_gmt":"2022-06-30T12:41:18","slug":"cardano-fomo-could-return-quickly-according-to-blockchain-analytics-firm-santiment-heres-how","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=21442","title":{"rendered":"Cardano FOMO Could Return Quickly, According to Blockchain Analytics Firm Santiment \u2013 Here\u2019s How"},"content":{"rendered":"


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A leading crypto analytics firm says trader sentiment on Cardano (ADA) isn\u2019t high right now, but that could quickly change.<\/p>\n

In a new analysis, Santiment notes<\/a> Cardano is currently witnessing the highest amount of unique addresses interacting on its network in a year.<\/p>\n

\u201cOn top of this, sentiment on social platforms has fallen to a 4-month low. When ADA spikes again, FOMO should return quickly.\u201d<\/em><\/p>\n

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Source: santimentfeed\/Twitter<\/figcaption><\/figure>\n

Cardano<\/a> is trading for $0.46 at time of writing, down more than 1% in the past 24 hours and down more than 85% from its all-time high of $3.09, which it hit last September.<\/p>\n

According to Santiment<\/a>, Bitcoin (BTC) is seeing increased social volume relative to altcoins.<\/p>\n

\u201cBitcoin is seeing increased discussion in the latter half of June after the majority of altcoins have dropped 80% or more from their November market cap values. Historically, declining interests in inorganic alt pumps are a positive sign for crypto.\u201d<\/em><\/p>\n

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Source: santimentfeed\/Twitter<\/figcaption><\/figure>\n

Bitcoin<\/a> is trading for $19,994 at time of writing, down more than 1% in the past 24 hours.<\/p>\n

The crypto analytics firm also notes<\/a> positive commentary on Ethereum (ETH) is at its lowest point relative to negative commentary in four years.<\/p>\n

\u201cEthereum is back below $1,200 as crypto and equities retraced Tuesday. Positive commentary is very scarce these days for the #2 market cap asset. So much so that we haven\u2019t seen the ratio of positive vs. negative comments this low since May 2018.\u201d<\/em><\/p>\n

\"\"
Source: santimentfeed\/Twitter<\/figcaption><\/figure>\n

Ethereum<\/a> is trading for $1,094 at time of writing, down nearly 4.5% in the past 24 hours.<\/p>\n

According to Santiment<\/a>, the decentralized oracle network Chainlink (LINK) witnessed a surge in LINK tokens moving addresses.<\/p>\n

\u201c80.8 million cumulative unique LINK moved addresses Tuesday, breaking a 5-year record. Its opening trading days in September 2017 were the only time we\u2019ve seen more.\u201d<\/em><\/p>\n

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Source: santimentfeed\/Twitter<\/figcaption><\/figure>\n

Chainlink<\/a> is trading for $6.19 at time of writing, down almost 2.5% in the past 24 hours.<\/p>\n

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

Featured Image: Shutterstock\/anastasia.gis<\/em><\/span><\/p>\n<\/p><\/div>\n


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A leading crypto analytics firm says trader sentiment on Cardano (ADA) isn\u2019t high right now, but that could quickly change. In a new analysis, Santiment notes Cardano is currently witnessing the highest amount of unique addresses interacting on its network in a year. \u201cOn top of this, sentiment on social platforms has fallen to a […]<\/p>\n","protected":false},"author":1,"featured_media":21443,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[44],"tags":[1890,73,266,1585,3514,164,6250,401,1586],"class_list":["post-21442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ada","tag-analytics","tag-blockchain","tag-cardano","tag-firm","tag-fomo","tag-heres","tag-quickly","tag-return","tag-santiment"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/06\/ADA-FOMO-Could-Return-.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/21442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21442"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/21442\/revisions"}],"predecessor-version":[{"id":21444,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/21442\/revisions\/21444"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/21443"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21442"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}