Here’s why investors’ sentiments are all over the place when it comes to altcoins
With crypto prices shooting off in unexpected directions, it’s not a surprise that investors’ sentiments are in a muddle. In fact, even the usual Bitcoin versus alt coin dynamic didn’t seem to be steady as feelings were growing more and more fragmented.
Keeping Bitcoin’s price in mind, Santiment’s positive/negative sentiment data for BTC, ETH, BNB, and ADA better revealed how different traders in different camps were processing recent events.
Source: Sanbase
While Bitcoin sentiment was positive and ETH, BNB, and ADA saw negative sentiments, the main takeaway is that sentiments for ETH have risen sharply in January 2022.
However, the latest data was with reference to around 20 January 2022. It remains to be seen how Ether’s 7.79% fall in price in the past 24 hours will affect investors’ sentiments.
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