A leading crypto analytics firm says trader sentiment on Cardano (ADA) isn’t 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.
“On top of this, sentiment on social platforms has fallen to a 4-month low. When ADA spikes again, FOMO should return quickly.”
Cardano 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.
According to Santiment, Bitcoin (BTC) is seeing increased social volume relative to altcoins.
“Bitcoin 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.”
Bitcoin is trading for $19,994 at time of writing, down more than 1% in the past...
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