Crypto analytics platform Santiment is warning that three crypto assets are witnessing negative bias amid their poor price performance year-to-date.
Santiment says that traders are beginning to “turn on” smart contract-enabled blockchains Cardano (ADA), Tron (TRX) and EOS (EOS).
According to the crypto analytics platform, such negative bias is historically a sign that the bottom could be close.
“Cardano, EOS, and Tron are 3 once popular assets that have had trading crowds begin to turn on them. Price performance has been particularly rough for these three in 2022, and the capitulation may soon lead to price rebounds to reel them back in.”
In contrast to the outlook for the above smart contract-enabled blockchains, Santiment says that decentralized blockchain oracle Chainlink (LINK), layer-2 scaling solution Polygon (MATIC) and decentralized finance (DeFi) platform Aave (AAVE) could have topped out for the short-term.
Santiment, however, says that if Bitcoin (BTC)’s key support level...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...