Bitcoin, the leading cryptocurrency that did not experience a significant price change over the weekend, decreased by 1.47 in the last 24 hours.
With this decline, some altcoins experienced decreases as BTC approached the $ 26,000 limit.
At this point, a post about altcoins came from Santiment.
Comparing Bitcoin and altcoins, Santiment said that BTC's discussion rate compared to altcoins has reached its lowest level in the last 3 months.
Santiment also stated that smaller altcoins such as LOOM, CREAM, and SXP are more discussed by investors, which often indicates the greed of the market.
“Bitcoin's discussion rate compared to altcoins has reached its lowest level in the last 3 months.
Smaller projects like LOOM, CREAM, SXP are seeing increases in investor chatter, often indicating the market's greed for these altcoins. “
🗣️🤑 #Bitcoin's ratio of discussions compared to #altcoins has just hit a 3-month low as traders look elsewhere to #FOMO in on #crypto pumps. Smaller projects like $LOOM, $CREAM, and $SXP are seeing surges in chats, which typically indicates market greed. https://t.co/1WaB9rKRSp pic.twitter.com/tcIodzGPaf
— Santiment (@santimentfeed) September 25, 2023
While the greed in the market creates the expectation of a correction, the popular analysis company, which tries to measure the emotional reflexes of cryptocurrency investors, calculates “fear and “greed index” is calculated today as 47 points out of 100 and is neutral.
When the index is at a neutral value, it means that the market is neutral, neither too fearful nor too greedy. It indicates that the market is in a state of balance, with investors not being overly optimistic or pessimistic about the future prospects of the crypto market.
“LINK Price Increased 23 Percent in 2 Weeks!”
Apart from these altcoins, Santiment also evaluated the performance of Chainlink.
Pointing out that Chainlink was one of the best-performing cryptocurrencies of September, Santiment said that the LINK price increased by 23% in 2 weeks.
“Chainlink remains one of the best-performing cryptocurrencies of September.
Unlike many other assets, when LINK moves to exchanges its price usually sees the first rise. “As the foreign exchange supply has now returned to cold wallets, it has caused the price to increase by 23% in 2 weeks.”
LINK is trading at $7.23 at the time of writing.
🔗👍 #Chainlink continues to be one of the best #crypto performers in September. Unlike many other assets, its price often sees an initial lift when $LINK moves to exchanges. Its price is +23% in 2 weeks as exchange supply now flows back to cold wallets. https://t.co/mocTwCW3vR pic.twitter.com/juDXb70iTX
— Santiment (@santimentfeed) September 25, 2023
*This is not investment advice.
