Cryptocurrency analysis company Santiment shared four altcoins that stood out with their returns this week in its statement.
While Bitcoin price underperformed expectations, Solana (SOL), Jito (JTO), Jupiter (JUP), and Cosmos (ATOM) formed the few major cryptocurrencies in the green zone.
In addition, according to analysts, the data reveals that memecoins have recently started to attract more attention in an environment where Bitcoin has failed to deliver as expected.
Santiment analysts also shared their overall market forecast for the upcoming week after the weekend. According to analysts, assuming that the recent disappointing performance of the market continues over the weekend, the sentiment may shift to the much-needed FUD side of the market, implying a market rally next week.
On the other hand, analysts who talked about the world's largest altcoin Ethereum evaluated ETH as follows:
“Ethereum’s whale activity hit a 6-week high while its price fell to $2,380K on Friday. Historically, this is a sign of accumulation from key holders with high capital. While there is no guarantee that this will have an immediate impact on the price jump, it is encouraging.”
*This is not investment advice.