Bitcoin and altcoins are having a bad time. While the sales of giant governments, the sales pressure from Mt.Gox refunds and the outflows in spot Bitcoin ETFs were effective in this, the current market evaluation came from Santiment analysts.
Accordingly, Santiment said that fear and suspicion (FUD) prevailed on social media at a historical level, and stated that there were more selling statements for cryptocurrencies on social media than buying.
Pointing out that this situation is rare, Santiment said that it offers a buying opportunity for brave investors in the face of FUD, which increases with the anger and disappointment of the crowd.
“Markets continued to bleed and social media has now reached historic FUD levels.
Crypto forums talk more about “selling” than “buying” and this is rare. However, we have seen several of these examples in the last 24 hours; these include the largest ratio of negative to positive reviews ever in 2024.
This situation is an opportunity for brave investors. There is an environment in which brave investors may want to be truly contrarian. Buy the anger and frustration of the crowd.”
Three Altcoins Offer Buying Opportunities!
Santiment analysts said that while there are declines in the Bitcoin and cryptocurrency markets, three altcoins offer the opportunity to buy from the bottom.
Stating that there is an increase in address activity and investor interest in some altcoins at this point, Santiment explained that these altcoins offer reliable dip buying opportunities for brave investors.
Stating that some altcoins were ignored during the sharp declines, Santiment said that these were OP, NEXO and STORJ.
“ Are you ignoring crypto during this decline?
Note that investors are still busy and large increases in address activity are occurring.
“Keep cryptocurrencies like OP, NEXO, and STORJ in mind as brave dip buyers look for opportunities.”
*This is not investment advice.