QuickSwap (QUICK), OMG Network (OMG) and Radicle (RAD) are the three altcoins that investors are showing serious fear, uncertainty and doubt (FUD), according to Santiment, a cryptocurrency analysis firm.
According to Santiment, these coins are historically likely to be less risky, as average investors are at a loss in the short, medium, and long-term timeframes.
Santiment also explained that it is closely examining the activities of a specific subset of stablecoin holders who hold balances ranging from $10,000 to $100,000 in stablecoins.
Santiment calls them “dolphins” or “sharks” because they are not as large as “whales” but still have a significant impact on the market.
Santiment observed a noticeable lack of stablecoins-to-assets conversions over the past week, taking it as a positive sign of stability in the market.
However, Santiment also warned that this behavior could change in the next 24 hours, especially after today's price drops.
Santiment is wondering whether users will perceive this change as an opportunity to buy the bottom line or will they choose to abandon ship amid growing market uncertainty.
*Not investment advice.
