While Bitcoin continued to move above $45,000 in the face of increasing optimism that spot Bitcoin ETFs would be approved, it fell to $41,000 with the negative news today.
While the current negative atmosphere has dissipated somewhat, Santiment evaluated some altcoins.
Santiment said that the rise in BTC in recent weeks has also stimulated altcoins and pointed out that six altcoins have made a good debut.
Stating that these altcoins are Internet Computer (ICP), Filecoin (FIL), Arbitrum (ARB), Bitcoin SV (BSV), Maker DAO (MKR) and Sei (SEI), Santiment argued that these altcoins can continue their rise if FOMO does not occur.
“Many emerging altcoins follow tight social volume patterns.
“If there is no FOMO in these altcoins, ICP, FIL, ARB, BSV, MKR and SEI can continue their big runs.”
📊 #Bitcoin's continued climb to $45.8K market value (highest since April, 2021) has helped #altcoins ascend in early 2024. Several breakout assets are following tight social volume patterns. If #FOMO stays away, $ICP, $FIL, $ARB, $BSV, $MKR, & $SEI can continue big runs. pic.twitter.com/wu2a19Ngjo
— Santiment (@santimentfeed) January 3, 2024
*This is not investment advice.
