Crypto analytics firm, Santiment, noted that the crypto community has shifted towards a bearish sentiment. This has affected some major assets like Chainlink, Ethereum, Bitcoin, Solana, and XRP.
This downturn occurred during a mild slump in the crypto market. Santiment noted that historically, assets that face the most negative crowd narratives often have the highest potential for future price increases. They presented a list of the top 20 altcoins that are currently seen in a negative light:
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Chainlink ($LINK)
Ethereum ($ETH)
Bitcoin ($BTC)
Solana ($SOL)
XRP ($XRP)
Optimism ($OP)
Polygon ($MATIC)
Sui ($SUI)
Cronos ($CRO)
Fantom ($FTM)
Avalanche ($AVAX)
Cardano ($ADA)
Render ($RENDER)
Floki ($FLOKI)
Pepe ($PEPE)
Toncoin ($TON)
Filecoin ($FIL)
Injective ($INJ)
Shiba Inu ($SHIB)
Tron ($TRX)
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Show more +In response to this, DC (@DavidCo75478120) chimed in with humor, questioning whether this bearish sentiment was a common trend across all major cryptocurrencies. He remarked, “Is this like all the major cryptos? Lmfao.”
Santiment quickly clarified this point, stating that around 52% of assets with market capitalizations exceeding $1 billion are currently experiencing a more negative sentiment than their average rates. They reinforced that the 20 assets listed are those with the most pronounced bearish sentiments at this time.
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