CandleFocus Analysis Company Announced: “This Altcoin’s Lack of FOMO Could Fuel Its Rally”
2024-12-07
Author: Content Editor
According to cryptocurrency analysis company Santiment, the lack of FOMO (fear of missing out) in altcoin Chainlink (LINK) could be a positive sign for an increase in its value. Despite a recent rally, Santiment claims that there is very little FOMO in LINK, suggesting that the community's lack of faith in the token could fuel a rally. Santiment also reported a decrease in Bitcoin balances in mining wallets since April 2024, with the largest decline in the last 48 hours. However, the firm stated that these wallet balances have not shown a correlation with the price of Bitcoin for most of the year, and that whales and smaller investors are still accumulating BTC.
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