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Santiment: FOMO unlikely to hinder further market growth

Author: Content Editor
According to a recent analysis by Santiment, the current bullish trend in the cryptocurrency market may not be disrupted by the fear of missing out (FOMO). Despite the massive rallies in the market, the report highlights a surprising level of neutrality in market sentiment, which could potentially allow for continued growth in the market. Major altcoins such as Stellar, XRP, and Cardano have experienced record-breaking gains in the past 30 days, but the euphoria has cooled off after a wave of profit-taking. This profit-taking wave occurred after Bitcoin attempted to break the $100,000 mark, leading to a market retracement. However, Santiment's findings suggest that the lack of retail enthusiasm and the reduced noise surrounding top-performing assets could be positive indicators for further market growth without the volatility driven by FOMO-induced buying. Market veterans such as Cardano founder Charles Hoskinson and Michaël van de Poppe believe that the ongoing bull run is not yet over and anticipate further growth in the market.

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