CandleFocus XRP and Solana Among Cryptos Hit Hard by Negative Sentiment, Chance of Recovery?
2024-10-10
Author: Content Editor
Market intelligence platform Santiment has reported a shift in crowd sentiment towards several top cryptocurrencies, including Solana (SOL) and XRP, amid a bearish market downturn. Santiment suggests that historically, assets with negative sentiment often see eventual price increases. XRP has experienced increased negativity despite a slight price increase, with concerns stemming from the ongoing legal case with the SEC. Solana has also witnessed a downturn in sentiment, but projections suggest it could outpace Ethereum in the future. Other top cryptocurrencies like Chainlink and Ethereum have also faced significant bearish sentiment. Approximately 52% of assets with market capitalizations above $1 billion are currently experiencing negative sentiment trends.
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