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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/santiment-identifies-20-cryptocurrencies-likely-to-gain-value/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Santiment Identifies 20 Cryptocurrencies Likely to Gain Value</a> 
The cryptocurrency analysis platform Santiment has identified 20 cryptocurrencies that are likely to gain value based on negative public sentiment observed on social media. In a post shared on the social media platform X, the company announced that prominent assets like Chainlink and Ethereum are included in this list.
<h2 style="text-align: justify" id="negative-sentiment-and-potential-rise">Negative Sentiment and Potential Rise</h2>
According to Santiment, the increasing negative comments about these assets on social media may indicate potential future value gains. It has been noted that negative sentiment historically increases the chances of recovery for cryptocurrencies that have entered a downtrend.
<blockquote>
 “Chainlink, Ethereum, Bitcoin , Solana , and XRP have been assets that the community has heavily criticized during the ongoing crypto downturn. Altcoins that attract the most bearish crowds historically have a greater chance of rising.”
</blockquote>
While compiling the “20 best candidates” list, Santiment utilized the “Weighted Sentiment” metric, which combines the social volume of assets on various platforms (X, Reddit, Telegram, 4Chan, and Bitcointalk) with the ratio of positive and negative comments. This method aims to provide a more accurate reflection of the assets’ overall sentiment.
<h2 style="text-align: justify" id="possible-rally-signals-for-bitcoin">Possible Rally Signals for Bitcoin</h2>
Santiment also provided insights regarding a potential price increase for Bitcoin.
<blockquote>
 “Our metrics indicate an unusual spike in activity on the Bitcoin network, with on-chain volume reaching $37.4 billion on Tuesday. Historically, stagnant BTC re-entering regular circulation is a positive indicator for future price movements.”
</blockquote>
Furthermore, Santiment noted that Bitcoin may experience a rally soon.
Returning to the 20 cryptocurrencies, other assets listed include Solana, XRP, Optimism, Polygon, Sui, Cronos, Fantom, <a href="https://en.coin-turk.com/inscription-frenzy-in-the-avalanche-ecosystem/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Avalanche</a>, Cardano , Render, Floki, Pepe, Toncoin, Filecoin, Injective, <a href="https://en.coin-turk.com/shiba-inu-coin-gains-attention-as-insider-hints-at-future-developments/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Shiba</a> Inu, and Tron. According to Santiment’s analyses, these assets could see a value increase following negative sentiment.
Santiment’s analyses can serve as a valuable tool for identifying potential upside opportunities for traders. This approach demonstrates how social media data can be leveraged to anticipate fluctuations in the <a href="https://en.coin-turk.com/bitcoin-and-altcoins-face-price-fluctuations-amidst-market-pressure/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency market</a> and offers a unique perspective on market dynamics.
In conclusion, the data presented by Santiment may help in identifying trends and potential upward opportunities in the cryptocurrency market. By harnessing the power of social media, analyzing the future performance of crypto assets becomes more feasible.
The post <a href="https://en.coin-turk.com/santiment-identifies-20-cryptocurrencies-likely-to-gain-value/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Santiment Identifies 20 Cryptocurrencies Likely to Gain Value</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

Santiment Identifies 20 Cryptocurrencies Likely to Gain Value

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