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Homeweb3.0Santiment Highlights 10 Cryptos with 'Crowd Optimism'
Santiment Highlights 10 Cryptos with 'Crowd Optimism'Oct 24, 2024 am 09:24 AM
bitcoin Shiba Inu ChainLink

Santiment’s latest analysis ranks Bitcoin, Shiba Inu, and Chainlink among the top cryptos with soaring market sentiment. As analysts predict Bitcoin could hit $230K, these coins are set to be major players in the next rally.

Santiment Highlights 10 Cryptos with 'Crowd Optimism'

Santiment's recent analysis has identified Bitcoin, Shiba Inu, and Chainlink as being among the top cryptocurrencies with soaring market sentiment. As analysts predict that Bitcoin could hit an all-time high of $230K, these coins are set to be major players in the next crypto rally.

Santiment Highlights 10 Cryptos with ‘Crowd Optimism’

In a recent development, Santiment profiled ten digital currencies that it said had "crowd optimism." According to Coingape, the analytics platform coined this phrase to identify the cryptocurrencies that are generating the most buzz among the community. Among those valued at $500 million or more, Chainlink ranks first.

The oracle service provider has been in the news on multiple occasions recently. With its Cross Chain Interoperability Protocol (CCIP) – which includes privacy protections – Chainlink is revolutionizing interoperability.

Bitcoin and Dogecoin Dominate Community Discussions

Other cryptocurrencies on Santiment's list include Filecoin, Shiba Inu, Goat Network, Bitcoin, Dogecoin, XRP, PEPE, and Beam. Of these, Bitcoin has been the subject of particularly widespread discussion as of late. This week, Bitcoin was at the center of a number of social media debates, including those surrounding the possible prohibition of BTC by the Indian government and the self-custody scandal involving Michael Saylor.

Meanwhile, Dogecoin has caught the attention of ordinary investors in a big way this week. With talk of ETFs and DOGE whale accumulations, the coin is poised to spearhead a new bull run.

Speculation Could Drive Short-Term Gains

According to Santiment, this speculative market activity could cause the currencies' prices to spike in the near future, even though they are currently trading at lower levels.

Bitcoin Still the Benchmark for Cryptocurrencies

It bears mentioning that Bitcoin still serves as the industry standard when it comes to measuring cryptocurrencies. Based on घटनाओं like the spot Bitcoin ETF movement, some analysts are projecting that the coin's all-time high (ATH) could be surpassed by the year's conclusion.

Analysts Predict Bold Bitcoin Price Peaks

Bernstein analysts, to be specific, projected that the coin's value would peak at $220,000. Another bold price prediction has it surging to $230,000 if Bitcoin follows Gold's bullish path. While the market offers no guarantees, the highlighted coins could soon be headed for new highs thanks to public opinion and anticipation.

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