Analytics Firm Says Bitcoin and XRP Flashing Bullish Signals, Predicts Further Downside for One Top-25 Altcoin

Analytics Firm Says Bitcoin and XRP Flashing Bullish Signals, Predicts Further Downside for One Top-25 Altcoin


Crypto analytics firm Santiment says both Bitcoin (BTC) and XRP are flashing bullish signals amid the market downturn.

Starting with Bitcoin, Santiment says that the social dominance metric of the flagship crypto asset has gone up.

According to Santiment, the social dominance metric, which indicates the percentage of discussions on various platforms focused on one asset at any given time relative to other assets, has historically acted as a reliable signal for predicting the bottom.

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“Bitcoin’s price has hit a three-month low. According to our sentiment data, negative comments surged to month highs. Shorting on exchanges has at least halted the bleeding. BTC social dominance has also spiked, which is historically a good bottom signal.”

Source: Santiment

Turning to XRP, Santiment says that optimism among

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