Blockchain analytics firm Santiment has expressed bullish sentiment on the seven cryptocurrencies currently under heavy stakes.
santimento To tell Layer-1 blockchain Solana (SOL), decentralized public network Hedera (HBAR), and privacy coin Zcash (ZEC) are some of the crypto assets set to rise amid a violent short.
According to Santiment, other altcoins rising among the big bets against them are decentralized network DigiByte (DGB), Internet of Things blockchain Helium (HNT), decentralized finance (DeFi) platform Kava (KAVA), smart Kusama is a contract-enabled blockchain. (KSM).
“Today, traders are aggressively shorting altcoins and some assets may be ready to be shorted. If altcoins gain momentum, DGB, HBAR, HNT, KAVA, KSM, SOL and ZEC could be small breakout candidates.”
Bitcoin (BTC) Turns to Santiment To tell Active accumulation by small to medium-sized owners of flagship crypto assets.
“Small to medium Bitcoin addresses (0.1 to 100 BTC) are in one of the most aggressive accumulation cycles in history, with holdings growing 9% in the last six months.”
According to analytics firm, small and medium-sized Bitcoin holders are be more successful in predicting long-term price movements over short-term ones.
“Overall, these investors seem to be trending right in the long term, but they don’t always accurately predict short-term price movements.”
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