- During the recent price downturn, crypto trader sentiment has been the most negative towards Chainlink, Ethereum, Bitcoin, Solana, and XRP.
- Assets with historically the most bearish crowd narrative have the highest potential for recovery.
- Santiment’s on-chain data marks 20 cryptoassets with a high probability of recovery.
Crypto intelligence tracker Santiment tracks narratives among traders and identifies which assets have the best chance of recovery. Typically, the assets that have the most negative sentiment among crypto traders have the best chance of recovery.
Chainlink (LINK), Ethereum (ETH), Bitcoin (BTC), Solana (SOL), and XRP rank among the top five assets with the most negative sentiment among crypto traders.
These 5 assets could recover from correction
Santiment's analysts combine an asset's social volume (across X, Reddit, Telegram, 4Chan, and Bitcointalk) and multiply it by the ratio of positive to negative comments for that asset to find the most negative and We use weighted sentiment, a metric that identifies positive comments. Assets after the cryptocurrency crash.
According to on-chain data, approximately 52% of crypto assets with a market capitalization above $1 billion have more negative sentiment than the average rate. Analysts named the 20 cryptocurrencies with the most negative sentiment in tweets about X.
Chainlink, Ethereum, Bitcoin, Solana, and XRP are the assets that the crowd is viewing most negatively during this mild crypto recession. Coins with historically the most bearish crowd stories are most likely to rise. The 20 best candidates are:
1) #chain link… pic.twitter.com/9NzhjE0F0Z
— Santiment (@santimentfeed) October 9, 2024
The top five cryptocurrencies with the most negative sentiment are:
LINK is up less than 1% on Thursday and is trading at $10.62 at the time of writing. On the day, ETH, BTC, and SOL rose by 1.22%, 0.80%, and 0.33%, respectively. XRP is up nearly 0.50% and trading at $0.5272.
