Santiment Analysts Reported: “These Four Altcoins Have Excessive FUD Sentiment, A Counter Reaction May Follow”

Experienced analysts of the cryptocurrency analysis company Santiment drew attention to some altcoins as the holiday season slowly begins around the world.

According to analysts, markets in the Western world are preparing for a quiet period due to Christmas, but there is an extremely negative sentiment in some altcoins. Santiment analysts listed altcoins with extremely negative downside sentiment as Illuvium (ILV), Storj (STORJ), Litecoin (LTC), and dYdX (DYDX).

According to analysts, historically there has been a linear correlation between the FUD level of assets and the likelihood of a price jump.

While negative sentiment continued in the altcoins in question, the Bitcoin price remained almost stable in the last 24 hours. Binance's new CEO, Richard Teng, also said in his statement that he expected the cryptocurrency market to have a calm period during the holiday period.

However, although Bitcoin remains stable, some major altcoins have experienced significant increases in the last 24 hours. aelf (ELF) was the bullish leader with a 16% climb among the top 100 cryptocurrencies.

Then, the CAKE altcoin of PancakeSwap, the largest decentralized exchange of the BNB Chain network, followed ELF with a 15% increase. Mina (MINA) ranked third with a 12% increase in value.

*This is not investment advice.