Santiment Analysts Warned About Three Altcoins: “Data Looks Very Positive, Beware of FOMO”

Experienced analysts of the cryptocurrency analysis company Santiment argued in their latest post that three altcoins have taken a significant lead in the cryptocurrency market in the last 24 hours.

According to Santiment analysts, Cardano (ADA), Solana (SOL) and Optimism (OP) differed from the general cryptocurrency market by increasing 19%, 11% and 11% respectively. However, analysts declared that all three altcoins topped the social dominance data for 2023.

However, Santiment analysts made an important warning for the three altcoins in question. According to analysts, in the light of all these positive data, there may be a big FOMO wave in these three altcoins and cryptocurrency users should be careful.

Santiment analysts additionally drew attention to the Chainlink (LINK) altcoin. According to analysts' sharing, funding rates in the LINK token have reached the peak of the last month and appear to be in favor of longs. Pointing out that the LINK price recently regained the $ 16 threshold, analysts claim that there may be a small FOMO wave at the local peak and the $ 20 level may be seen with a small resistance.

*This is not investment advice.