Yuri Molkhan
People seem to be more excited about cryptocurrencies now on the major social media platforms like Twitter, Reddit, etc.
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- “Crypto Gains Some Bullish Voices Again”
- Ethereum transactions in profit surge
The popular Santiment data provider tweeted that users of various social media platforms are showing excitement about crypto. Meanwhile, Bitcoin and Ethereum are recovering while the rest of the market remains in the red.
“Crypto Gains Some Bullish Voices Again”
According to a tweet from Santiment, the word “pump” currently dominates the public channels of various social media – on Reddit, Discord, Twitter and Telegram. Santiment’s analytics team believes that this FOMO (“fear of missing out”) is not a major issue; So far, however, they have not seen any signs of euphoria.
🐂 #Crypto seems to be gaining some #bullish voices again as the word #pump has reached its peak dominance among public #Discord, #Twitter, #Telegram and #Reddit channels. This #FOMO is a slight concern, but no big euphoric signals yet. 👍 https://t.co/m6QAvj3T5J pic.twitter.com/mypFv3k6Uo
— Santiment (@santimentfeed) April 21, 2022
Ethereum transactions in profit surge
As the market transitioned from green to mostly red, Santiment has noted that right now, about 3.05x ETH trades are making profits compared to those made at a loss.
To sue
If this ratio holds at this level, it would be the highest profit-taking since Oct. 20 – half a year ago – when Ethereum was trading at $4,054. At press time, ETH is showing a slight drop in price from the $3,160 zone to $3,102, but it has turned green and is now up 0.08%. Besides ETH, among the other top 10 cryptos in the green are only BTC, Terra, and Cardano.
Image via CoinMarketCap
After hitting $40,961 on April 20, the global flagship cryptocurrency is up 2.47% today, trading at $41,994 at press time.
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