According to the crypto analytics platform Santiment, there are 20 digital assets that show strong potential for an upcoming rally, identified through a significant sentiment metric.
In a recent post on the social media platform X, Santiment highlighted that these assets are currently experiencing a notable amount of negative public sentiment on social media. Among them are the decentralized oracle network Chainlink (LINK) and the smart contract platform Ethereum (ETH).
The firm suggests that this prevailing negative sentiment may indicate a forthcoming surge in these digital assets.
“Chainlink, Ethereum, Bitcoin, Solana, and XRP are currently the assets attracting the most negative attention during this mild crypto downturn. Historically, coins that face the most bearish narratives often have the greatest potential for recovery.”
Santiment’s list of the “20 best candidates” for a bullish turnaround includes:
1. Chainlink (LINK)
2. Ethereum (ETH)
3. Bitcoin (BTC)
4. Solana (SOL)
5. XRP
6. Optimism (OP)
7. Polygon (MATIC)
8. Sui (SUI)
9. Cronos (CRO)
10. Fantom (FTM)
11. Avalanche (AVAX)
12. Cardano (ADA)
13. Render (RENDER)
14. Floki (FLOKI)
15. Pepe (PEPE)
16. Toncoin (TON)
17. Filecoin (FIL)
18. Injective (INJ)
19. Shiba Inu (SHIB)
20. Tron (TRX)
Santiment elaborates on its methodology for compiling this list, stating, “Weighted Sentiment is an adjusted metric that combines the social volume of an asset across various platforms, including X, Reddit, Telegram, 4Chan, and Bitcointalk, and is calculated by multiplying this volume by the ratio of positive to negative comments related to that asset.”
Additionally, the market intelligence platform notes that recent activity in Bitcoin suggests a potential rally for the leading cryptocurrency.
“Our metrics reveal a significant increase in dormant Bitcoin activity, alongside $37.4 billion in on-chain volume on Tuesday, the highest level seen in seven months. Historically, when stagnant BTC returns to circulation, it bodes well for future price movements.”
As of the time of writing, Bitcoin is trading at $60,734, down more than 2.3% over the past 24 hours.
