Santiment, the esteemed market intelligence platform, took to Twitter today to divulge the recent market trends of Bitcoin (BTC), Ethereum (ETH), and select altcoins. As per their post, BTC and ETH have managed to maintain their positions within their respective ranges, while some altcoins have experienced a downward spiral.
According to Santiment’s analysis, altcoins like Litecoin (LTC), Serum (SRM), Radicle (RAD), VIDT DAO (VIDT), and Highstreet (HIGH) may present some promising buying opportunities. Despite recent struggles for traders invested in these cryptocurrencies, Santiment predicts that these altcoins are nearing their bottom and could soon rebound.
According to CoinMarketCap, the top two players in the market, BTC and ETH, have seen a slight dip in their value over the last 24 hours, with losses of 1.26% and 0.32%, respectively. Currently, BTC is trading at $27,643.93, while ETH is valued at approximately $1,847.47.
Over the past day, LTC has experienced a downturn, with the altcoin currently valued at $78.78, reflecting a decrease of over 3%. This has further contributed to LTC’s weekly performance, which now stands at -10.05%.
Unfortunately, SRM and RAD faced a challenging day as both altcoins suffered losses exceeding 10% within 24 hours. Currently, SRM is valued at $0.08496, while RAD is traded at $2.62.
During the past day, VIDT and HIGH experienced a decline of over 4%. Compared to BTC and ETH, VIDT underperformed by approximately 3.80% and 4.79%, respectively, while HIGH weakened against BTC by 3.60% and ETH by 4.57%. These figures indicate a challenging market environment for both VIDT and HIGH.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
