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

Santiment analysts recently highlighted the excessive FUD (Fear, Uncertainty, and Doubt) sentiment surrounding four altcoins, suggesting the possibility of a counter reaction in the near future. As the holiday season approaches, cryptocurrency markets in the Western world are expected to enter a quieter period. However, Illuvium (ILV), Storj (STORJ), Litecoin (LTC), and dYdX (DYDX) have been experiencing notably negative sentiment. Santiment analysts have observed a historical correlation between a high FUD level and potential price jumps. Despite the negative sentiment in these altcoins, Bitcoin has remained relatively stable in the last 24 hours. Richard Teng, the newly appointed CEO of Binance, also commented on the anticipated calmness in the cryptocurrency market during the holiday season. Meanwhile, some major altcoins saw significant gains, with aelf (ELF) leading the way with a 16% increase among the top 100 cryptocurrencies. PancakeSwap’s CAKE altcoin, the largest decentralized exchange on the BNB Chain network, followed with a 15% increase, while Mina (MINA) ranked third with a 12% rise. Please note that this information should not be considered as investment advice.