Santiment Said There is FOMO in the Market, Called on Investors to Be Careful: 3 Memecoin Cited as Example

by Lester White

Santiment, one among potentially the most correctly-identified prognosis corporations within the cryptocurrency world, drew attention to some altcoins in a brand new prognosis it printed.

In step with the put up by Santiment, memecoins skilled horrid increases this day. Analysts cited PEPE, which is up over 75% this day, FLOKI, which is up 50%, and WIF, which is up 51%, as trending memecoins.

Santiment analysts acknowledged that the upward thrust in such memecoins is a signal of FOMO within the cryptocurrency market and cryptocurrency traders ought to silent watch out.

Bitcoin tag managed to upward push above $ 57,000 in this day’s upward wave. BTC rose to an all-time high of $69,000 in 2021. Alternatively, when this portray is adjusted for buck inflation within the US, the BTC tag must climb above approximately $75,000 to attain the identical procuring energy.

Alternatively, we are in a position to claim that all portray ranges are measured in nominal terms and this skill that truth if the BTC tag exceeds the $ 69,000 level, this could perchance well honest have reached an all-time high.

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