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Santiment’s latest analysis ranks Bitcoin, Shiba Inu, and Chainlink among the top cryptos with soaring market sentiment. As analysts predict Bitcoin could hit $230K, these coins are set to be major players in the next rally.
Santiment Highlights 10 Cryptos with 'Crowd Optimism'
In fact, Santiment profiled ten digital currencies that it said had "crowd optimism." According to Coingape, the analytics platform coined this phrase to identify the cryptocurrencies that are generating the most buzz among the community. Chainlink is ranked first among those with a valuation of $500 million or more.
On multiple occasions recently, the oracle service provider has been in the news. Chainlink is revolutionizing interoperability with its Cross Chain Interoperability Protocol (CCIP), which includes privacy protections.
Bitcoin and Dogecoin Dominate Community Discussions
Santiment listed Filecoin, Shiba Inu, Bitcoin, Goat Network, Dogecoin, XRP, PEPE, and Beam, among other cryptocurrencies. Bitcoin, in particular, has been the subject of much discussion as of late. This week, Bitcoin was at the centre of a number of social debates, including those surrounding the possible prohibition of BTC by the Indian government and the self-custody scandal involving Michael Saylor.
So far this week, Dogecoin has also caught the eye of ordinary investors. With talk of ETFs and DOGE whale accumulations, the coin is likely to be the catalyst for a new bull rise.
Speculation Could Drive Short-Term Gains
Speculative market activity, according to Santiment, might cause the currencies' prices to spike in the near future, even though they are now trading at lower levels.
Bitcoin Still the Benchmark for Cryptocurrencies
Remember that Bitcoin is still the industry standard when it comes to measuring cryptocurrencies. Based on occurrences like as the spot Bitcoin ETF movement, some analysts are projecting that the All-Time High (ATH) could be surpassed by the year's conclusion.
Analysts Predict Bold Bitcoin Price Peaks
Specifically, Bernstein analysts projected that the coin's value would peak at $220,000. If Bitcoin follows Gold's bullish path, another audacious price prediction has it surging to $230,000. There are no assurances in the market, but public opinion and anticipation might soon propel the highlighted coins to new heights.
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