Santiment, a renowned crypto data feed tool, shows that people are showing huge attraction on numerous social media sites about cryptocurrency. Furthermore, Bitcoin and Ethereum are gaining, while the rest of the market is still losing ground.
Huge attraction due to “pump”: Santiment
A tweet from Santiment shows that the word “pump” is gaining huge attraction on several social media platforms including Reddit, Discord, Twitter, and Telegram. Although the Santiment analytics team feels that FOMO (fear of missing out) is not a major worry, they have yet to detect any signs of euphoria.
🐂 #Crypto appears to be gaining some #bullish voices again, as the word #pump hit its highest level of dominance among public #Discord, #Twitter, #Telegram, and #Reddit channels. This #FOMO is a mild concern, but no major euphoric signals as of yet. 👍 https://t.co/m6QAvj3T5J pic.twitter.com/mypFv3k6Uo
— Santiment (@santimentfeed) April 21, 2022
Santiment show ETH is in profit surge
Santiment has found that the price has gone from green to completely red. About 3.05x ETH transactions are profitable compared to those that are losing money.
If the current profit-taking ratio holds, it will be the largest since October 20, 2015, when ETH traded at $4,054. At the time of publication, ETH was showing a little price dip from $3,160 to $3,102, but it has now gone green, up 0.08 %. Only BTC, Terra, and Cardano are in the 10 best green cryptos, apart from ETH.
After reaching a low of $40,961 on April 20, the worldwide flagship cryptocurrency is now trading at $41,994, which is 2.47% up.
