People are now more excited about cryptocurrencies on major social media platforms including Twitter, Reddit, etc.
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- “Crypto Is Getting Some Loud Sounds Again”
- Ethereum transactions in profit increase
The popular sentiment data vendor has tweeted that users of various social media platforms are showing enthusiasm about crypto. Meanwhile, Bitcoin and Ethereum are recovering while the rest of the market remains in the red.
“Crypto Is Getting Some Loud Sounds Again”
According to a tweet by Sentiment, the word “pump” currently dominates public channels across various social media platforms like Reddit, Discord, Twitter and Telegram. The Sentiment Analytics team believes that this FOMO (“fear of missing out”) is not a major concern; However, they may not see any sign of enthusiasm as of now.
I #crypto seems to achieve something #bullish voice again, as in words #pump struck his highest level of dominance among the masses #discord, #Twitter, #wireAnd #reddit Channel. it #FOMO There is a mild concern, but no major encouraging signs yet. https://t.co/m6QAvj3T5J pic.twitter.com/mypFv3k6Uo
— sentiment (@santimentfeed) 21 April 2022
Ethereum transactions in profit increase
As the market has turned from green to mostly red, sentiment has observed that at this point in time, around 3.05x ETH transactions are in profit compared to those being in loss.
If this ratio remains at this level, it will be the highest gain since October 20 – half a year ago – when Ethereum was trading at $4,054. As of press time, ETH is exhibiting a slight decline in price from the $3,160 area to $3,102, but it has turned green, now moving up 0.08%. Apart from ETH, the other top 10 cryptos in the green are only BTC, Terra and Cardano.
After touching $40,961 on April 20, the global leading cryptocurrency has recovered 2.47% today, trading at $41,994 at press time.