😺📈 Shiba Inu has surged +43% in the past 9 days with on-chain activity notably surging compared to altcoin alternatives and other meme coins. In addition to volume, circulation, and whale transactions spiking to 10-week highs, social dominance is up as well. This indicates that FOMO toward SHIB is significant right now, and the likelihood of a local top is increased.

In order for the #13 ranked market cap to surpass its $0.000043 year-high made back in February, traders should wait for the high bullish narratives to calm down slightly.

🤔 Is Bitcoin reaching a $70K market value by the end of the month?

Current price: $65,240

🐳📈 Bitcoin has officially reached a $65K market value for the first time since August 1st. Continued whale and shark accumulation has undeniably been a factor, preventing BTC from seeing sustained drops. $4.08B in BTC has been accumulated by 10+ BTC wallets in 6 months.

📺 Are crypto markets able to make higher highs despite the shrinking level of retail money? We discuss the role of institutional buyers, predicting upcoming prices with stablecoin patterns, and plenty more in our latest video! 👇
https://www.youtube.com/watch?v=_PWOdOO2C0Y

🔗📊 Chainlink's recent price breakout has come on the backs of whales accumulating over 8.5M LINK in the past 6 weeks. Our featured article breaks down the enthusiastic community, spikes in on-chain activity, & more for the #14 ranked cryptocurrency! 👇
https://insights.santiment.net/read/link-on-the-brink-8139?utm_source=twitter&utm_medium=post&utm_campaign=twitter_link_on_the_brink_insight_b_092524/&fpr=twitter

📈 The top networks in crypto by network growth over the past 30 days include:

1) Polygon Ecosystem $POL (+1,019% More New Addresses) 🥇
2) WETH (On Polygon) $WETH (+263%) 🥈
3) LayerZero (On Optimism) $ZRO (+254%) 🥉
4) LayerZero (On Arbitrum) $ZRO (+219%)
5) USD Coin (On Polygon) $USDC (+171%)
6) PancakeSwap $CAKE (+150%)
7) Frax (On Polygon) $FRAX (+129%)
8) USD Coin (On Arbitrum) $USDC (+125%)
9) Tether (On Arbitrum) $USDT (+119%)
10) USD Coin (On BNB) $USDC (+102%)

Historically, you can use rising network growth as a metric to find projects seeing the most rising utility. Utility rises historically dramatically increase the likelihood of a project's long-term market cap rise.

🐳 Since the market value of @rendernetwork bottomed out one week ago, the AI and DeFi token has ascended +33%. Wallets with at least 100K RENDER, classified as sharks & whales, have accumulated 20.54M more coins (worth $126.3M) in 11 weeks and own 91.82% of the supply.

📺 Compared to just 3 weeks ago, cryptocurrencies have made a serious turn for the better. Our latest video with @GenfinityIO discusses the sentiment pivot, and why whale accumulation & other factors make markets suddenly look a lot more intriguing. 👇
https://www.youtube.com/watch?v=tir1xae0oAA

🧑‍💻 Here are crypto's top overall coins by notable development activity the past 30 days. Directional indicators represent each project's ranking rise or fall since last month:

➡️ 1) @dfinity $ICP 🥇
📈 2) @chainlink $LINK 🥈
📉 3) @hedera $HBAR 🥉
📈 4) @optimism $OP
📉 5) @cardano $ADA
➡️ 6) @cosmos $ATOM
📈 7) @zksync $ZK
📈 8) @avax $AVAX
➡️ 9) @polkadot $DOT
➡️ 10) @kusamanetwork $KSM

Read about the Santiment methodology for pulling github activity data from project repositories, and why it is so useful for crypto trading:

🗣️ Altcoins continue to spike as on-chain & social metrics foreshadow price swings throughout various blockchains. The top 3 assets seeing the highest increase in discussion rates Monday are:

🪙 Bittensor (TAO): +127% price surge sparks further bullish calls by crowd
🪙Hamster (HAM): Frustration over bans related to cheating and perceived unfairness in the distribution of airdrop tokens.
🪙Near (NEAR): Excitement surrounding the NEAR community and its activities, including the OLYMPIAD Campaign

🤑 Aave has been one of the best performing cryptocurrencies over the past day, week, month, and quarter. What's behind the continued climb? Our latest insight dives into aspects that have benefited the #37 market cap and lending/borrowing DeFi asset. 👇
https://insights.santiment.net/read/aave-and-its-awesome-ascension-8131?utm_source=twitter&utm_medium=post&utm_campaign=twitter_aave_awesome_ascension_insight_b_092324/&fpr=twitter

🗣️ Ethereum's market value has rebounded as high as $2,700 as crypto continues to extend its rally. There is renewed interest toward the #2 market cap asset on social media, and margin/leverage exchange ETH wallets have spiked as well. Both are enjoying 7-week highs. 📈

📺 Crypto prices finally enjoyed a big splash week after markets were beginning to look quite dicey. How does Bitcoin's and the many surging altcoins' upcoming weeks look? Enjoy our video market update! 👇
https://www.youtube.com/watch?v=9KOE-i8QdwY

🥳 With a very bullish week of crypto transitioning into weekend mode, @santimentfeed has picked up a very bullish crowd sentiment spike. Understandably, the crowd has reason to be optimistic about Bitcoin & others continuing to rise after the Fed's first rate cuts in 4.5 years.

But take more caution than usual while we see social media creating such a highly unanimous optimistic (vs. pessimistic) narrative. Cryptocurrency markets nearly always move the opposite direction of the mainstream crowd's expectations.

🧑‍💻 Here are crypto's top ERC-20 coins by development activity. Directional indicators represent each project's ranking positioning since last month:

➡️ 1) @chainlink $LINK 🥇
📈 2) @ethereum $ETH 🥈
📈 3) @synthetix_io $SNX 🥉
➡️ 4) #susd $SUSD
📉 5) @ethstatus $SNT
➡️ 6) @dYdX $DYDX
➡️ 7) @decentraland $MANA
📉8) @safe $SAFE
📈9) @axelarnetwork $AXL
📈10) @lidofinance $stETH

Read about the Santiment methodology for filtering notable github activity data from project repositories, and why it is so useful for crypto trading:

📺 How did the Fed's rate cuts help trigger this rally for crypto and help return Bitcoin to a 3-week high? We chat with @ThinkingCrypto1 to figure out how likely the bull party can continue! 👇
https://www.youtube.com/watch?v=d3bZsojRH44

🐳 Fantom, Immutable X, and Basic Attention Token all have had major spikes in whale activity over the past day and a half following the Fed's interest rate cuts.

This suggests that these altcoins can thrive, with the assumption Bitcoin and crypto markets continue their growth.

📊 With so many crypto market caps surging in the past 24 hours, it is Bitcoin, Solana, and Mew that are standing out.

🗣️ BTC focus is primarily about surpassing a new 25-day high
🗣️ SOL focus is due to the recent launch of the Solana Seeker smartphone, already selling 140K units
🗣️ MEW focus is about its listing on Upbit and recent airdrop events traders have been excited about

📈 Crypto has surged over the past 24 hours with traders increasingly becoming optimistic that markets can thrive under the Fed's new rate cuts.

Watch for positive vs. negative sentiment on social media to see how bullish the crowd gets. Markets can roll until we see a bullish sentiment spike similar to what we saw during the April 19th and May 21st tops.

📈 Cryptocurrencies are on an impressive upswing following a groundbreaking US Fed decision to cut interest rates for the first time since March 15th, 2020.

The social expectations from the crowd will have a dramatic impact on where we go from here. With Bitcoin reaching as high as $62.2K today, watch as different price levels are speculated across social media. When we see:

🔵 $50K-$59K mention spikes: Crowd getting fearful, a bottom is more likely
🔴 $60K-$69K mention spikes: Crowd is neutral, ranging and unpredictability is more likely
🟡 $70K-$79K mention spikes: Crowd getting greedy, a top is more likely

We will see some short-term celebrating over BTC's cross back above $60K, but once prices go flat, the trend from the crowd will dictate which direction crypto's top asset (and altcoins) will go next. 👍