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SantimentFeed

@SantimentFeed

The world's most powerful on-chain, social, whale, & development analysis for 2,500+ crypto assets. Visit app.santiment.net to see what other in crypto can't!

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🧑‍💻 Here are crypto's top DeFi-related coins by notable development activity in the past 30 days. This list is compiled by counting any non-redundant github activity of each project. dYdX is the new leader, with an estimated 225 notable development activity events per day:

1) @dydx $DYDX
2) @synthetix_io $SNX
3) @osmosiszone $OSMO
4) @lidofinance $LDO
5) @fox_defi $FOX
6) @jupiterexchange $JUP
7) @injective $INJ
8) @uniswap $UNI
9) @centrifuge $CFG
10) @sora_xor $VAL

Check out our DeFi watchlist here to track development activity fluctuations, and see which are flashing on-chain or social bullish sign: https://t.co/hH6dokTgo9

Read our latest writeup on the @santimentfeed methodology for pulling github activity data from project repositories, and why it is so useful for crypto trading:

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📺 Our latest video goes through all of the ins and outs of Santiment's newest entry in the SocialFi space, known as @Sanr_App. See a first-hand experience of how @Web3Matters and others earn prizes for market predictions and learn from pro traders' calls: https://youtu.be/xYeFQ2wXZXo

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🗣️ As the weekend approaches and crypto sees a slight rebound, the top trending coins among social platforms are:

💰Tether: Increased usage and adoption across Binance, Bitget, ByBit, and KuCoin
🪨Toncoin: Price surge above $8 and upcoming launch of TapSwap on the TON blockchain

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🐳 The top 100 Ethereum wallets on exchanges recently fell below its May, 2018 all-time low, now at 8.41M total $ETH. This is a sign of increasing distribution over time.

Meanwhile, the top 100 non-exchange wallets tell the opposite story, holding an all-time high 68.39M $ETH.

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😨 The crowd is showing fear after Bitcoin has fallen to $65K, its lowest market value since May 16th. Spikes in mentions of #selling or #takingprofit are common after a drop, and a temporary bounce and buy opportunity may form if we see continued FUD & panic from small traders.

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Staying Ahead of the Crowd's Crypto CURVE (TWIC June 14th)

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The worst top signals never come at the top, when everyone is happy. They come a bit later, when uPNL is gone, and you're sweating and praying for an exit. And they come with great news ahead, so why wouldn't we grow going forward, right?
Those are the things that kill traders.

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🤑 Bitcoin's second stop below $67K Thursday resulted in the 2nd largest spike in crowd $BTC buying interest in the past 2 months. FOMO and greed comes in two ways:

1) Price erupts and traders want to jump in with hopes of prices continue climbing (as we saw on May 20th)

2) Price drops, traders don't believe dip was warranted, and buy in hopes of a quick recovery (as we saw on June 13th)

Were you in either of these camps around these times? Are you taking profit in fear of prices going down further? Or perhaps, you're just sitting patiently with your bags?

Let us know in the replies! 👇

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🐳 The top 10 exchange wallets on the #ShibaInu, #Chainlink, and #Ethereum networks, respectively. Since May 27th, their holdings have shrunk by:

📉 $SHIB: -2.4%
📉 $LINK: -2.9%
📉 $ETH: -8.6%

Decreasing exchange supplies should be considered a good sign for bullish traders. 👍

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🧵 $CRV is trending due to significant liquidations incurred by the altcoin's founder, Michael Egorov. News broke of him borrowing stablecoins collateralized by CRV tokens, leading to his own wallets' liquidations, and wallets of others. Here's a breakdown of metrics to watch:

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🧵 $CRV is trending due to significant liquidation risk faced by the altcoin's founder, Michael Egorov. News broke of him borrowing stablecoins collateralized by CRV tokens, which led to a major drop in value and many liquidations. Here's a breakdown thread of metrics to watch:

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🧑‍💻 Here are crypto's top NFT-related coins by notable development activity in the past 30 days. This list is compiled by counting any non-redundant github activity of each project. Flow has overtaken Decentraland for the #1 spot after the projects were flipped in last month's update:

📈1) @flow_blockchain $FLOW 🥇
📉2) @decentraland $MANA 🥈
➡️3) @metaplex $MPLX 🥉
📈4) @axieinfinity $AXS
📉5) @enjin $ENJ
📉6) @thesandboxgame $SAND
📉7) @aavegotchi $GHST
📈8) @bounce_finance #AUCTION
📈9) @starkpunkcoin $PUNK
📈10) @nftx_ $MASK

Check out our NFT watchlist here to track development activity fluctuations, and see which are flashing on-chain or social bullish signals: https://t.co/3DKuk4h9tD

Read our latest writeup on the @santimentfeed methodology for pulling github activity data from project repositories, and why it is so useful for #crypto trading:

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🧑‍💻 Here are crypto's top NFT-related coins by notable development activity in the past 30 days. This list is compiled by counting any non-redundant github activity of each project. Flow has overtaken Decentraland for the #1 spot after the projects were flipped in last month's update:

1 @flow_blockchain $FLOW
2 @decentraland $MANA
3 @metaplex $MPLX
4 @axieinfinity $AXS
5 @enjin $ENJ
6 @thesandboxgame $SAND
7 @aavegotchi $GHST
8 @bounce_finance #AUCTION
9 @starkpunkcoin $PUNK
10 @nftx_ $MASK

Check out our NFT watchlist here to track development activity fluctuations, and see which are flashing on-chain or social bullish signals: https://t.co/3DKuk4h9tD

Read our latest writeup on the @santimentfeed methodology for pulling github activity data from project repositories, and why it is so useful for #crypto trading:

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😎 Bitcoin's supply on exchanges has now dropped to its lowest level since December, 2021 (~942K coins). Meanwhile, Ethereum and Tether are moving back on. Historically, there is less drop-off risk for all of crypto while $BTC's available supply to be sold is limited.

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🗣️ Crypto's top trending coins. Remember - the opposite direction of the crowd's expectation is most likely:

🪙 $BTC: Trump interest in increased Bitcoin mining
🪙 $MIN: Concerns of transparency and credibility
🪙 $XCN: Launch of core chain validator & use of Klay chain for gas

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🧑‍💼🇺🇸 The May 2024 Consumer Price Index (CPI) report is scheduled to be released tomorrow (June 12th) at 12:30pm UTC (11 hours from now). Current experts expect a 3.4% YoY or 0.3% MoM increase...

🐂 If lower, it's a signal that inflation is slowing, increasing the likelihood of crypto rising.

🐻 If higher, it's a signal that inflation is still a concern, increasing the likelihood of crypto dropping.

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📊 Bitcoin ETF volume has jumped to its highest level since May 15th, according to data from the top 7 largest ETF's. When these volume spikes occur, there is more of a chance of prices making a turnaround. This latest spike was likely a dip buy reaction. Do you expect a bounce?

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📊 DeFi liquidations are still notably absent. Historically, when Aave and Compound liquidations spike like we see on these charts, it is followed immediately by market rebounds due to the immediate forced selling followed by opportunistic buying from key stakeholders. Bullish traders await these liquidations as a sign that $BTC can quickly rebound back to $70K and $ETH back to $4K, respectively.

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📉🫢 Bitcoin's dip below $67K has ramped up the amount of buy calls (in blue) on social media. Historically, when the amount of sell calls (in red) is closing the gap on buy calls, that is when the panic and FUD is setting in, and most commonly leads to crypto bounces.

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⚡️ Litecoin has averaged ~704K unique addresses interacting on the network over the past week after averaging ~345K addresses throughout May. The network more than doubling in active addresses, along with its RSI well into an opportunity zone, may be foreshadowing an $LTC bounce.