There is a higher probability of recovery for these cryptocurrency tokens: Cryptocurrency, Blockchain, Ethereum, XRP, Solana
In light of the current price decline, crypto traders are feeling particularly pessimistic about Chainlink, Ethereum, Bitcoin, Solana, and XRP.
In the past, assets that had the most pessimistic opinions from the general public often ended up doing better in the end.
Santiment's on-chain analysis indicates that 20 crypto assets are likely to see a comeback.
In order to determine which assets are most likely to see a comeback, the crypto intelligence tracker Santiment monitors the narrative among traders. In most cases, the assets that cryptocurrency traders are pessimistic about really have the highest potential for a turnaround.
Among the top five assets that crypto traders found to have the most unfavorable attitude, we find Chainlink (LINK), Ethereum (ETH), Bitcoin (BTC), Solana (SOL), and XRP.
After the downturn, these five assets may make a comeback.
To determine which assets were most negatively and positively impacted by the crypto slump, analysts at Santiment use weighted sentiment, a measure that takes into account an asset's social volume across various platforms and then multiplies it by the ratio of positive to negative comments.
According to on-chain statistics, about half of the cryptocurrency assets with a market worth more than $1 billion are more pessimistic than usual. A tweet on X was made by analysts listing the twenty cryptocurrencies that had the greatest unfavorable sentiment.
The five most hated cryptocurrencies right now are:
Chainlink
Ethereum
Bitcoin
Solana
XRP
LINK is trading at $10.62 on Thursday, up less than 1% from when the article was written. The day saw a 1.22% increase for ETH, a 0.80% increase for BTC, and a 0.33% increase for SOL. Now trading at $0.5272, XRP has gained roughly 0.50%.
