- Santiment Insights shows that the majority of crypto traders have struggled to trade in the market.
- Investors are bullish on UNI, GRT and HEX.
- Meanwhile, investors have a bearish outlook for SOL, BNB and TRX.
Santiment, a market intelligence platform, has published a report detailing the cryptos that most investors are bullish and bearish on. According to the report, most investors are bullish on UNI, GRT, and HEX. Meanwhile, most investors are bearish on SOL, BNB, and TRX.
Throughout the year, opinions on where prices will be heading next have been all over the place, depending on which #altcoin is the subject of focus. Our latest insight touches on the greed and fear happening toward $UNI, $SOL, $GRT, $BNB, $TRX, & $HEX. https://t.co/jFp4dkeKzR pic.twitter.com/gwCNPZSNW4— Santiment (@santimentfeed) October 6, 2022
A report on Santiment’s Insights page shows that the majority of crypto traders have struggled to gauge in what direction the broader crypto market will move in. In fact, even bears that said the entire market would fall have battled to time their positions correctly.
The report added
We’re in a spot now where several cryptocurrencies are seeing some rising optimism, while others are being ridden off as dead. Remember that from our backtesting over the years, the more positive the mainstream crowd is about an asset, the LESS likely it is to rise. And the more the crowd believes a coin is “done”, the MORE likely it is to rise.
According to the report, the crypto crowd is very bullish on Uniswap (UNI), The Graph (GRT), and Hex (HEX). Conversely, the crowd is relatively pessimistic when it comes to Solana (SOL), Binance Coin (BNB) and Tron (TRX).
Solana is not very highly regarded these days after its price fell from its all-time high (ATH) of $258.93 that it printed just a year ago. The negative sentiment surrounding SOL has fallen back to its lowest levels since late July of this year. This much FUD can be seen as a positive sign.
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