Dogecoin, Shiba Inu, XRP Flagged By Analytics Firm As Buying Opportunities Amid 2024 Sentiment Low
Portfolio Pulse from Aniket Verma
The cryptocurrency market saw significant declines for Dogecoin (DOGE), Shiba Inu (SHIB), and XRP, with DOGE and SHIB experiencing the most substantial drops. Despite the negative sentiment, analytics firm Santiment suggests this could be a buying opportunity for patient traders. Long-term holders have not shown significant changes in their positions.
June 18, 2024 | 3:02 am
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Dogecoin (DOGE) saw a 13.22% decline, making it 46% lower than its 2024 highs. Despite the drop, Santiment suggests this could be a buying opportunity for patient traders.
DOGE's significant price drop and low crowd sentiment suggest a potential buying opportunity as per Santiment's analysis. Long-term holders have not shown significant changes, indicating stability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Shiba Inu (SHIB) experienced a 14.93% decline, halving its price since its yearly peak. Santiment indicates this could be a buying opportunity for patient traders.
SHIB's significant price drop and low crowd sentiment suggest a potential buying opportunity as per Santiment's analysis. Long-term holders have not shown significant changes, indicating stability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
XRP saw a 0.77% decline. Despite the drop, Santiment suggests this could be a buying opportunity for patient traders.
XRP's minor price drop and low crowd sentiment suggest a potential buying opportunity as per Santiment's analysis. Long-term holders have not shown significant changes, indicating stability.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100