Interest in some digital assets continues to rise these days. According to the latest reports, a handful of crypto assets are witnessing a surge in social media interest despite the market’s price struggles this week, according to the analytics firm Santiment.
ADA, XRP, MATIC, ETH activity
Santiment notes Ethereum (ETH), XRP, Cardano (ADA), Shiba Inu (SHIB), and Polygon (MATIC) have been discussed more online in the past week, while most other crypto assets have been talked about less.
The analytics firm also says that the social trends are revealing the fact that there is disagreement among members of the crypto community about whether to buy the current price dip.
“The ‘buythedip’ birds are chirping after prices have faded. Last week, just before the CPI [consumer price index] report crash, traders were bragging that they had bought the dip. Now there is legitimate polarization on whether to do it again. What a difference a week makes.”
Regarding the fact that the whale activity is present still, Santiment noted that large addresses are piling up on the decentralized lending and borrowing platform Aave (AAVE).
“Aave key whale addresses holding between 1,000 and 1 million AAVE in their wallets are up to 54.5% held. This is the highest amount held by these addresses of all-time. Still a relatively young asset, the key will be seeing this line improve even when founder and top exchange addresses (holding 10 million or more AAVE) finally stop circulating their coins out for active traders and circulation purposes.”
BTC forecast is revealed
A popular analyst and trader predicted a final capitulation phase for Bitcoin (BTC) before Bitcoin could realistically bottom out.
In a new video, crypto strategist Jason Pizzino said that Bitcoin has failed to follow through on a classic bottom pattern. He said that BTC now looks poised to print a new bear market low.