These crypto tokens have the best chance of recovery: XRP, Solana, Ethereum, Bitcoin, Chainlink

Source Fxstreet
  • Crypto trader sentiment is most negative on Chainlink, Ethereum, Bitcoin, Solana, and XRP during the recent price slump. 
  • Assets with the most bearish crowd narratives historically have the best chance of recovery. 
  • On-chain data from Santiment marks 20 crypto assets where recovery is likely. 

Crypto intelligence tracker Santiment tracks the narrative among traders to identify which assets have the best chance of recovery. Typically, the assets that crypto traders have the most negative sentiment towards, have the best chance of recovery. 

Chainlink (LINK), Ethereum (ETH), Bitcoin (BTC), Solana (SOL), and XRP rank among the top five assets that noted the most negative sentiment among crypto traders. 

These five assets could recover from the correction

Analysts at Santiment use weighted sentiment, a metric that combines the social volume of an asset (across X, Reddit, Telegram, 4Chan, and Bitcointalk) and multiplies by the ratio of positive vs. negative comments toward that asset to identify most negative and positive assets after the crypto slump.

Nearly 52% of crypto assets with a market capitalization above $1 billion have a more negative sentiment than their average rates, per on-chain data. Analysts listed 20 cryptocurrencies with the most negative sentiment in a tweet on X.

Top five cryptocurrencies with the most negative sentiment are:

  • Chainlink
  • Ethereum
  • Bitcoin
  • Solana
  • XRP

LINK gains less than 1% on Thursday and trades at $10.62 at the time of writing. ETH, BTC, and SOL gain 1.22%, 0.80%, and 0.33%, respectively, on the day. XRP gains nearly 0.50% and trades at $0.5272. 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
US August PPI Preview: Producer Inflation May Reaccelerate, How Will US Stocks, Dollar, and Gold React?The U.S. Bureau of Labor Statistics will release the August Producer Price Index (PPI) at 8:30 a.m. ET on September 10. Against the backdrop of U.S. August non-farm payrolls significantly
Author  TradingKey
9 hours ago
The U.S. Bureau of Labor Statistics will release the August Producer Price Index (PPI) at 8:30 a.m. ET on September 10. Against the backdrop of U.S. August non-farm payrolls significantly
placeholder
Brent Crude Surpasses $100 Mark as Escalating Middle East Conflict Sparks Market ConcernsOn September 9, Brent crude futures broke above $100 per barrel intraday, crossing this threshold for the first time since July 24. As the military conflict between the US and Iran contin
Author  TradingKey
10 hours ago
On September 9, Brent crude futures broke above $100 per barrel intraday, crossing this threshold for the first time since July 24. As the military conflict between the US and Iran contin
placeholder
US dollar clings to nine-week lows near 98.4 as Brent nears $100 and the yen hits a seven-month high — five events to watch todayThe dollar is pinned near nine-week lows even after a blockbuster jobs report, as an oil spike toward $100, a surging yen and China's reflation data crowd the driver's seat. Five key events to watch today: Brent at $99.46, USD/JPY at 154, China CPI/PPI, PBOC gold buying, and Thursday's PPI / Friday's CPI ahead of the September 15-16 FOMC.
Author  Eric Nkando
11 hours ago
The dollar is pinned near nine-week lows even after a blockbuster jobs report, as an oil spike toward $100, a surging yen and China's reflation data crowd the driver's seat. Five key events to watch today: Brent at $99.46, USD/JPY at 154, China CPI/PPI, PBOC gold buying, and Thursday's PPI / Friday's CPI ahead of the September 15-16 FOMC.
placeholder
Today’s Market Recap: Oil Nears $100, US Stocks Fall, AI Chip Stocks Buck Trend as Intel Surges Over 9%Tracking Market TrendsTradingKey - On September 8 Eastern Time, the three major U.S. stock indices closed lower across the board, with the Dow falling by more than 1%. Further escalation in the Middle
Author  TradingKey
17 hours ago
Tracking Market TrendsTradingKey - On September 8 Eastern Time, the three major U.S. stock indices closed lower across the board, with the Dow falling by more than 1%. Further escalation in the Middle
placeholder
Gold slumps to near $4,350 amid oil-driven inflation fears, US inflation data in focusGold price (XAU/USD) falls to near $4,350 during the early Asian session on Wednesday. The precious metal faces some selling pressure as rising oil prices fueled inflation ‌concerns and boosted expectations for a rate hike by the Federal Reserve (Fed) in September.
Author  FXStreet
17 hours ago
Gold price (XAU/USD) falls to near $4,350 during the early Asian session on Wednesday. The precious metal faces some selling pressure as rising oil prices fueled inflation ‌concerns and boosted expectations for a rate hike by the Federal Reserve (Fed) in September.
goTop
quote