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
WTI rally takes a timeout amid signs of US-Iran war de-escalationWest Texas Intermediate (WTI) Oil futures on NYMEX trade slightly lower to near $71.50 during the European trading session on Friday. The Oil price extends its correction after posting a fresh over two-week high at $75.73 on Wednesday.
Author  FXStreet
7 hours ago
West Texas Intermediate (WTI) Oil futures on NYMEX trade slightly lower to near $71.50 during the European trading session on Friday. The Oil price extends its correction after posting a fresh over two-week high at $75.73 on Wednesday.
placeholder
Gold recovers above $4,100 as traders assess US-Iran conflict Gold price (XAU/USD) rebounds to around $4,120 during the early Asian session on Friday. The precious metal edges higher as traders weigh a resumption of war in the Middle East.
Author  FXStreet
15 hours ago
Gold price (XAU/USD) rebounds to around $4,120 during the early Asian session on Friday. The precious metal edges higher as traders weigh a resumption of war in the Middle East.
placeholder
WTI consolidates below $72.00 as traders monitor geopolitical developmentsWest Texas Intermediate (WTI) – the benchmark US Crude Oil price – steadies during the Asian session on Friday, stalling the previous day's downfall amid mixed messaging from the US and Iran.
Author  FXStreet
15 hours ago
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – steadies during the Asian session on Friday, stalling the previous day's downfall amid mixed messaging from the US and Iran.
placeholder
WTI Crude Oil Price Forecast: US-Iran Conflict Reignites, Will a New Round of Oil Price Rises Begin? As of the Asian session on July 9, after WTI ( USOIL) crude oil prices rebounded sharply for two consecutive trading days, oil prices hovered and adjusted around $73.30 today. From the te
Author  TradingKey
Yesterday 08: 56
As of the Asian session on July 9, after WTI ( USOIL) crude oil prices rebounded sharply for two consecutive trading days, oil prices hovered and adjusted around $73.30 today. From the te
placeholder
British Pound strengthens to near 1.3400 as UK political risk fades The GBP/USD pair gathers strength near 1.3395 during the Asian trading hours on Thursday, bolstered by fading domestic political uncertainty.
Author  FXStreet
Yesterday 02: 03
The GBP/USD pair gathers strength near 1.3395 during the Asian trading hours on Thursday, bolstered by fading domestic political uncertainty.
goTop
quote