Bitcoin, Ethereum, Solana, XRP, BNB, DOGE, AVAX, SHIB, TON and ADA Analysis! Which one is Bear and which one is Taurus?

Bitcoin ve in altcoins While continuing its ups and downs Saintlyannounced bearish bullish sentiment on the top 10 cryptocurrencies.

Santiment explained whether the general market trend in the cryptocurrencies he examined is bearish or bullish.

At this point, Santiment stated that the ratio of positive and negative comments on social media shows what trend there is.

Accordingly, if the positive/negative comment ratio is 1, it is interpreted as neutral sentiment (neither bullish nor bearish expectations), while higher rates are interpreted as the price of the relevant cryptocurrency may peak.

Santiment in bear/bullish analysis Bitcoin (BTC), Etheruem (ETH), BNB, Solana (SOL), XRP, Dogecoin (DOGE), Cardano (ADA), Toncoin (TON), Shiba Inu (SHIB) and Avalanche (AVAX) examined.

1.Bitcoin (BTC):

bear/bull ratio Bitcoin Stating that it is 1.59 for 1.59, Santiment said that this rate is currently on the rise.

According to Santiment, who stated that this rate saw a large increase in mid-May and that there was a correction after this increase, this increase in May marked a peak for BTC and crypto markets.

2.Etheruem (ETH):

Santiment, bear bull ratio Ethereum He stated that it was 2.16 for . Pointing out that investors’ optimism about the ETH price increased after the SEC’s ETF approval, Santiment said that this high rate could be a warning and correction signal for the price.

3.BNB:

Santiment, bear bull ratio BNB He stated that it was 2.94 for . Explaining that only one in every 4 comments about BNB is negative and the other 3 comments are positive, Santimnet said that despite these positive comments, BNB does not attract attention among investors.

According to Santiment, these positive comments from investors were a reflection of how Binance viewed rather than BNB interest.

4.Sunshine (SUN):

Stating that the bear bull ratio is 3.03 for SOL, Santiment said that although Solana’s price performance has been a bit disappointing for investors recently, rally expectations in SOL are increasing.

“It looks like there are still tons of people who believe SOL will go on another run similar to its surprising rally in the third quarter of 2021.”

5.XRP:

bear bull ratio XRP Explaining that it is 1.62 for , Santiment said that XRP is one of the cryptocurrencies with the most disappointing performance in the last few months, right after Cardano.

Santiment stated that the bear-bull ratio indicates an increase for XRP. “The fact that the rate is showing a moderate upward trend is a sign that people are getting impatient for the rise.” said.

6.Dogecoin (DOGE):

For Dogecoin, this rate is 2.06.

Santiment said that DOGE is up and down as always. “Despite the positive comments about DOGE, there is no stability in the price. “Oftentimes sentiment towards DOGE may be a reflection of how investors perceive meme coins in general, rather than this specific asset.” said.

7.Cardano (ADA):

ADA Stating that the rate for is 3.42, Santiment said that Cardano, like XRP, could not exhibit the expected performance in 2024.

According to Santiment, more positive comments despite poor performance could be a sign of optimism and bullishness for ADA.

8.Toncoin (TON):

Stating that the bear bull ratio is 0.56 for TON, Santiment announced that Toncoin has become one of the favorites of 2024 by increasing its market value more than three times in the last 3 months alone.

Stating that, depending on the rate, investors may be starting to take profits, Santiment stated that investors may extend the rally a little longer in the shadow of FUD.

9. Shiba Inu (SHIB):

While this rate for SHIB is 2.09, SHIB has been witnessing positive sentiment for about 7 weeks.

Santiment noted that this was a bit odd, given that the SHIB price had not come close to any sustained recovery since the massive price peak at the beginning of March.

10.Avalanche (AVAX):

Finally, the bear bull ratio for AVAX is 2.22.

Santimnet stated that AVAX disappointed investors after unsuccessful rally attempts. “Since positive and negative comments more than doubled, it shows that investors are not expecting a rise in Avalanche price yet.” said.

*This is not investment advice.