Cryptocurrency analysis company Santiment shared its predictions following the price increases in two altcoins in a post published on its official account.
According to Santiment analysts, both Solana ($SOL) and Avalanche ($AVAX) have made good jumps recently.
However, analysts claim that only one of these two altcoins can continue its current rally.
According to Santiment, $SOL's rally has seen traders buying on FOMO, making it less likely that the rally will continue. On the other hand, $AVAX's rally has been largely ignored by the community, so there may be a high probability that this rally will continue.
Santiment measured the amount of FOMO in these comments by looking at the social volumes of these altcoins. According to the data, $AVAX's social volume remained lower than $SOL despite the increase.
While $AVAX experienced an impressive rally of 6% in the last 24 hours, this rate was measured even higher in Solana and $SOL gained 8% in value in the last 24 hours. $SOL's weekly return is observed to be more than 10% at the time of writing this article.
*This is not investment advice.
ambcrypto.com
u.today
newsbtc.com