{"id":120329,"date":"2021-04-08T05:11:32","date_gmt":"2021-04-08T05:11:32","guid":{"rendered":"https:\/\/precoinnews.com\/?p=120329"},"modified":"2021-04-08T05:11:32","modified_gmt":"2021-04-08T05:11:32","slug":"analytics-firm-santiment-seeing-very-bullish-activity-around-these-5-altcoins","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/altcoins\/analytics-firm-santiment-seeing-very-bullish-activity-around-these-5-altcoins\/","title":{"rendered":"Analytics Firm Santiment Seeing \u2018Very Bullish\u2019 Activity Around These 5 Altcoins"},"content":{"rendered":"<p>In a recent report, crypto analytics firm Santiment explains why they are very bullish on five cryptoassets. <\/p>\n<p>In a post published to Santiment\u2019s \u201cInsights\u201d blog on April 5, the analytics firm referred to a pair of tweets from April 3 that talked about three bullish indicators they regularly see before a cryptoasset sets a new all-time high:<\/p>\n<ul>\n<li>\u201crising daily new addresses created\u201d<\/li>\n<li>\u201crising address activity\u201d<\/li>\n<li>\u201cdeclining exchange deposits\u201d<\/li>\n<\/ul>\n<p>They then went on to say:<\/p>\n<p>\u201c<em>When active addresses move up over time for a crypto asset, while active deposits move down, it\u2019s a reliable indication of a token seeing growing utility without funds moving to exchanges for potential sell-offs. In other words, this is a very bullish pattern our pro traders look for often.<\/em>\u201c<\/p>\n<p>Santiment says that its new\u00a0Daily Active Deposits &#038; Non-Deposit Activity Sansheets Model\u00a0\u201ceasily identifies which assets are developing patterns similar to Ethereum\u2019s.\u201d<\/p>\n<p>According to this model, the following cryptoassets could soon be setting new all-time highs: Skale ($SKL), Enjin Coin ($ENJ), Decentraland ($MANA), and Polygon ($MATIC), and Sentivate ($SNTVT).<\/p>\n<p><em><em><em>The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.<\/em><\/em><\/em><\/p>\n<p>Source: <a href=\"https:\/\/www.cryptoglobe.com\/latest\/2021\/04\/analytics-firm-santiment-seeing-very-bullish-activity-around-these-5-altcoins\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a recent report, crypto analytics firm<\/p>\n","protected":false},"author":3,"featured_media":120328,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Analytics Firm Santiment Seeing \u2018Very Bullish\u2019 Activity Around These 5 Altcoins - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/altcoins\/analytics-firm-santiment-seeing-very-bullish-activity-around-these-5-altcoins\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Analytics Firm Santiment Seeing \u2018Very Bullish\u2019 Activity Around These 5 Altcoins - 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