Santiment recently shared in a post that INJ, SNT, ANKR, SLP, and SUSHI have shown positive upticks in their on-chain metrics. However, as of the latest update from CoinMarketCap, all of these cryptocurrencies have experienced significant losses in the past 24 hours.
Notably, SNT saw the most substantial decline during the previous day’s trading, with its price plummeting by over 12% to reach $0.05064.
Santiment, a cryptocurrency behavior analytics platform, disclosed today that several cryptocurrencies have witnessed notable increases in essential on-chain metrics traditionally linked with bullish trends. In their report, Santiment highlighted that Injective (INJ), Status (SNT), SushiSwap (SUSHI), Ankr (ANKR), and Smooth Love Potion (SLP) have all exhibited these positive surges in activity.
🐂 Based on the most recent day's #onchain activity, assets seeing the most spikes among key alpha metrics historically associated with #bullishness are $INJ, $SNT, $SUSHI, $ANKR, and $SLP. Read all about our new model and try it for free with a 1-week trial to Sanbase PRO. 👇 https://t.co/q7w0LMF8hq pic.twitter.com/rF5IOQVmgC
— Santiment (@santimentfeed) November 2, 2023
These surges in on-chain metrics follow a period of significant losses for all these cryptocurrencies in the past day of trading, as reported by CoinMarketCap. Notably, SNT bore the brunt of these losses, with its price plummeting by over 12% in the last 24 hours.
Daily chart for SNT/USDT (Source: TradingView)
In light of its recent price drop, SNT was trading at $0.05064 at the time of the report. Additionally, SNT saw a significant 54.50% decrease in its 24-hour trading volume, bringing the total volume to $197,255,757.
Among the cryptocurrencies mentioned in Santiment’s report, SLP experienced the second-largest 24-hour loss, declining by 7.84% at the time of the report, with its price standing at $0.002376. Meanwhile, SUSHI recorded a 5.10% price decrease over the past 24 hours, trading at $1.10.
INJ and ANKR also suffered losses exceeding 3% in the 24-hour trading period. INJ was priced at $14.15, while ANKR’s price stood at $0.0228 at the time of the report.
The recent decline in these cryptocurrencies’ prices coincided with an overall decrease in the market’s valuation over the same period. According to CoinMarketCap, the global market cap had fallen by 1.87% in the past 24 hours, resulting in an estimated cryptocurrency sector market cap of approximately $1.28 trillion.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
Join Cryptos Headlines Community
Follow Cryptos Headlines on Google News
