According to crypto analytics firm Santiment, investors are currently feeling positive about altcoin project Cardano (ADA), despite a tough six-month bearish trend. Santiment also says that THORChain (RUNE) recently hit a one-year high in terms of trading volume.
According to analytics firm, these altcoin projects have a bullish signal!
In a new tweet, Santiment notes that crowd sentiment for Cardano (ADA) has soared to its most positive levels since mid-November, when its Ethereum (ETH) rival was trading around $2.00. Santiment states in his post:
Cardano saw a modest +6% price increase on the day on April 21 and traders are expecting the 9th-ranked asset to explode.
Source: Santiment / Twitter Cardano (ADA) is trading at $0.8983 at the time of writing. The 9th-ranked crypto asset by market cap has seen a 4.63% drop over the past seven days.
Santiment also notes that the overall crypto market has rebounded this week in terms of trading volume after a “particularly sluggish” weekend, commenting:
On a nice recovery day for crypto, prices are rapidly hitting pre-Thursday lows. Trading volume has increased significantly, especially after a sluggish weekend. Congratulations to those who were brave enough to buy the dive last weekend.
Source: Santiment / Twitter Crypto analytics firm has recently announced that RUNE, the native token of the decentralized cross-chain liquidity protocol THORChain, in terms of certain altcoin projects
Thorchain’s transaction volume was increasing in line with its last rally and reached a one-year high. Negative emotions were also present after the subsequent 2 weeks of RUNE correction, a sign of surrender.
Source: Santiment / Twitter The increased volume paralleled a price rally. As we have mentioned in the news of Kriptokoin.com, RUNE was around $3.50 at the end of February, and rose above $12.50 at the end of March. However, the 50th-ranked crypto asset by market cap has since corrected and is trading at $8.36 at the time of writing. In addition, volume has also dropped, according to a chart shared by Santiment.
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