As August arrives, data from Santiment reveals that traders’ bullish sentiment towards major cryptocurrencies remains robust. Notably, several leading digital assets are experiencing heightened investor optimism and significant price movements.
Bitcoin (BTC)
Bitcoin (BTC) is witnessing the most bullish sentiment it has seen in 17 months.
Ripple (XRP)
Ripple (XRP) has seen its price surge by 29% over the past 30 days. This impressive performance is accompanied by the highest bullish sentiment in 14 months.
Solana (SOL)
Solana (SOL) continues to attract positive sentiment from traders, particularly after outperforming other altcoins in July.
Ethereum (ETH)
Ethereum (ETH) remains a favorite among traders, buoyed by optimism following the recent announcement of an ETF two weeks ago.
Binance Coin (BNB)
In contrast, Binance Coin (BNB), the native token of the Binance exchange, is currently receiving less attention from investors.
Santiment analysts highlight that as market sentiment gradually stabilizes, significant price increases could be on the horizon for BTC, ETH, XRP, and SOL.
This is not intended as an investment advice.
