“Beware of FOMO, A Correction May Come!”
Bitcoin, which dropped to $38,500 after the Spot ETF approval, started to recover. Within the scope of this recovery, while BTC is currently trying to hold on to $ 43,000, there is also activity in altcoins.
At this point, while some altcoins differentiated themselves positively from the market with their rises, the popular on-chain data platform Santiment warned investors about LunaClassic (LUNC), Sapphire (SAPP), OasisNetwork (ROSE), Flare (FLR), PythNetwork (PYTH) and Gamercoin (GHX).
Santiment analysts said that these altcoins in the list they shared are likely to experience a correction in the short term due to the FOMO that occurred after the rise and interest experienced.
“Alongside LunaClassic’s latest pump, Sapphire and OasisNetwork are also attracting great interest.
As the weekend draws to a close, keep an eye out for local tops for Flare, PythNetwork, and Gamercoin.
Historically, many bullish assets on this list have a high chance of correcting due to increased audience interest and FOMO associated with price performances that attract novice traders.”
🗣️ #Sapphire and #OasisNetwork are seeing significant attention, alongside the recent pump from #LunaClassic. As the weekend comes to an end, keep an eye on whether local tops are coming in for #Flare, #PythNetwork, and #Gamercoin as well. https://t.co/YEHMGVse1C pic.twitter.com/l9jLQFHiYp
— Santiment (@santimentfeed) February 4, 2024
*This is not investment advice.
