Analysts from the cryptocurrency analysis company Santiment issued a FOMO alarm in some altcoins in their statement.
According to the analysis company’s statement, Chainlink (LINK) has increased by 34%, Immutable X (IMX) by 23%, and Pyth Network (PYTH) by 26% in the last week, and they have seen impressive market value increases.
According to analysts, the mainstream community is currently discussing these altcoins heavily and FOMO is observed in these altcoins. Santiment analysts warned of high volatility for these cryptocurrencies, especially due to FOMO.
However, NeuroInvest Research, another cryptocurrency analyst affiliated with Santiment, mentioned Chainlink in his statement. Chainlink has been experiencing a remarkable rise lately. LINK price has risen by as much as 29% in the last seven days. In the last altcoin rise wave, Solana, along with LINK, led the rise.
In its statement, NeuroInvest Research said that as the LINK price increased, the amount of LINK held by cryptocurrency addresses increased, which could show itself as a positive reflection on the price.
*This is not investment advice.
Read the full article here