Experts platform cryptanalysts Santiment believe that the market of digital assets has already started the growth, which many have not noticed. Signs of such a movement they call the latest prices of tokens of the standard ERC-20 from the price of ETH – with a tendency to increase the gap, the high activity in the block chain projects and “volume” mention of cryptocurrency in social media.
In the aggregate, in the opinion Santiment, these observations give us confidence that the projects on the basis of Еthereum not expect to recover the ETH, and have already started its bullish growth.
“It is logical to expect that the price movement will affect ETH. A similar pattern was observed in 2016-2017, when ETH started the explosive growth and BTC followed him. However, this market is quite irrational, and we prefer to assess the reality of the moment. And in the moment… the dynamics of prices of some token shows possibly (from ETH). Perhaps we will see a reduction if it will include the entire market. Now, however, the risk is to reach the peak of “healthy” tokens,” they concluded in Santiment.
Recall that an American billionaire Mike Novogratz (Mike Novogratz) in mid-September, said that the cryptocurrency market, in his opinion, was the “bottom”, and, according to Bloomberg cryptocurrency Crypto Galaxy (BGCI), has again reached the “point of acceleration”, which in November last year saw an upsurge in the “bubble”.