SACRAMENTO, Calif. – In the field of cryptocurrency, market sentiment analysis speaks a lot about how a platform is doing. In the past few days, different cryptocurrency platforms have been displaying quite an improvement, especially after some of which battled with fluctuations and inconsistencies in their momentum. Do these significant rises talk about a possible bull run?
One of the cryptocurrency platforms that is making a name for being bullish is the TRON (TRX). Many investors and traders have been quite impressed with its test net launch. In the 14 mentions it had across different cryptocurrency platforms, it gained 85% positive ones, which is a really good market sentiment analysis. This leads big investors to flock to this crypto. Optimism is further produced as its Mainnet launch will be making its way earlier than its original set date.
Litecoin (LTC) is another crypto platform that struggles as to where it is headed. Investors are now uncertain about its stand after its fallback on having the Litepay cancelled. It did, however, manage to make gains in the past few days, but is still unable to cross over the $120 mark.
Its sentiment analysis has been running in the middle of bullish and bearish due to a ratio of 55% positive to 44% negative in its nine mentions across different crypto platforms. This is a clear indication that Litecoin needs to be sure on what’s next for it.
Another well-performing and rather frequently heard platform in cryptocurrency is Ethereum (ETH). It is still on the green; however, it continuously battles fluctuation as it strives hard to go above the $400 mark. Still, its market sentiment analysis is still not that bad. Out of 211 mentions in various crypto platforms, 67% are positive ones. On the other hand, this crypto needs to consider the 32% negative ones and do something about it.
Wherever these crypto platforms stand today, they still need to take cautious measures to maintain or surpass their current performance. This is simply because nobody knows what tomorrow may bring. Investors and traders will definitely choose platforms that are consistent and able to go beyond the set mark.