According to crypto analysis firm Santiment, only four major altcoins ended the week in the green, showing gains despite Bitcoin’s underwhelming performance. Santiment highlighted Solana (SOL), Jito (JTO), Jupiter (JUP), and Cosmos (ATOM) as the few large cryptos to finish the week positively.
Meme Coins Gain Interest Amid Bitcoin’s Stagnation
With Bitcoin falling short of expectations, recent data suggests a shift in investor interest toward meme coins. Analysts noted that as Bitcoin’s performance wavered, certain meme coins saw increased attention from the market. Santiment’s analysts shared their outlook for the coming week, suggesting that the market’s lackluster recent performance could lead to an increase in FUD (fear, uncertainty, and doubt), potentially setting the stage for a market bounce next week.
Ethereum Whale Activity Rises
Santiment analysts also commented on Ethereum, observing an uptick in whale activity. Ethereum’s price dipped to $2,380 on Friday, while whale accumulation reached a six-week high. “Historically, this accumulation signals large holders building positions. While there’s no immediate guarantee of a price jump, the activity is promising,” analysts remarked.
As the crypto market eyes potential growth, Turkish NY Radio will continue to monitor shifts in investor sentiment, especially in underperforming assets. The recent data could signal a positive shift in market momentum.
