PANews reported on February 14th, citing Cointelegraph, that on-chain data analytics platform Santiment stated that the market is showing "classic capitulation PANews reported on February 14th, citing Cointelegraph, that on-chain data analytics platform Santiment stated that the market is showing "classic capitulation
Santiment: "Classic surrender signal" emerges in the Meme coin market.
PANews reported on February 14th, citing Cointelegraph, that on-chain data analytics platform Santiment stated that the market is showing "classic capitulation signals" as traders widely believe that "the era of Meme is over," often indicating a time for contrarian investing. Santiment pointed out that when a sector of the market is completely viewed negatively, it often signals an impending bottom. Data shows that Meme's total market capitalization has fallen 34.04% to $31.02 billion in the past 30 days.
Santiment also observed that pessimism significantly outweighs optimism regarding the crypto market on social media. This phenomenon of "skepticism even as prices rise" is a healthy sign that the market may continue to recover. Analysts point out that unlike previous altcoin seasons where prices rose across the board, the next round of market activity may be more selective, with only a subset of cryptocurrencies benefiting.
Market Opportunity
Memecoin Price(MEME)
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