This Is A Vital Crypto Catalyst For Crypto Rally

There is an important catalyst that boosts the crypto rally these days. Check out the latest reports coming from the analytics firm Santiment.

Santiment made sure to explain the fact that despite Bitcoin (BTC), Ethereum (ETH) and altcoins such as ApeCoin (APE), Fantom (FTM), Ethereum Classic (ETC) and THORChain (RUNE) recording double-digit growth percentage-wise, social media mentions are declining.

According to Santiment, the falling discussion rates of crypto assets on social media forums indicate the fear of missing out (FOMO) on gains has not gripped retail investors. This suggests that the markets is likely not yet overheated.

“Bitcoin is +12% and has jumped back over $23,000 this week. The bigger story has been Ethereum (+33%) and altcoins like ETC (+69%), APE (+39%), FTM (+33%), and RUNE (+31%). As long as social volume stays down, the crowd isn’t having FOMO fever just yet.”

Looking at Ethereum, the analytics firm says the key stakeholder groups of ETH asset by market cap changed behavior after July 13th, when ETH fell to a low of around $1,000.

A closely followed crypto strategist reacts to the recent market-wide rally, updating his predictions for a trio of digital assets.

Pseudonymous crypto analyst DonAlt addressed the potential price of Ethereum (ETH) after the leading smart contract platform went vertical on the Bitcoin (BTC) trading pair.

“Full send, as expected. It already retraced 40% of the bear market move (on a relative basis) and doesn’t look weak yet either.”

He continued and said this:

“Don’t really see a good reason for it to get anything more than a temporary rejection here. I’ll remain bullish.”

He also made sure to explain the fact that while he’s already sitting on 50% paper profits after ETH’s latest surge past $1,000, he’s eyeing a push above $1,800 to perhaps as high as the $2,200 to $2,600 zone.