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Home»ALTCOIN NEWS»Santiment warns cryptocurrency analytics firm as Bitcoin, Ethereum and XRP remain at ‘high-risk’ return levels
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Santiment warns cryptocurrency analytics firm as Bitcoin, Ethereum and XRP remain at ‘high-risk’ return levels

By Crypto FlexsJanuary 20, 20242 Mins Read
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Santiment warns cryptocurrency analytics firm as Bitcoin, Ethereum and XRP remain at ‘high-risk’ return levels
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Crypto analytics firm Santiment reports that three of the largest cryptocurrency networks by market capitalization are currently monetizing more than 80% of existing supply.

The Total Profit Supply indicator measures the percentage of coins that are currently making a profit compared to the last time they moved, and is sometimes correlated with price trends.

According to Santiment, Bitcoin (BTC), Ethereum (ETH), and . region.

st tly Called The asset last reached this level in March 2022.

“Bitcoin (83%), Ethereum (84%), and “I’m doing it.”

Source: Santiment/X

Santiment said cryptocurrency prices could still rise due to positive developments in the industry, including the approval of a spot Bitcoin exchange-traded fund (ETF) in the United States. This is an indicator for crypto assets.

“Cryptocurrencies could still rise due to greater exposure from ETFs and other positive news. However, a good sign to watch, ideally indicating continued long-term growth, is once again a breach of less than 75% of profit supply.”

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Image created by: Midjourney

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