According to analysts from the cryptocurrency analysis firm, there’s a FOMO alert concerning three distinct altcoins, indicating a potential rise in price volatility.
In their statement, analysts from cryptocurrency analysis firm Santiment raised a FOMO alarm regarding certain altcoins. According to the company’s analysis, Chainlink (LINK) has surged by 34%, Immutable X (IMX) by 23%, and Pyth Network (PYTH) by 26% in the past week, demonstrating notable gains in market value.
As per analysts, there’s significant chatter within the mainstream community regarding these altcoins, indicating a strong FOMO sentiment surrounding them. Santiment analysts have cautioned about the potential for heightened volatility in these cryptocurrencies, primarily driven by FOMO.
NeuroInvest Research, a cryptocurrency analyst associated with Santiment, highlighted Chainlink’s recent surge. The price of LINK has climbed by 29% in the past week, contributing to its notable rise. NeuroInvest Research suggests that the increase in LINK’s price correlates with a rise in the amount of LINK held by cryptocurrency addresses, indicating a potentially positive impact on the price.
