Cardano (ADA) Poised for Major Rally Amid Negative Funding Rates, Says Santiment
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The crypto analytics firm Santiment has highlighted the potential for major rallies in certain altcoins, specifically Cardano (ADA), Chiliz (CHZ), and Fantom (FTM). The firm notes that negative funding rates, which indicate bearish sentiment, might be setting the stage for a positive price movement.
Santiment's analysis suggests that these altcoins are undervalued, and the current market dynamics could lead to a substantial uptick in their prices. This prediction offers an optimistic outlook for investors looking at these cryptocurrencies.
The identification of negative funding rates as a precursor to a potential rally provides a strategic insight for traders and investors. According to Santiment, historical trends show that such conditions often precede significant price increases.
Source: en.coinotag.com ↗
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