Cryptocurrency analytics firm Santiment shared its predictions following the price increase of two altcoins in a post published on its official account.
According to analysts at Santiment, both Solana (SOL) and Avalanche (AVAX) have made good gains recently.
However, analysts argue that only one of these two altcoins will be able to continue the current rise.
According to Santiment, the SOL rally has seen traders buying on FOMO, making it less likely that the rally will continue. On the other hand, the AVAX rally has been largely ignored by the community, so there could be a high probability that this rally will continue.
Santiment measured the amount of FOMO in these comments by examining the social volumes of these altcoins. According to the data, AVAX’s social volume remained lower than SOL’s despite the increase.
While AVAX rallied an impressive 6% in the last 24 hours, this rate was measured even higher in Solana and SOL gained 8% in value in the last 24 hours. SOL’s weekly return is observed to be above 10% at the time of writing this article.
*This is not investment advice.
