Solana Social Media Hype Hits 11-Week High As Price Jumps 16%

Data shows social media sentiment around Solana has hit a 11-week high following the latest recovery surge in the cryptocurrency’s ￰0￱ Is Now Observing 5.8 Bullish Comments For Every Bearish Post In a new post on X, analytics firm Santiment has discussed about the latest trend in the Positive/Negative Sentiment for ￰1￱ indicator tells us about how the bullish and bearish comments related to SOL currently compare on the major social media ￰2￱ metric uses a machine-learning model to judge whether a given post/thread/message is positive or ￰3￱ it has separated the texts into the two categories, it counts them up and finds their ￰4￱ Reading: Bitcoin Rally Over?

CryptoQuant’s Bull Score Index Turns Bearish Now, here is the chart shared by the analytics firm that shows the trend in the Solana Positive/Negative Sentiment over the last couple of months: As displayed in the above graph, the Solana Positive/Negative Sentiment has witnessed a sharp increase recently, indicating that positive comments related to the cryptocurrency have ramped up. Currently, there are 5.8 positive posts appearing for every negative ￰5￱ is the highest that the ratio’s value has been since June 11th, more than two months ￰6￱ rise in bullish sentiment is a result of the 16% price surge that SOL has enjoyed over the past ￰7￱ some excitement after rallies is normal, an excess of it can be something to watch out ￰8￱ is because digital assets have historically tended to move in a way that goes contrary to the expectations of the ￰9￱ means that a large amount of hype among social media users can lead to tops.

Similarly, widespread fear can facilitate the formation of a ￰10￱ the Positive/Negative Sentiment sitting on an 11-week high, it now remains to be seen whether trader FOMO would become an obstacle in the Solana ￰11￱ some other news, Santiment has shared an update on how projects on the SOL blockchain currently rank up against each other in terms of the Development ￰12￱ “Development Activity” refers to a metric that measures, as its name suggests, the total amount of work that the developers of a given cryptocurrency project are putting in on its public GitHub ￰13￱ Reading: Bitcoin & Ethereum Whale Populations Quietly Growing, On-Chain Data Reveals Below is a table that shows the 30-day value of the metric for the top projects in the SOL ￰14￱ would appear that the king of the SOL ecosystem is none other than Solana itself, with a Development Activity value of ￰15￱ (W) and Drift (DRIFT) are the next best projects with metric values of 41.47 and 31.9, ￰16￱ Price At the time of writing, Solana is trading around $212, up 1.6% over the past ￰17￱ image from Dall-E, Santiment.

net, chart from ￰18￱