Analysts at the Santiment platform noted that the cryptocurrency market is seeing a “surprising level of neutrality in investor sentiment,” which could positively impact the further growth of digital assets.
With altcoins showing no signs of slowing down their historic gains, the euphoria that gripped traders a week ago is giving way to fatigue. Even though cryptocurrencies like XRP (+ 444%), Cardano (+280%) and Stellar (+512%), showing historic gains over 30 days, it appears retail investors are getting tired, Santiment said in a report.
According to the platform's analysts, the excitement around growing cryptocurrencies has not turned into FOMO (FOMO) Retail traders appear to have taken a break after taking advantage of earlier gains, leading to a calmer market environment.
Experts consider the lack of enthusiasm among retail investors a positive indicator for further growth of the cryptocurrency market. Digital assets will be able to continue to demonstrate sustainable growth without the volatility that often arises from purchases caused by FOMO .
The period of neutral trader sentiment identified by analysts coincides with historical patterns, according to which calmer periods precede bullish movements.
