RATE Group | Bullish Social Sentiment for Tezos and Cardano is Waning
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Bullish Social Sentiment for Tezos and Cardano is Waning

22 Apr Bullish Social Sentiment for Tezos and Cardano is Waning

Posted at 07:47h in Cryptocurrency News by

Social engagement around Tezos and Cardano is tiring, spelling trouble for their token prices in the short-term.

Key Takeaways

  • Tezos and Cardano’s social engagement metrics have exploded over the past six months.
  • However, more recent engagement metrics show that enthusiasm for XTZ and ADA is waning, a sign that momentum is getting exhausted.
  • The drastic change in the global economic landscape stemming from COVID-19 could also impact the optimism around these altcoins.
  • Due to the unpredictability of the crypto market, both XTZ and ADA are contained within no-trade zones. A breakout is necessary to confirm the direction of the trend.

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Six month community engagement around Tezos and Cardano has been outstanding, showing the potential for bullish price movement. Though, seven-day sentiment is not so optimistic.

Cardano and Tezos Social Metrics are Changing

Over the past six months, Tezos and Cardano’s social engagement metrics are through the roof, according to crypto…

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