Looking at the current cryptocurrency markets, there appears to be ample bullish sentiment all of a sudden. With Bitcoin making some moves, the rest of the markets are bound to follow suit. Below are the five currencies with the highest bullish sentiment, according to LunarCRUSH.
Bitcoin (BTC)
It has been a while since Bitcoin has any made movements in the price department that were worth taking note of. Why this lack of volatility has proven to be so powerful and popular, is difficult to determine. There is still plenty of turmoil affecting traditional financial markets right now, thus one would expect a Bitcoin price rise as a result.
Whether the 1.8% Bitcoin price increase over the past 24 hours warrants much bullish optimism, is difficult to tell. Surpassing the $9,500 threshold once again is a bullish sentiment in its own regard. Staying at this level will be a different matter, but one has to take the small victories in life in stride.
Ethereum (ETH)
It isn’t too surprising to learn that Ethereum is getting a lot of attention lately. It remains, by far, the most popular blockchain in terms of active projects, as well as the Defi space. Moreover, there is a lot of excitement for the upgrade to Ethereum 2.0, although no one knows for sure if that will occur this year.
In the price department, Ethereum is engaging the traders.With its price approaching $270 once again, the value has more than doubled compared to earlier this year. A strong 9.28% gain in the past 24 hours is certainly helping to keep all of this momentum going across the different markets.
ChainLink (LINK)
Over the past few weeks, there have been numerous developments involving ChainLink, for a wide variety of reasons. The native oracles solution – based on blockchain technology – is being integrated into a lot of different projects and services as of late.
As far as the LINK price is concerned, some of its recent uptrend has been nullified today. Entirely to be expected, as altcoins and tokens tend to be more volatile Even so, the overall trend has not been disrupted by all that much, but caution is advised first and foremost. Remaining above $8 will be the main order of business.
XRP (XRP)
Despite a lot of people not liking XRP in the slightest, Ripple’s native asset is going through a very bullish surge as of right now. That in itself is quite telling, as XRP hasn’t had the greatest year by any means. Overcoming those setbacks has been a challenge, yet it seems the bulls are ready to take control again.
Considering how XRP has gone through a healthy 4.38% price increase over the past 24 hours, it will be interesting to see what the future will hold exactly. Right now, XRP seems on its way to hit $0.21 again, but there’s still a lot of work to be done.
DigiByte (DGB)
There are many different reasons why more people may want to keep an eye on DigiByte. All of those reasons have absolutely nothing to do with the current DGB price. Instead, it has to do with how this ecosystem has evolved in recent months. It now appears that those developments are affecting the price in a positive manner.
In the past 24 hours, the DigiByte price rose by 14.42%, which is more than respectable. It is in line with what other currencies are doing as of right now, With the price approaching $0.025 at a swift pace, there will undoubtedly be some pushback from traders and speculators.
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