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Bitcoin, Chainlink and Dogecoin Leading Crypto Upside Potential: Santiment

With gloom hovering over the market, Santiment projects that Bitcoin, Chainlink and Dogecoin and among coins that can revive market rally
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Bitcoin, Chainlink and Dogecoin Leading Crypto Upside Potential: Santiment

Highlights

  • Santiment just highlighted top altcoins with positive ecosystem sentiment
  • Bitcoin, Dogecoin and Chainlink are tipped to drive the coming resurgence
  • The BTC advantage is worth leaning on amid a massive $230,000 prediction

Volatility has continued to rock the digital currency ecosystem with Bitcoin (BTC), Chainlink (LINK) and Dogecoin (DOGE) in the spotlight. Current market data shows the combined crypto market cap dropping by 2.05% to $2.28 trillion. According to data insight from crypto analytics platform Santiment, the broader crypto market correction aligns with the equities market.

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The Bitcoin, Chainlink and Dogecoin Advantage

Santiment actually profiled 10 digital currencies it claimed have “crowd optimism.” The analytics platform used this term to denote the coins that more community members are talking about. Top on the list, sieved by those worth at least $500 million in valuation is Chainlink.

The oracle service provider has made headlines on different ocassions lately. By introducing privacy features into its Cross Chain Interoperability Protocol (CCIP), Chainlink is setting a new standard for interoperability.

https://twitter.com/santimentfeed/status/1849173997432225880?ref_src=twsrc%5Etfw” rel=”nofollow

Besides Chainlink, Santiment named Bitcoin, Goat Network, Dogecoin, XRP, PEPE, Filecoin, Shiba Inu, EigenLayer and Beam. Of these, Bitcoin has received significant chatter lately. From the potential Indian government ban of BTC, to the Michael Saylor self-custody controversy, the coin remains on the frontlines of social discussion this week.

Dogecoin has also drawn the attention of retail investors thus far this week. From DOGE whale accumulations to ETF discussions, the chances of the coin turbocharging a new bull rally is high.

Despite their currently lower prices, Santiment noted that the speculative nature of the market could market the coins soar in the short term.

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Where To Next? Top Market Forecasts

It is worth noting that Bitcoin remains the standard of measure for cryptocurrencies in the industry. Judging by events like spot Bitcoin ETF trend, many analysts are predicting a potential breach of the All-Time High (ATH) before the end of this year.

In particular, Bernstein analysts predicted a $220,000 top for the coin. Another ambitious BTC price forecast tipped a $230,000 surge if the coin repeats Gold’s bullish pattern. While the market offers no guarantees, the social sentiment and expectations might drive the profiled coins upward soon.

Read More: 3 Chainlink LINK Alternatives to Buy Before December 2024

 

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin

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Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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