- Ethereum’s 147% rally since April sparks retail FOMO, while Bitcoin and XRP show calmer sentiment that may offer value buys.
- Analysts warn extreme optimism on Ethereum could trigger pullbacks, as Bitcoin and XRP’s low FOMO signals potential accumulation zones.
- Altcoins surge with tokens like CATX and COIN posting massive gains even as trading volume drops and the market stays in greed mode.
The crypto market is showing a sharp divergence in investor sentiment as Ethereum (ETH) gains +147% since April, sparking strong retail enthusiasm. Bitcoin (BTC) and XRP, however, are experiencing lower levels of greed, making them potential buy-low opportunities, according to data from Santiment. This sentiment split arrives as the total crypto market capitalization climbs 2.52% in 24 hours to $3.87 trillion.
Source: Santiment
Ethereum’s surge has pushed its price to $3,740.01, up 2.77% in the past day. Moreover, its market dominance has risen to 11.7%, signaling stronger influence across the market.
Bitcoin, in contrast, has posted a more modest 1.55% gain to reach $117,513.64, holding a dominant 60.5% market share. XRP remains quieter, reflecting neutral investor sentiment with a 1.11 bullish-to-bearish comment ratio.
Ethereum Faces “High FOMO” While BTC and XRP Stay Calm
Santiment’s social sentiment chart shows Ethereum reaching 2.53 bullish comments for every bearish one, a level categorized as “High FOMO.” This optimism follows ETH’s strong price performance, but historically, extreme sentiment levels often lead to market pullbacks. Bitcoin shows a 1.33 ratio, indicating “Low FOMO,” while XRP’s ratio remains at “Very Low FOMO,” reflecting minimal retail excitement.
Consequently, analysts suggest BTC and XRP could offer accumulation opportunities as investor interest stays muted. Historically, markets often move opposite to crowd expectations when extreme sentiment builds.
Altcoins Ride Market Upturn as Volume Dips
Altcoins have performed well in addition to the big three cryptocurrencies. Sui (SUI), Solana (SOL), and Dogecoin (DOGE) all keep posting increases. In the meantime, notable tokens such as TRUMP increased 528.79%, COIN increased 665.35%, and CATX increased 2,359.85%.
Nevertheless, despite price growth, the entire 24-hour trading volume fell 12.99% to $194.52 billion, indicating lower overall liquidity. With a score of 64, the Crypto Fear & Greed Index is still in “Greed” territory.
