Crypto Community Bullish on $BTC, $BNB, $ADA, and $XRP for Q4, Santiment Says | Cryptoglobe

The cryptocurrency community is seemingly bullish on a number of cryptoassets for the fourth quarter of the year, while remaining “slightly bearish” on the second-largest cryptocurrency by market capitalization Ethereum ($ETH).

In a tweet on-chain cryptocurrency analytics firm Santiment shared with its over 140,000 followers on the microblogging platform, it noted that the “persistent negativity and bearishness has faded” as traders are anticipating a rebound in the last quarter of the year.

? The #crypto crowd is far from euphoric toward markets. But the persistent negativity and bearishness has faded as traders anticipate a rebound here in Q4. $BTC, $BNB, $XRP, and $ADA all indicate crowd bullishness, while $ETH is just slightly bearish. https://t.co/NgcUgicgag pic.twitter.com/oJ46yWfgD7

— Santiment (@santimentfeed) October 20, 2022

According to the firm, Bitcoin ($BTC), Binance Coin ($BNB), $XRP, and Cardano ($ADA) are all indicating “crowd bullishness,” which suggests that cryptocurrency users are bullish on all four cryptocurrencies and expect their prices to rise by the end of the year.

As CryptoGlobe reported, the cryptocurrency community is bullish on a number of tokens for the end of the year, according to CoinMarketCap data. It has predicted, for example, that the price of Cardano will grow to $0.57 by the end of the month, up significantly from its current $0.33 price tag.

Notably, transactions being made on the Cardano network have grown to hit 97,959 on October 19, a figure that represents a rise of roughly 75% month-on-month, according to data from the cryptocurrency’s blockchain.

The figure was first shared by popular Cardano influencer ADA whale, who noted that the network’s trading volume for non-fungible tokens (NFTs) also grew to hit 3 million ADA in a single day, which solidified the network’s position as the third-largest NFT protocol.

On the other hand, the cryptocurrency community is expecting to see the price of $XRP drop by the end of the year, even as fintech firm Ripple makes significant progress in its case against the U.S. Securities and Exchange Commission (SEC).

A panel of cryptocurrency experts, however, has s predicted that the price of $XRP could surge to $3.81 by the end of 2025 if Ripple wins its legal battle against the SEC. The experts predicted the cryptocurrency would trade at just $0.98 if Ripple loses.

Bitcoin has been making headlines as a hedge against inflation, which has been underperforming against the U.S. dollar, but outperforming against other fiat currencies.

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