Santiment Said There is FOMO in the Market, Called on Investors to Be Careful: 3 Memecoin Cited as Example

Santiment, one of the most well-known analysis companies in the cryptocurrency world, drew attention to some altcoins in a new analysis it published.

According to the post by Santiment, memecoins experienced surprising increases today. Analysts cited PEPE, which is up over 75% today, FLOKI, which is up 50%, and WIF, which is up 51%, as trending memecoins.

Santiment analysts said that the rise in such memecoins is a sign of FOMO in the cryptocurrency market and cryptocurrency investors should be careful.

Bitcoin price managed to rise above $ 57,000 in today’s upward wave. BTC rose to an all-time high of $69,000 in 2021. However, when this record is adjusted for dollar inflation in the US, the BTC price must climb above approximately $75,000 to reach the same purchasing power.

However, we can say that all record levels are measured in nominal terms and therefore if the BTC price exceeds the $ 69,000 level, it will have reached an all-time high.