- Santiment sat down with Trevor Max Main recently to analyze the crypto markets.
- AI projects have continued to print gains over the last week.
- Santiment’s market analysis pointed out some bearish indicators that investors may want to watch out for.
Santiment, the blockchain intelligence firm, shared a link on Twitter today to their interview with crypto enthusiast, Trevor Max Main. One of the topics that came up in the video was the rumors that the SEC may look to ban staking in the United States.
Covered in the video was the popularity in AI crypto projects, with the spotlight put on SingularityNET, Fetch.ai, and Artificial Liquid Intelligence. According to CoinGecko, these are the top AI crypto projects by market cap size. All three of these projects have printed significant gains over the last 7 days.
At press time, SingularityNET (AGIX) is up 121.4% over the last 7 days. Fetch.ai (FET) is up 52.9% over the last week, and Artificial Liquid Intelligence (ALI) is up more than 65% in the last week.
The next topic of discussion in the video was BTC whale and shark dumping behavior. In the video, Trevor Max Main shared how BTC sharks and whales dumped their holdings from the start of 2022 all the way until after the FTX disaster.
The chart shared by Max Main also showed how the number of stablecoin addresses holding between $100 k and $10 million have been slowly increasing as investors continue to build their buying power.
Lastly, the market dominance of Bitcoin (BTC) was covered in the video. According to Max Main, there is not enough social dominance for BTC at the moment to suggest organic growth for the crypto market in the coming weeks and months. In addition to this, the price dominance of BTC has also been lagging which may be a bearish sign.