Santiment Releases Mid-Month December Report: First Half Disappoints

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Here Are The Four Factors Behind Crypto Market’s Latest Surge
  • BTC and ETH traders saw a rather mundane month.
  • ETH is down by just under 1% over the last month.
  • ADA and CHZ saw 20+% price drops throughout December.

The on-chain analysis firm, Santiment, took to Twitter earlier this morning to share their mid-month report. One of the points highlighted in the report is the fact that Bitcoin (BTC), Ethereum (ETH), and stablecoin investors have had a rather mundane month while speculative altcoins experienced more of a “bloodbath” throughout the first half of December.

Price changes % 30d (Source: Santiment)
Price changes % 30d (Source: Santiment)

Looking at the performance of BTC over the last month, we see that the crypto market leader is currently up by just under 1% over the last 30 days. The crypto is also in the green by 0.52% over the last 24 hours, according to CoinMarketCap.

Ethereum / Tether US 1D (Source: CoinMarketCap)
Ethereum / Tether US 1D (Source: CoinMarketCap)

Things for ETH look much the same. The altcoin is currently trading at $1,208.69 after a 2.43% increase in price over the last day. When looking at the longer time periods, we see that ETH is down by more than 4% over the last week and by just under 1% over the last month.

On the other hand, altcoins like Cardano (ADA) and Chiliz (CHZ) have made it onto CoinMarketCap’s trending list for all the wrong reasons. ADA is trading at $0.2578 after a more than 2% price drop over the last day. In addition to this, the Ethereum-killer is in the red by more than 20% over the last month.

Chiliz / TetherUS 1D (Source: CoinMarketCap)
Chiliz / TetherUS 1D (Source: CoinMarketCap)

CHZ suffered a similar fate throughout the first half of December. Not only is the crypto down by more than 18% over the last week, but its price dropped by over 50% throughout the last thirty days.

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