- Sentiment for ADA, TRX and EOS are negative as traders turn on these coins.
- The prices for all three of these altcoins have dropped over the last 24 hours.
- In related news, the global crypto market has risen 0.31%.
According to data tweeted by the blockchain analytics firm, Santiment, Cardano (ADA), EOS, and Tron (TRX) have seen crypto traders begin to turn on them. This can be seen in the price performance of all three of these altcoins which has been particularly rough throughout this year.
However, the tweet added that āthe capitulation may soon lead to price rebounds to reel them back in.ā
As can be seen from Santimentās data, the sentiment for the three altcoins has turned very negative. This already negative sentiment grows even more so as the prices of these coins fall.
CoinMarketCap shows that all three of these altcoins experienced losses over the last 24 hours. At press time, the price of ADA is trading at $0.4331 after dropping 0.11%, TRX is trading at $0.06253 following its 0.17% decrease in price, and the price of EOS stands at $1.18 after it fell 1.09%.
In terms of market cap, ADA is ranked the highest of the three at number 8 with its estimated market cap of $14,857,757,717. Next is TRX at number 15 with its market cap of $5,773,906,179. EOS is positioned much lower on the list at 45, with its market cap of $1,185,170,359.
Despite the prices of these three coins falling within the last day, the global crypto market cap has still been able to increase by 0.31% during the same time period. This increase can be attributed to the positive price performances of the top 10 cryptos. All of the top 10 projects, except for BNB and ADA, have printed gains.
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