The crypto markets appear to have to withstand significant bearish action in recent times as Bitcoin prices continue to trade beyond $20,000. On the other hand, Ethereum prices also continue to sustain above $1300 due to the fact that the DeFi and NFT spaces are also manifesting acute strength. Amidst the coiling market sentiments, popular altcoins like Cardano , EOS & Tron are expected to drop hard in the coming days.
As per the data from Santiment, an on-chain analytical platform, ADA, EOS & TRX are the popular 3 assets that may foresee a reduction in the number of traders’ participation. Mainly due to the extensive consolidation within a reduced and narrow range.