Crypto Social Volumes Declined After Midweek Volatility

• Santiment data shows a declining trend in social volumes across cryptocurrencies.
• Bitcoin, Radix, and Render constitute the few cryptos with positive social metrics in the past week.
• Bitcoin’s price closed above the opening price for the third consecutive day despite recent volatility.

According to data from Santiment, the market intelligence platform with on-chain social metrics, there is a declining trend in social volume across cryptocurrencies. Recent data shows most cryptocurrencies on the platform returning negative weekly social metrics with only a few standouts.

Social volumes across #crypto continue declining as a #bearish & complacent trader sentiment is here for the time being. Through the volatility, #Bitcoin's price is still +4% in the past week, and standouts like #Render (+22%) and #Radix (+16%) have given pump opportunities. pic.twitter.com/GtLFgQwr1T

— Santiment (@santimentfeed) April 28, 2023

Bitcoin, Radix, and Render constitute the few cryptocurrencies whose social metrics remained positive in the past seven days. Despite the volatility of the crypto market in the past week, Santiment data showed Bitcoin’s price maintained a +4% g…

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