INJ, SUSHI, ANKR, SNT, SLP On-Chain Metrics Flag Bullish: Report

• Santiment revealed in an X post that INJ, SNT, ANKR, SLP and SUSHI have recorded bullish increases in their on-chain metrics.
• At press time, CoinMarketCap indicated that all of these cryptocurrencies suffered substantial 24-hour losses.
• SNT was the biggest loser throughout the past day of trading as its price dropped 12+% to trade at $0.05064.

Santiment, a behavior analytics platform for cryptocurrencies, revealed on X today that on-chain activity for multiple cryptocurrencies experienced spikes in key metrics that have historically been associated with bullishness. According to the post, Injective (INJ), Status (SNT), SushiSwap (SUSHI), Ankr (ANKR), and Smooth Love Potion (SLP) all experienced bullish spikes.

Based on the most recent day's #onchain activity, assets seeing the most spikes among key alpha metrics historically associated with #bullishness are $INJ, $SNT, $SUSHI, $ANKR, and $SLP. Read all about our new model and try it for free with a 1-week trial to Sanbase PRO. https://t.co/q7w0LMF8hq pic.twitter.com/rF5IOQVmgC

— Santiment (@santimentfeed) November 2, 2023

The spikes in these on-chain metrics come after all of these cryptocurrencies reco…

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