HomeAltcoinPrivacy-focused altcoin Ethereum could be boosted by this bullish sign: analytics firm...

Privacy-focused altcoin Ethereum could be boosted by this bullish sign: analytics firm Santiment

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An altcoin used for a privacy-focused internet browser could get shot in the arm due to a recent bullish signal, according to crypto insights firm Santiment.

Santiment says that the Basic Attention Token (BAT), which is used as a reward-based cryptocurrency for Brave Browser, could make a comeback thanks to recent rumors on social media.

Santiment shares data showing an increase in the social dominance of the terms “BAT,” “browser,” and “brave.”

“BAT and Brave Browser have been trending, following a viral Reddit post with users debating the success or failure of the unique internet browser that offers bounties. The asset itself hasn’t come out of the altcoin package, but it could get a little boost.”

Fountain: Sentiment/Twitter

BAT is trading at $0.207 at time of writing, trading mostly sideways over the past week.

Santiment also has its radar set on the Litecoin (LTC) peer-to-peer payments network ahead of its highly anticipated halving event. The firm says that Litecoin bulls have been accumulating coins rapidly as addresses holding at least 100 LTC have been on the rise.

“Litecoin’s upcoming halving on August 2 still generates more excitement among traders. In the last 24 weeks, as more took notice, 1185 more addresses were created that hold at least 100 LTC. Most expect this to be a bullish event.”

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Fountain: Sentiment/Twitter

At the time of writing, Litecoin is trading at $92.65.

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Featured image: Shutterstock/Sep21 Studio/cgterminal

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