The data show that the feeling of social media around Solana has reached a maximum of 11 weeks after the last increase in the recovery of the price of the cryptocurrency.
Solana is now observing 5.8 bullish comments for each bearish post
In a new post on X, the Santiment analysis company discussed the last trend in the positive/negative feeling for Solana. This indicator tells us how the bullish and bearish comments relating to Sol currently confront each other on the main social media platforms.
Metric uses an automatic learning model to judge whether a certain post/thread/message is positive or negative. Once he separated the texts in the two categories, he counts them and finds their relationship.
Now, here is the graphic designer shared by the analysis company that shows the tendency in the positive/negative Solana feeling in the last two months:
As displayed in the graph above, the positive/negative Solana sentiment has witnessed a strong increase recently, indicating that positive comments have increased relating to cryptocurrency.
Currently, there are 5.8 positive posts that appear for each negative post. This is the highest that the value of the relationship has been since 11 June, more than two months ago.
The increase in the bullish sentiment is the result of the price of price of 16% of which Sol enjoyed last week. While a little excitement after the gatherings is normal, an excess can be something to pay attention to. This is because digital resources have historically tends to move in the contrary to the expectations of the majority.
This means that a large amount of clamor among social media users can lead to tops. Likewise, widespread fear can facilitate the formation of a fund. With the positive/negative feeling sitting on a maximum of 11 weeks, now it remains to be seen if the merchant Fomo would have become an obstacle in the Solana event.
In some other news, Santiment has shared an update on how the projects on the blockchain Sol are currently classified against each other in terms of development activities.
The “development activities” refers to a metric that measures, as the name suggests, the total amount of work that the developers of a certain cryptocurrency project are inserting in its public Github repositories.
Below is a table that shows the value of 30 days of the metric for the best projects in the Ecosystem Sol.
It would seem that the king of the ecosystem Sol is nothing more than alone, with a development value of 138.37. Wormhole (W) and Drift (Drift) are the best best projects with metric values respectively of 41.47 and 31.9.
Sol price
At the time of writing, Solana is exchanging about $ 212, growing 1.6% compared to the past day.