Is Cryptocurrency Traders' FOMO a Contrarian Indicator? Silver Market Indicates Overheating, Says Santiment

According to TradingView, silver prices hit a record high of over $117 on Tuesday, but Santiment, an on-chain data platform, noted that the fear of missing out (FOMO) among individual traders generally indicates that a peak is near.

After reaching an all-time high, silver prices plummeted to below $102.70 within just two hours and are currently trading at around $113.

On the 27th, Santiment analyzed the shift in focus on cryptocurrency social media in January. The first week saw minimal activity as traders returned from holiday breaks...