• Crypto trader sentiment is positive for Chiliz, Ethereum, Binance Coin, Notcoin and Toncoin, per data from Oriole Insights. 
  • Chiliz sees launch of new DEX, Binance comes back to India, and Ethereum appears on the list despite continued ETF outflows.
  • NOT and TON hold steady above key support on Friday. 

Chiliz (CHZ), Ethereum (ETH), Binance Coin (BNB), Notcoin (NOT), and Toncoin (TON) are the five cryptocurrencies with the most positive sentiment among crypto traders, according to data from Oriole Insights.  Recent developments in some of these top five picks have likely fueled this positive sentiment, although some other tokens such as Ether make it to the top even though US-listed Exchange Traded Funds tracking the value of ETH are registering outflows. 

Top 5 cryptos: CHZ, ETH, BNB, NOT and TON

Oriole Insights listed 15 projects by positive market sentiment in an  X account on Friday:

Chiliz, which tops the list, announced on Wednesday the launch of a Decentralized Exchange (DEX) on the Chiliz Chain. While the price of the token has failed to rebound following the news, the creation of the DEX could be the reason behind the positive market sentiment.

Trader sentiment on Ether is also positive, Oriole Insights data shows, despite net negative outflows from the US-listed Spot Ethereum ETFs. Farside data shows $39.2 million in outflows, the largest volume since August 2, led by Greyscale ETF. 

Ethereum

Ethereum ETF flows from Farside 

As for BNB, which ranks third in the list, improved sentiment could be the result of Binance’s announcement on Thursday that it is returning to the Indian market after paying a $2.25 million fine, to serve nearly 100 million traders.. While Binance faces litigation in the US, this re-entry to the Indian market marks a regulatory milestone for the exchange.

NOT’s popularity among investors can be attributed to its recent announcement of “Lost Dog” game launch, NOT extended gains on Thursday. Data from CoinGecko shows NOT market capitalization has surged by $1.109 billion at the time of writing. 

Binance listed TON in its launchpool on August 8, leading to hefty price gains for the Telegram-related token that have largely held up. TON trades at $6.466 on Friday, at the time of writing. Typically, an asset’s listing on Binance drives the price higher, labeled “the Binance effect.”

CHZ trades at $0.0533, Ether at $2,620, BNB at $522, NOT at $0.0108 and TON at $6.466 at the time of writing. 


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

US presidential election outcome could shape the future of crypto

US presidential election outcome could shape the future of crypto

US citizens will go to the polls to elect a new president on November 5, and their choice could be key for the future of the crypto industry and thus the price outlook for Bitcoin (BTC).

More Cryptocurrencies News
Bitcoin Price Forecast: BTC recovers as Donald Trump takes lead on polls

Bitcoin Price Forecast: BTC recovers as Donald Trump takes lead on polls

Bitcoin (BTC) slightly recovered to around $68,800 on Tuesday, following a shift in the United States presidential race that saw former President Donald Trump regain the lead, after US spot Bitcoin ETFs experienced an outflow of over $540 million on Monday.

More Bitcoin News
Crypto markets brace for volatility in tight race between Trump and Harris

Crypto markets brace for volatility in tight race between Trump and Harris

The US presidential election is one of the most significant events in the world. Due to the influence of the country’s political decisions, policies, and economic approaches, it can significantly impact crypto and global markets. 

More Cryptocurrencies News
Trump-inspired memecoin MAGA shows bullish on-chain metrics ahead of US elections

Trump-inspired memecoin MAGA shows bullish on-chain metrics ahead of US elections

MAGA (TRUMP) trades slightly down to around $3.4 on Tuesday after rallying more than 20% since Sunday. The former President Donald Trump-based memecoin is poised for further gains as daily active addresses and network growth metrics rise, signaling increased network usage and adoption

More Cryptocurrencies News
Bitcoin: New all-time high at $78,900 looks feasible

Bitcoin: New all-time high at $78,900 looks feasible

Bitcoin price declines over 2% this week, but the bounce from a key technical level on the weekly chart signals chances of hitting a new all-time high in the short term. US spot Bitcoin ETFs posted $596 million in inflows until Thursday despite the increased profit-taking activity.

Read full analysis
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

BTC

ETH

XRP