Altcoins
Render (RNDR), Aave and another Ethereum-based altcoin showing notable growth in addressing activity: Santiment
Three Ethereum (ETH)-based altcoin projects are seeing a massive increase in network activity, according to blockchain analytics platform Santiment.
Santiment said that address activity is up for Render (RNDR), the graphics processing unit (GPU) rendering blockchain, Aave (AAVE), money market protocol and decentralized finance (DeFi) protocol Maker (MKR).
“Render, Aave, and Maker are the three most notable altcoins that have seen an increase in address activity in recent days amidst the many increases in market cap. Historically, an increase in the number of wallets interacting on networks is a sign of future bullish behavior.”
Source: Santiment/X
Render is trading at $6.39 at the time of writing, up slightly over the past seven days. Meanwhile, Aave is trading at $103.45 at the time of writing, up over 23% over the past week, and Maker is trading at $2,912, up over 28% over the past seven days.
Then, Santiment notice mentions of XRP and Litecoin (LTC) on social media platforms are skyrocketing, indicating that a price rebound could be imminent.
“As cryptocurrencies continue their incredible rally across the market, keep a close eye on Litecoin and XRP, two cryptocurrencies that are experiencing high levels of FOMO (fear of missing out). These cryptocurrencies may continue to rise, but the euphoria of the crowd towards these assets could make them high-risk, high-reward investments this week.”
Source: Santiment/X
At the time of writing, Litecoin is trading at $72.26, up 2.4% over the past 24 hours. Meanwhile, XRP is trading at $0.56 at the time of writing, up nearly 7% on the day.
Then, Santiment said that Bitcoin (Bitcoin) is the most talked about digital asset after its sudden price surge on Monday, indicating more upside potential. The company also claims that Solana (GROUND)-memecoin based on Popcat (POPCAT) could go parabolic based on online discussions.
“Bitcoin sentiment showed signs of greed and FOMO after rising +8.7% [Sunday and Monday]. The comments are 49% positive, 21% neutral and 30% negative for the cryptocurrency with the largest market cap. Also keep an eye on Popcat, a booming cryptocurrency that is attracting serious interest from traders.
Source: Santiment/X
At the time of writing, Bitcoin is trading at $63,481, up slightly over the past 24 hours. Poppet is trading at $0.81 at the time of writing, up 8.2% on the day.
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