Altcoins
Render (RNDR), Aave, and another Ethereum-based altcoin show significant growth in address activity: Santiment
Three Ethereum (ETH) are seeing a huge increase in network activity, according to blockchain analytics platform Santiment.
Holiness He says that addressing activity is increasing 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 increased address activity over the past two days, amidst numerous increases in market cap. Historically, increased levels of wallets interacting on networks are 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.
Next up is Santiment notices the mentions of Exchange rate risk and Litecoin (LTC) on social media platforms are soaring, indicating that a price rebound may be imminent.
“As cryptocurrencies continue their incredible market-wide rebounds, keep an eye on Litecoin and XRP, a pair of coins that are experiencing high levels of FOMO (fear of missing out). These coins may continue to rise, but the crowd’s euphoria towards these assets could make them high-risk, high-reward investments this week.”
Source: Santiment/X
Litecoin is trading at $72.26 at the time of writing, 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.
Next up is Santiment He says that Bitcoin (BTC) is the most talked about digital asset after its sudden price increase on Monday, indicating a greater upside potential. The firm also says that Solana (SOL)-based on the memecoin Popcat (Pop cat) could grow dramatically based on online chatter.
“Bitcoin sentiment showed signs of greed and FOMO after an 8.7% surge [Sunday and Monday]. Comments are 49% positive, 21% neutral, and 30% negative for the cryptocurrency with the highest market cap. Also keep an eye on Popcat, based on Solana, a rising memecoin that is receiving serious interest from traders.”
Source: Santiment/X
Bitcoin is trading at $63,481 at the time of writing, 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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