Crypto analytics firm Santiment has highlighted a surge in network activity among ten specific altcoins during the recent Bitcoin bull run.
Altcoins on the Rise
In a recent post, crypto analytics firm Santiment highlighted a surge in network activity among ten specific altcoins during the recent Bitcoin bull run. Analysts report that the number of new daily crypto wallets created on these altcoins has reached its peak.
The blockchain intelligence firm Santiment has been closely monitoring the network activity of a range of altcoins in the midst of the Bitcoin and Ethereum bull runs. Recently, they have identified significant spikes in the network activity of specific mid-sized cryptocurrencies.
Although Santiment has mentioned the name, these altcoins identified by Santiment as having increasing network activity are Axie Infinity (AXS), Decentraland (MANA), Fantom (FTM), Injective (INJ), Polygon (MATIC), DAI, Pepe (PEPE), Powerledger (POWR), Quant (QNT), and SingularityNET (AGIX).
Network Activity Surges for Selected Altcoins
Santiment’s report highlights a key metric: the number of new daily cryptocurrency wallets created for these altcoins has surged to new heights. This data suggests increased interest and investment in these digital assets, with traders and investors seeking opportunities outside the more established BTC and ETH.
Meanwhile, Bitcoin and Ethereum have reached their highest price levels since May 2022; the crypto community is keeping a close eye on the next big winners among altcoins.
The surge in altcoin network activity indicates a growing trend toward diversification in the crypto market. Traders are exploring alternative assets that may provide unique investment opportunities and have the potential to outperform the larger cryptocurrencies in the near future.
Source: https://coinpedia.org/news/time-for-these-10-altcoins-to-shine-amid-btc-and-eths-price-surge-says-santiment/