Santiment shared important details for three altcoins today. Accordingly, he stated which cryptocurrencies Bitcoin and Ethereum profits flowed into.
Bitcoin and altcoin Ethereum evaluation from Santiment
Santiment explains whether next week’s cryptocurrency market is still linked to the stock market. According to the post, the S&P 500 index had a big week after cryptocurrency market leaders Bitcoin (BTC) and altcoin Ethereum (ETH) cooled off.
The S&P 500 index has risen more than 6% in the last 4 days. On the other hand, leading cryptocurrencies remained flat. Therefore, next week will reveal whether the digital asset sector can finally break away from its bond with the stock market. According to Santiment, if cryptocurrencies can establish their independence, they could enter the next bull cycle.
Levels in Bitcoin and Ethereum
At the time of writing, data from cryptocurrency market tracking site CoinMarketCap showed that both ETH and BTC had made 24-hour gains. BTC is changing hands at $34,773 after its price increased by 1.68%. Meanwhile, the largest altcoin by market cap recorded a 24-hour gain of 2.03%. As a result, it increased its price to $1,835.44.
Their positive performance in the last 24 hours has also pushed their respective weekly performances deep into the green zone. CoinMarketCap data revealed that BTC increased by 2.30% in the last 7 days. Altcoin ETH increased by 2.55% in the same period.
Profits have flowed into these 3 cryptocurrency projects
Meanwhile, the increases seen in the cryptocurrency market, especially in the last month, also brought profits. Accordingly, as a result of profit taking, money has also flowed into new cryptocurrencies. At this point, Santiment has identified relevant altcoin projects. According to Santiment, this situation also indicates a significant money flow in the market.
According to Santiment, there is an important evaluation for altcoin projects. Accordingly, altcoin projects are now making up for the negative time spent in the bear market. Accordingly, Santiment thinks that Bitcoin is resting below 35 thousand dollars. Therefore, while it is in the resting phase, profits also flow into the 3 altcoin projects. These altcoin projects are SNT, SUSHI and BLZ. Among the relevant altcoins, SNT has increased by 108% in the last seven days. cryptokoin.com When we look at it, SUSHI has made a significant increase of 82% in the last seven years. Finally, BLZ has increased by 39% in the last seven days.
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