The cryptocurrency market constantly fluctuates with its dynamic structure. One of the factors directing these movements is the investor movements called “Smart Money”. According to the latest data, smart money has flowed into cryptos like BLUR coin, xSUSHI. Here are the details…
Watch out for BLUR coin and others: It’s on the smart money’s list
As the cryptocurrency market continues to fluctuate, investors are keeping an eye on the movements of so-called “Smart Money” investors. According to Nansen 2 data on February 17, there were interesting movements in the Smart Money list, which tracks 24-hour fund flows on the Ethereum network. According to Nansen 2 data on February 17, there were interesting movements in the Smart Money list, which tracks 24-hour fund flows on the Ethereum network.
At the top of the list is Ethereum (ETH). With an inflow of $11.5 million, ETH reflects confidence in the stability of the network and the expansion of its usage areas. This situation can create an environment of trust throughout the market. In second place is the NFT platform Blur (BLUR). The fund inflow of $5.4 million demonstrates the high interest of investors in the potential of this platform.
What were the other coins that attracted attention?
SushiSwap’s xSUSHI token ranks third with an entry of $1.2 million. This signals continued interest in the liquidity mining platform. Shiba Inu (SHIB), the crypto market’s popular meme coin, is in fourth place. The $592k inflow shows that SHIB is still popular with its investors. However, it should not be forgotten that these investments may be speculation-based.
The fact that DeFi and liquidity protocol tokens such as EMERALD, rsETH, cvxCRV are also included in the list reveals that the interest in these areas continues. In general, Smart Money’s actions can be interpreted as investing in innovation and expansion of use cases on the Ethereum network. Interest in new projects such as Blur has increased. Continuity in the DeFi space and solid trust in ETH can be considered positive signs for the market.
What to look for in smart money data?
However, it is important to keep these points in mind when following this list:
- Smart Money movements may affect the market in the short term, but fundamental factors play a more important role in the long term.
- Not every token with a high fund inflow means investment. Factors such as the technical infrastructure of the projects, usage situations and teams should also be evaluated.
As a result, the cryptocurrency market has always been an interesting area for investors with its fluctuating structure. According to Nansen 2 data on February 17, there were interesting developments in the Smart Money list. These developments have the potential to help us understand which tokens investors are interested in and make predictions for the future.
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