A few low-cap altcoins are quietly witnessing massive inflows after impressive returns on larger crypto assets.
3 altcoins specified by the firm
According to Santiment, the coin is now turning towards a handful of low-cap altcoins, after major altcoins saw price spikes in the first three weeks of January. Crypto analytics firm Santiment notes that Ribbon Finance (RBN), Smooth Love Potion (SLP), and Marlin (POND) have all seen increases in address activity.
In addition, the crypto analytics firm said in a statement:
“The money now seems to be turning into small big bucks, with big bucks like Solana, Cardano and Polkadot making impressive yield headlines in the first 3 weeks of January. Active addresses increased for CBG, MITX, MTH, TRADE, PLSPAD, RBN, SLP and POND.”
These altcoins are on the rise
Ribbon Finance, a suite of decentralized finance (DeFi) protocols aimed at helping users access crypto-built products, is trading at $0.261 at the time of this writing. The 194th-ranked crypto asset by market cap has increased by more than 29% in the past seven days.
Smooth Love Potion, a token used in the Axie Infinity (AXS) ecosystem to earn rewards and buy creatures in the online fighting game, is trading at $0.00288 at the time of this writing. The 240th-ranked crypto asset by market cap has increased by more than 9% over the past week.
Marlin, an open protocol that provides network infrastructure for decentralized internet and DeFi, is trading at $0.00959 at the time of writing. The 320th-ranked crypto-asset by market cap has increased by about 12% over the past week.
In terms of large-volume assets, Santiment notes that the two largest transactions in Bitcoin (BTC) since December occurred on January 5, just before the top coin began a surge from $16,800 to $23,000 last weekend. cryptocoin.com As we mentioned, BTC is trading at $22,979 at the time of writing.
Comments have been made about BTC
A widely followed crypto strategist is optimistic that Bitcoin (BTC) could rise by as much as double-digit percentage points from the current price. Crypto analyst Kaleo, nicknamed Kaleo, told his 558,300 Twitter followers that Bitcoin will quickly rally to $30,000 after surpassing the bearish trend that started in late November.
From the analyst’s predicted Bitcoin trajectory on the four-hour chart, it seems to suggest that the flagship digital asset could rise above the $30,000 resistance level sometime in February. In his statement he stated:
“I’m here to remind you once again that Bitcoin went straight from here to $30,000.”
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