The cryptocurrency market has been very active lately and new trends are emerging every day. According to the latest report by cryptocurrency analysis company Santiment, the most striking of these trends is the altcoin named Ondo (ONDO coin).
Why is ONDO coin in the spotlight?
Ondo is an altcoin project that aims to bring real-world assets (RWA) into the cryptocurrency world. It aims to provide easier access to investors, especially by tokenizing US bonds. According to Santiment analysts, it is a remarkable development that ONDO has experienced a 70% rise in recent days, making it the most trending altcoin in the crypto market. The most important factor behind this rise is shown to be increased investor interest.
According to Santiment’s data, while the number of wallets hosting the ONDO token was 5,110 on February 26, this number has increased to 33,225 as of today. This indicates a 550% increase in the number of wallets. It can be seen that the price of the altcoin also increased in the same time period. Ondo’s increasing popularity and investor interest also attracts the attention of cryptocurrency exchanges. Interestingly, although Binance has not yet listed ONDO, Coinbase has gone ahead of Binance in this regard and added the altcoin to its platform. Other major exchanges such as Bybit, Kraken and Kucoin are also among the exchanges that list ONDO.
Chiliz is on the agenda with its rise
In other news, Santiment mentioned Chiliz (CHZ) in his latest X post. CHZ saw its highest levels in the last 6 weeks. Thus, it became the most rising topic in the “cryptocurrency” field. According to Santiment, whale addresses with at least 10 million tokens have taken action. Because these addresses added 42 million CHZ to their wallets in the last 30 days. Thus, with the increase in volume, Santiment points to the potential for an increase in prices.
What’s in developer focus at BNB Chain?
Santiment shares not only trending altcoins but also altcoins with high developer interest. Analysts list the altcoins and developer scores that have attracted the most developer interest on BNB Chain in the last 30 days as follows:
- Bitcoin BEP2 (BTCB) – 112.73
- Dusk (DUSK) – 42.73
- Flux (FLUX) – 22.6
- Trust Wallet Token (TWT) – 22.1
- Beefy.Finance (BIFI) – 20.23
- Zigcoin (ZIG) – 16.27
- ApeSwap Finance (BANANA) – 15.1
- Saito (SAITO) – 11.27
- TokenPocket (TPT) – 8.43
- 0x (ZRX) – 4.07
As can be seen, various altcoins stand out in BNB Chain, just like in the general market. Investors and developers can examine these projects and discover altcoins that have potential in the future. As a result, Ondo has managed to become one of the most trending altcoins in the crypto market with its 70% rise in recent days. Chiliz is the same way. However, as with any investor, the information contained in this article should not be interpreted as investment advice. It is important for investors to make investment decisions by doing their own research and considering their risks.
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