cryptocurrency analysis company Santiment, in its latest statement, stated that the partial recovery experienced in recent days altcoin drew attention.
During the short-term rally, the Bitcoin price suddenly managed to rise above $ 28,000, and a significant part of the altcoins followed BTC and rose partially.
Analysts from Santiment stated in their statements that they observed a very high level of profit-taking activity, especially in three altcoin networks, during this partial altcoin rise.
According to analysts Aave(AAVE), Cardano(ADA) And Curve Finance (CRV) altcoins saw the ratio of profit-making daily onchain transaction volume to loss-making daily onchain transaction volume skyrocket during this short-term rise.
According to Santiment analysts, cryptocurrencies, where users have a higher profit margin in case of an increase, are candidates to experience high volatility in both directions in the coming period. Analysts argued that these three altcoins may exhibit different movements from the general market in the coming period.
*This is not investment advice.
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