Cryptocurrency data analysis company Santiment, in its latest report, has three in altcoin reported that there was activity in wallet address activity and awakening of dormant wallets.
According to Santiment analysts YFI, Ren (REN) and UniSwap (UNI) There is an increase in the on-chain activities of altcoins.
Santiment Analysts Draw Attention to Three Altcoins
Analysts used the following statements in their reports:
“The events following a short-term depression have increased network activity quite impressively. See the graphic structure below. Here is just one example, YFI:
For example, REN:
The REN is not recovering very strongly due to its complicated financial situation.
As it is known, Ren was acquired by Alameda Research, which is now in a state of collapse. After the collapse of Alameda, the Ren developers stated that they could only continue their operations with the financial resources available until the end of the year.
The developers later announced that they would have to end Ren’s activities. Then, work began to establish the Ren 2.0 ecosystem. According to the latest information, the REN community is currently running a community-owned Ren Foundation and a vote on 200 million token issuance to fund this foundation.
UNI:
UNI experienced strong growth right after the announcement of the NFT market. But still, we can see that it is growing strongly even when compared to the NFT related pump.
*Not investment advice.
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