Santiment Draws Attention to These Five Altcoins Despite the Decline in Bitcoin!

It started the fourth quarter well and went up to $28,500 but couldn’t sustain it. Bitcoin It has fallen to the level of $ 27,500.

BTC outside altcoinWhile there is a decline in cryptocurrencies, some altcoins are showing a positive picture.

Stating that some altcoins stand out at this point centimeterthese Bitcoin Cash (BCH), Smooth Love Potion (SLP), Mask Network (MASK), Lever Finance (LEVER) and Civic (CVC) said that.

Pointing out that although the rise in Bitcoin and the market has cooled down, there has been a significant increase in the on-chain address activity of these altcoins, Santiment stated that the demand for these altcoins has increased.

“Although markets cooled for the 2nd consecutive day, several altcoins are seeing increases in the amount of unique addresses interacting across their networks.

These are BCH, LEVER, SLP, MASK and CVC. Watch out for these. In addition, the largest stablecoin in the cryptocurrency market is USDT and USDT volume continues to increase.”

Additionally, Santiment is the leading stablecoin Tether (USDT) He said there was a significant increase in demand. Increase in USDT volume is often seen as a sign of new capital flowing into the sector.

The increase in on-chain address activity is also generally interpreted as a clear indication that the popularity of the relevant altcoins is increasing among investors and that upward price breaks may occur.

📈 Despite markets cooling off for a 2nd consecutive day, several #altcoins are seeing rises in the amount of unique addresses interacting on their networks. Keep an eye on $BCH, $SLP, $MASK, $LEVER& $CVC. Also, #crypto‘s ball #stablecoin, $USDT. https://t.co/DDsQFKVCoz pic.twitter.com/x5vfwabMml

— Santiment (@santimentfeed) October 4, 2023

*This is not investment advice.