Axie Infinity (AXS), Monero (XMR) and four more altcoins appear poised to rally, according to data from analytics firm Santiment. The company is also examining DeFi altcoins and highlights some of them. cryptocoin.com We have compiled the details for you, let’s examine the subject together…
Santiment: AXS and these 5 altcoins offer opportunities!
Alongside AXS and XMR, the firm highlights decentralized application (DApp) platform Quantum (QTUM), Web3-focused project Ankr, Solana-based liquidity provider Raydium (RAY), and XRP rival DigiByte (DGB). Santiment adds the following to his explanations on the subject:
There are at least a few cryptocurrencies that have been heavily exposed by bearish traders at any given moment. Our latest analysis highlights negative funding rates of XMR, AXS, QTUM, ANKR, RAY and DGB for potential opportunities.
Santiment: These 3 DeFi altcoins look bullish!
A short-term squeeze occurs when the market goes into excessive shorts, followed by an unexpected price spike that causes a chain reaction of liquidations and thus a strong rally. According to the firm, investors experiencing a drop in Monero make themselves vulnerable to such a scenario.
Santiment also says that the decentralized financial sector appears poised for healthy growth this new year. The firm identifies three of the most bullish-looking DeFi cryptocurrencies that are showing strength while most of the market is trading sideways. Santiment adds the following to his explanations on the subject:
DeFi assets are showing some nice signs of growth as we head into 2022. YFI (Yearn.Finance), UNI and AAVE are progressing nicely so far.
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