Cryptocurrency investors have begun to receive signals of the long-awaited altcoin rally. The upward trend observed in many altcoins recently further strengthens this expectation. According to the information shared by the successful data provider Santiment, some altcoins such as UNI coin are rising faster than others and attracting the attention of investors.
What altcoins are on Santiment’s list other than UNI coin?
The list shared by Santiment on its official Twitter account includes altcoins that have differentiated from other crypto assets and experienced volatile increases in the last week. The cryptocurrency market has entered an upward trend in recent months, led by Bitcoin. Bitcoin’s rise has also affected altcoins, and many altcoins have experienced significant increases in value in recent weeks. According to the information shared by the successful data provider Santiment, some altcoins are rising faster than others and attracting the attention of investors.
The altcoins on Santiment’s list are as follows:
- Artificial Intelligence Projects: Artificial intelligence is one of the areas that has received the most investment in recent years. Developments in this area are triggering the rise of altcoins such as AGIX, AGI, DBC and XRP.
- NFT Projects: NFTs are tokens used to represent unique assets, such as digital artworks and collectibles. NFT projects such as ALI, TVK, UOS and FEAR have gained value with the recent NFT craze.
- DeFi Projects: DeFi stands for decentralized finance. Projects in this field offer alternatives to traditional financial systems. DeFi projects such as UNI, CVX, SUSHI and SPELL attract attention because they offer high returns to investors.
- ERC-20 Projects: ERC-20 is a standard for tokens running on the Ethereum blockchain. ERC-20 projects such as BLUR, WOO, JASMY and AIOZ are gaining value with the popularity of Ethereum and the expansion of its usage areas.
When will the altcoin rally begin?
While explosions occur in different altcoin groups every week, sudden declines in Bitcoin dominance are required for crypto assets to collectively experience sharp increases. Experts predict that altcoins will have more upside potential as Bitcoin’s dominance decreases. Investing in altcoins involves high risk. Therefore, it is important for investors to do detailed research before investing and make investments that suit their risk profiles.
Altcoins on Santiment’s list attract the attention of investors with their recent performance. With the expected decline in Bitcoin dominance, these altcoins are likely to rise further. It is important for investors to consider risks and make informed investments when investing in altcoins.
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