There was a new trend in the cryptocurrency market on Sunday, February 4, 2024. Because the preferences of smart money investors have shown a remarkable change. According to Nansen 2 data, ETH and BLUR coins received the most flows in 24 hours. This shows investors’ long-term confidence in ETH. It also reveals the desire to generate income. In this article, we will examine the trend of smart money flow towards ETH and aETH based on Nansen 2 data. What is smart money flow and what does this data mean for investors? Here are the details…
BLUR coin and others trended in the cryptocurrency market
According to data provided by Nansen 2, Sunday, February 4, 2024, was critical. Because smart money investors showed great interest in Ethereum (ETH) and BLUR. The preferences of investors in the cryptocurrency market on Sunday, February 4, 2024 signal a new trend. According to the data of the Nansen 2 platform, the tokens that received the most flows in the last 24 hours were Ethereum (ETH), Blur (BLUR), aETHLink (aETH), Render Token (RNDR) and Hashed Finance Token (HFT). This shows that investors’ interest in both popular altcoins and ETH continues.
ETH maintained its position as the token that received the most investment with a flow of $ 28,106,789 in the last 24 hours. This shows investors’ belief in ETH’s long-term potential. It also confirms the tendency to see it as a store of value. NFT marketplace Blur was another token that caught investors’ attention, with $1,263,695 flowing in the last 24 hours. Blur’s popularity can be attributed to increased interest in the NFT market and Blur’s advantages such as low transaction fees. aETH is the version of ETH on the Chainlink platform. aETH received $705,020 in flows in the last 24 hours, indicating investors’ interest in investing in ETH long-term and earning passive income through staking.
What happened to the other coins?
Other tokens such as RNDR, HFT, WETH, UNI, WLD and FLX also received significant flows in the last 24 hours. This shows that investors’ interest in different sectors and projects continues. Nansen 2 data shows that investors’ interest in ETH and staking platforms has increased, interest in the NFT market continues, and they are willing to invest in different sectors and projects. Smart money flow can help investors understand market trends and investors’ sentiments.
Smart money flow refers to investments made by experienced and knowledgeable investors in the cryptocurrency market. These investors make investment decisions using technical analysis, fundamental analysis and other tools. Tracking the flow of smart money can help investors understand market trends and investors’ sentiments.
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