Altcoin projects have been on the rise over the past few weeks as profits flowed into large and mid-cap crypto assets. Three overlooked cryptocurrencies attract attention. Let’s look at the details.
Bitcoin and altcoins increased
Bitcoin remained stable around $35 thousand. Accordingly, altcoins continue to rise, making up for the time lost due to inflation and the bear market. Crypto analysis platform Santiment has released data showing that altcoin projects are on the rise as profits made over the past few weeks are directed towards large and medium-sized crypto assets.
According to data provided by Santiment on November 4, over the past few weeks altcoin profits have been consistently channeled into large- and mid-cap assets such as SNT, SUSHI, and BLZ. Moreover, SNT has gained 108% in the last seven days. Additionally, SUSHI and BLZ experienced an increase of 82% and 39% respectively.
BTC profits flowed into altcoins
Earlier this week, the Bitcoin price exceeded $35,000 but could not maintain its price. Over the past few days, BTC price has been stuck between $34,000 and $35,000. It has also sparked speculation in the crypto world. Investors and traders are looking at rumors of BTC profits being rolled into Altcoins. They are also watching the BTC price with curiosity as it has created a frenzy in the crypto world following the rapid rise of altcoins.
Altcoin NEO price is rising
Altcoin NEO token witnessed a significant increase of 22.17% in the last twenty-four hours. It also reached $11.39 today. NEO price continues to rise gradually, with a weekly increase of 22.20%. The recent price increase revolving around NEO seems to be in line with the recent launch of numerous NFT projects on N3, a new version of the NEO protocol.
THORChain (RUNE) price increased
Altcoin RUNE price increased by 18.05% in the last twenty-four hours. Currently, the token is trading at $3.47, up a total of 37.38% in the last seven days. The constant price increase in the price of RUNE attracts attention. This may be due to the recent introduction of a new THORChain lending protocol. Additionally, earlier this year the firm also announced plans to enter into a strategic partnership with Binance.
Oasis Network (ROSE) price increased
cryptokoin.com When we look at it, the altcoin ROSE price increased by 15.94% in the last twenty-four hours. Accordingly, it reached $0.0673. The token has made significant gains over the past week, rising 30.48% in total. The rising price aligns with data from Santiment that recently revealed Oasis Network’s social dominance and steady growth over the past month.
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