Crypto analysis firm Santiment says Decentraland (MANA), Tezos (XTZ) and a few other altcoin projects are leading the rally as markets are taking a big leap forward. As Kriptokoin.com, we have compiled the details for you, let’s examine the subject together…
Santiment: These 5 altcoins are leading the market rise!
Scanning the markets for price movements, Santiment points out that apart from Decentraland and Tezos, the top-performing cryptocurrencies are Bitfinex’s utility token (LEO), interoperable Blockchain Quant (QNT), and micropayment-focused Blockchain YOUCash (YOUC). Santiment adds the following to his explanations on the subject:
The past week has been a roller coaster for crypto prices. However, weekly returns on assets are now mostly a sea of green, after BTC rallied market-wide prices after a rally to end the week. MANA, LEO, XTZ, QNT and YOUC took the lead among top cryptocurrencies.
Santiment also commented on the ETH market and whale movements
Decentraland rallied 30%, while Tezos recorded a 17% gain in the same timeframe. LEO, QNT and YOUC rallied 47%, 56% and 70% respectively. Santiment’s data shows that the amount of active Ethereum addresses has risen to levels not seen since early December last year. Santiment adds the following to his explanations on the subject:
A more eventful day than ever before… Ethereum holders were delighted to see the asset regain the $3,000 threshold for the first time in 2 weeks. The amount of unique ETH addresses transacting also hit a two-month high.
Santiment also notes that Tether whales are in a steady upward trend. Santiment adds the following to his explanations on the subject:
Tether’s $1M addresses are on the verge of returning, owning more than 80% of USDT’s supply for the first time in three weeks. Overall, whale stablecoins are geared towards increasing their purchasing power, which bodes well for the long-term future of crypto.
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