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E ono Ethereum-Based Altcoins ma lua Low-Cap Crypto Assets Emo Bullish On-Chain Signal: Santiment
Crypto analytics firm Santiment says that the prices of eight altcoins are showing signs of moving higher.
Santliness Fai mai that the supplies of the Ethereum (ETH)-based native tokens of decentralized exchanges SushiSwap (SUSHI) and Injective Protocol (INJ), decentralized finance platform CurveDAO (CRV) and cross-chain protocol Biconomy (FAI) are falling on exchanges as the assets are moved into self-custody.
The native tokens of decentralized finance platform Reef Finance (A'AU) and delegated proof of stake blockchain Aelf (ELF) are also among the “biggest 2023 swaps from exchanges to cold wallets,” according to Santiment.
On what it indicates, the crypto analytics says,
“Historically, these kinds of major waves off exchanges are good for future prices.”
Punavai: Santiment/XTurning to Ethereum-based synthetic assets platform Linear Finance (FUA) and the Ethereum-based virtual reality platform Decentraland (MANA), Manatu Fai mai that the number of transactions of the two crypto assets by whales has hit a three-month high.
“Linear and Decentraland have had fairly unassuming price performances in 2023. But they have highlighted an uptick in altcoin whale transactions that are showing on Santiment’s dashboards to start the week.”
Punavai: Santiment/XO le kamupani au'ili'ili fo'i Fai mai that the levels of Bitcoin (BTC) discussion on social media platforms, or the social dominance, has fallen to a three-month low as traders get “distracted by other assets.” According to Santiment, the fall in Bitcoin’s social dominance at a time when altcoins are seeing “surges in chats” is an indication of “market greed.”
Punavai: Santiment/X Aua le misia se Pa'u - lesitala ia maua fa'amatalaga imeli e tu'u sa'o i lau pusa melisiaki Faatinoga tau
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Le pou E ono Ethereum-Based Altcoins ma lua Low-Cap Crypto Assets Emo Bullish On-Chain Signal: Santiment faʻaalia muamua Le Aso Taʻitasi Hodl.
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