The cryptocurrency market is flooded with thousands of altcoins, making it challenging for investors to identify hidden gems that could potentially yield significant returns. However, a Santiment analyst has recently shed light on 6 overlooked altcoins that show promising network activity, indicating the potential for a rally. These coins may have flown under the radar, but their network metrics, including transaction volumes, network growth, and whale transactions, among others, have caught the attention of savvy investors. In this article, we will explore these altcoins and their potential for growth.
The Bancor Network (BNT)
One of the highlighted altcoins is the Bancor Network, a permissionless protocol catering to open-source DeFi projects. This network has experienced a notable rise in various metrics, such as transaction volumes, active addresses, network growth, and whale transactions. These positive indicators could potentially signal an upcoming surge in the price of BNT.
Cartesi Network, known for its Linux runtime infrastructure, has also displayed an increase in network metrics similar to Bancor. High transaction volumes, active addresses, whale transactions, and age destroyed are among the factors contributing to the potential rise of CTSI token. This altcoin holds promise for investors seeking hidden opportunities.
Holo (HOT)
Holo, operating on the Holochain, empowers Peer-to-Peer (P2P) applications. This altcoin has captured attention due to its whale transactions. The analysis from Santiment reveals a surge in whale accumulation among addresses holding between $100,000 and $1 million. Additionally, Holo has experienced high whale transactions, exchange inflows, and age destroyed. These factors create a recipe for potential growth opportunities.
Powerpool protocol, focusing on governance, follows a similar trend to Holo. Whale accumulation among addresses holding $100,000 to $1 million has been observed, indicating increased interest in this altcoin. High active addresses, network growth, and age destroyed add to the positive outlook of CVP. Investors should keep a close eye on this altcoin as it shows potential for significant price movements.
Storj (STORJ)
Storj aims to revolutionize storage services, providing organizations with cleaner storage solutions while reducing their carbon footprint and cloud storage costs. Although this altcoin has been flying under the radar, it has made it onto the list of overlooked gems. With high transaction volumes, active addresses, network growth, whale accumulation, and age destroyed, Storj shows promise for substantial future growth.
Unilend is a protocol that consolidates all decentralized finance (DeFi) trading into one accessible platform through smart contracts. This altcoin’s recent surge in activity has placed it on the list of promising altcoins. High transaction volumes, active addresses, network growth, whale transactions, and whale accumulation between $100,000 and $1 million contribute to the potential upside of UFT.
While these altcoins have shown significant growth in their network activities, it is essential to approach them with caution. The Santiment analyst warns that four out of the six highlighted projects may be experiencing increased network activity as a result of a price pump. Therefore, investors must conduct thorough research and exercise due diligence before making any investment decisions. By keeping an eye on these overlooked altcoins with promising network activity, investors may uncover potential opportunities for substantial returns in the ever-evolving cryptocurrency market.
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