The decline in Bitcoin’s market value has led investors to alternative cryptocurrencies. According to data shared by Santiment, metaverse projects The Sandbox (SAND), Stellar (XLM), which aims to reshape the financial infrastructure, and Ethereum, the giant name of the decentralized finance (DeFi) world, are among the altcoins that attract the most attention among investors. Social media discussions reveal optimistic expectations for the long-term potential of these projects.
Bitcoin Falls and Altcoin Interest Increases
According to Santiment’s social sentiment analysis, while Bitcoin’s price fell below $93,000, investors continued to show interest in altcoins in particular. With the decline in Bitcoin, investors turned to projects such as SAND, XLM and Ethereum in search of new opportunities.
Looking at the discussions on social media platforms, it seems that investors have more positive expectations about the future of these altcoins. In particular, projects that are less affected by market cycles and have broad usage areas attract more attention during this period.
Will The Sandbox (SAND) Rise Again?$SAND
SAND (The Sandbox) stands out as one of the pioneers of metaverse projects. According to Santiment’s analysis, trust in metaverse tokens has increased significantly recently. Sandbox attracts investors’ attention not only as a gaming ecosystem but also as a platform that makes it possible to make virtual property investments.
As the Metaverse begins to gain an important place not only in the cryptocurrency world but also in the strategies of major technology companies, the popularity of SAND and similar projects is increasing. Analysis shows that SAND’s social media interactions and market performance indicate an increase among investors.
What Does Stellar (XLM) Offer to Its Investors?$XLM
Stellar is gaining a lot of traction in certain markets, especially South Korea. The intense interest from Korean investors has both increased the price of XLM and caused it to be talked about more on social media.
The main advantages of XLM are that it offers decentralized solutions in the financial system and provides fast transfers at low costs. These features create a great attraction especially for users and institutions who want to make international transactions.
Ethereum (ETH) Continues to Prove Its Greatness$ETH
Ethereum continues to attract investors with its wide range of uses in decentralized finance (DeFi) and NFT spaces. According to Santiment’s data, discussions on social media platforms regarding Ethereum contain more optimism compared to other major altcoins.
The stability of Ethereum’s price and the energy efficiency provided by the 2.0 update have increased investor confidence. In addition, DeFi projects and NFT markets built on Ethereum make it one of the cornerstones of the crypto ecosystem.
Market-wide, crypto liquidations exceeded $518 million in the past 24 hours. While most of these liquidations were concentrated in altcoins, some investors believe these moves could be the start of a larger altcoin season.
Names like crypto analyst “Moustache” predict that the altcoin market has not yet fully heated up and that the real rise will occur in the future. In addition, some investors are taking a more cautious approach, stating that it is difficult to predict market movements.
Although the decline in Bitcoin has led investors to alternative projects, uncertainty in market conditions continues. The interest in projects such as SAND, XLM and Ethereum on social media and in the market increases expectations of an altcoin season among investors.
However, investors’ careful evaluation of market data and social analysis can provide a strategic advantage in this process. Although overshadowed by Bitcoin, altcoins continue to offer significant opportunities for the future of the crypto market.