Altcoins have been catching the attention of cryptocurrency investors, with Santiment, a blockchain analytics platform, tweeting about several big transactions on their respective networks.
According to Santiment, MATIC and FET have seen transactions valued at over $40 million, which are among the biggest of the year for their respective networks.
MATIC, the native token of the Polygon network, has been gaining popularity among investors due to its lower transaction fees and faster processing times compared to Ethereum. FET, on the other hand, is the native token of Fetch.ai, a decentralized platform that utilizes machine learning and artificial intelligence for blockchain-based solutions.
Aside from MATIC and FET, Santiment also advised investors to watch out for several other altcoins, including MANA, DIA, IMX, and SAND, after their recent whale moves. These moves refer to large transactions made by big investors, or whales, which can signal potential price movements or significant developments in the project.
MANA, the native token of the virtual reality platform Decentraland, has been performing well in the market, with its price steadily increasing over the past few weeks. DIA, the native token of the decentralized data platform DIA, has also been showing promising signs, with its price up by over 60% in the past month.
IMX, the native token of the Immutable X platform, has also been making headlines recently, with its launch on the Ethereum mainnet and its integration with major NFT marketplace OpenSea. Meanwhile, SAND, the native token of the virtual gaming platform The Sandbox, has been gaining traction among gamers and investors due to its potential in the growing metaverse industry.
As with any investment, it’s essential to exercise caution and conduct thorough research before investing in altcoins. While whale moves can provide valuable insights into market sentiment, they don’t guarantee a positive outcome. However, the recent activity in altcoins signals a growing interest in the cryptocurrency market, with investors eyeing potential gains in promising projects.
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This article was republished from azcoinnews.com