Santiment Put 4 Altcoins on the Table: Two of them Could Explode!

The cryptocurrency market is having difficulty maintaining its upward movements. While sellers consider these increases as sales opportunities, the power of buyers is not enough to move the market up. But new data from market intelligence platform Santiment shows that two overlooked altcoin projects are poised to soar. Santiment also shares his latest assessments of SHIB and LINK.

Santiment: The probability of a breakout is increasing for these 2 altcoins!

Due to the uncertainty in the market, investors and traders are currently being cautious. However, some opportunities have emerged. Ethereum Name Service (ENS) and decentralized NFT ecosystem Treasure (MAGIC) have shown significant network growth over the past 24 hours, according to crypto analytics firm Santiment. This increases the potential explosion chances of these projects. Santiment makes the following statement:

"Altcoins such as Ethereum Name Service and Treasure have surpassed major milestones with spikes in network growth recorded in the last 24 hours. Historically, when projects experience such spikes while maintaining stable price performance, the likelihood of a breakout increases."

Santiment's SHIB and LINK Reviews!$SHIB $LINK

Santiment also points out the popular meme coin Shiba Inu (SHIB). The analytics platform notes that SHIB differentiated itself from other altcoins over the weekend, driven by off-exchange crypto whales buying. “Shiba Inu experienced a mini divergence from other altcoins over the weekend, recording a modest 5% increase in the last 48 hours,” Santiment said. “The accumulation of off-exchange whales, combined with the shrinking of stock market whale wallets, may delight investors.” says.

Finally, Santiment also focuses on decentralized oracle provider Chainlink (LINK). The analytics firm states that following the waves of fear, uncertainty and doubt (FUD) around LINK, the altcoin is more likely to find a local bottom. Santiment said, “Chainlink's weak hands showed signs of giving up hope and mined coins at significant levels. “The $60 million loss recorded by LINK yesterday is indicative of significant trader FUD and raises the possibility of a local bottom.” He comments:

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