Data from Santiment indicated that altcoins DOT, AVAX, and LDO saw some growth in their market caps. BTC’s social volume has been dropping, which could be an indication of a slight crowd greed bias in the market. BTC’s 0.23% decline in market dominance underscores Santiment’s statement that attention is shifting towards altcoins. The market intelligence platform Santiment shared in an X post today that altcoins like Polkadot (DOT), Avalanche (AVAX), and Lido DAO (LDO) have seen some growth in their market cap. According to the post, this could be due to the fact that the Bitcoin (BTC) price keeps looking to target $40K before 2024. #DOT #avax #DAO #LDOUSDT
dYdX (DYDX) dYdX, an Ethereum-based decentralized margin trading platform, is among the cryptocurrencies that will be unlocked this week.
Locked DYDXs, worth $482.5 million and corresponding to 15% of the total supply, are planned to be released on December 1.
ImmutableX (IMX) ImmutableX (IMX) is the first Layer-2 protocol and scaling solution for NFTs on the Ethereum blockchain network. Immutable, which will be unlocked within this month, has a total of 50.3 million dollars worth of locked assets. These assets, which are expected to be released on December 1, constitute 1.87% of the total supply.
Optimism (OP) Ethereum's Layer-2 scaling solution Optimism is among the assets that will be unlocked in November. Optimism, which has $41.5 million in locked assets, is planned to unlock its assets on November 30. In this context, tokens corresponding to 0.56% of the total supply will be released.
Sui (SUI) Aiming to offer scalability and low latency for simple use cases such as transfer of assets and payments, Sui is a permissionless Layer-1 smart contract network.
SUI, which has locked assets worth $ 40.9 million, plans to unlock these assets on December 3. These assets to be released correspond to 0.69% of the total supply.
1inch (1INCH) 1inch is a decentralized exchange that offers its users the best prices and lowest transaction fees by scanning other decentralized exchanges.
1INCH, the platform's native cryptocurrency, is among the assets that will be unlocked in December. These locked assets, worth $33.7 million, are scheduled to be released on December 1. These assets to be unlocked correspond to 6.58% of the total supply.
Hedera (HBAR) Hedera is a completely open source network and governance body designed to build and manage decentralized applications.
The platform currently has $11.1 million worth of HBAR tokens locked. These assets, scheduled to be released on December 1, constitute 0.36% of the total supply.
MicroStrategy founder Michael Saylor announced in her post on her Twitter account that MicroStrategy will purchase approximately 16,130 Bitcoins for approximately 593.3 million dollars in cash.
With this acquisition, the total amount of BTC held by the company increased to 174,530.