According to the statement made by the cryptocurrency analysis company Santiment, sudden rising waves were observed in the network activities of some altcoins during the recent rally in Bitcoin.
According to Santiment analysts, while there was a rally in BTC, there was a silent rise in the networks of some medium-sized cryptocurrencies. Analysts identify these altcoins as Axie Infinity (AXS), Decentraland (MANA), Fantom (FTM), Injective (INJ), Polygon (MATIC), DAI, Pepe (PEPE), Powerledger (POWR), Quant (QNT) and SingularityNET (AGIX). listed as.
Analysts reported that the daily number of new cryptocurrency wallets created on the networks of these altcoins has peaked.
During the recent rally, BTC price climbed above $35,000 as rumors grew that BlackRock's spot Bitcoin ETF would be approved. Today, BTC made another attack and managed to exceed $ 35,000. BTC is trading at $34,594 at the time of writing this article.
With its latest rise, the Bitcoin price has reached its highest level since May 2022.
The deadline for the SEC to decide on spot BTC ETFs is January 10, 2024. It has been rumored for a long time that the institution plans to offer equal conditions to all applicants by accepting all applications collectively, not a single application.
*This is not investment advice.