Crypto NewsAltcoinSantiment Explained: "While Everyone Focuses on Solana and Cardano, These Four Altcoins...

Santiment Explained: “While Everyone Focuses on Solana and Cardano, These Four Altcoins Have a Bullish Signal”

According to the statements of cryptocurrency analysis company Santiment, four stand out as the altcoin market continues to rise.

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According to the latest data published by cryptocurrency analysis company Santiment researchers, there was a rising wave in altcoins in general, especially with ADA above $ 0.65 and Solana above $ 100.

However, in addition to the rises in these altcoins, analysts drew attention to the altcoins Ethereum (ETH), Shiba Inu (SHIB), (FET) and Dent (DENT). According to analysts, these four have all seen large outflows from the wallets of the top 10 cryptocurrency exchanges.

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According to Santiment analysts, the outflows for these altcoins from exchange wallets in the last three months constitute a long-term bull signal.

According to the data, there was an outflow of $778.7 million worth of Ethereum from the largest exchange wallets, representing a 4.3% decrease in the total amount.

On the other hand, there was an outflow of 54.6 million dollars for Shiba Inu. Although this is lower than Ethereum, it still looks impressive.

Fetch.Ai, which has a relatively small market capitalization, experienced the largest outflow of 26.1% at $48.2 million.

On the Dent side, there was an outflow of $ 867.5, which means a 1.5% decrease.

*This is not investment advice.

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