Bitcoin, which suffered sharp declines in recent weeks due to Mt.Gox refunds and sales by the German government, has begun to recover.
At this point, the strong stance taken by Donald Trump after he was attacked over the weekend triggered the rise in BTC and altcoins.
BTC, which rose after the Trump attack, exceeded $ 64,000. While there were increases in altcoins, popular on-chain data platform Santiment warned investors about XRP and Litecoin (LTC).
Stating that there is high FOMO in XRP and LTC, Santiment said that these two altcoins may continue to rise, but they pose a high risk for investors in the face of high FOMO.
“Keep a close eye on Litecoin and XRP, which are receiving high levels of FOMO as crypto continues its incredible market-wide recoveries.
“These coins may continue to rise, but the crowd's enthusiasm for these assets could turn them into high-risk, high-reward investments this week.”
Three Altcoins Give Bullish Signals!
Apart from Santiment XRP and LTC, altcoins named Render (RNDR), Aave (AAVE) and Maker (MKR) also decreased.
Drawing an upward chart for RNDR, AAVE and MKR, Santiment stated that there was an increase in address activity along with the price increase in these three altcoins.
“RNDR, AAVE, MKR have been the three most notable altcoins that have seen increased address activity over the past few days amid market cap gains. Historically, increasing levels of wallets interacting on networks is a sign of a future uptrend.”
*This is not investment advice.