These 3 altcoins are showing strength as the market corrects, according to Santiment

Cryptocurrency analysis company Santiment draws attention to a trio of altcoins.

Santiment reports that in addition to Ethereum, the crypto projects The Graph (GRT) and Sentivate (SNTVT) are very trendy in July.

Highlighting In the address activity of the diagram, Santiment points out that despite high activity, the deposit is low.

According to the company, this is “a good sign that prices can of course rise.”

Source: Mood

According to CoinGecko, the GRT has increased by almost 20% in the past week.

Another altcoin with healthy address activity at the deposit rate, according to Santiment, is the utility token ERC20 Sentivate (SNTVT), which at press time has a market capitalization of $ 25 million.

Source: Santiment

In general, altcoins have shown signs of a “revival” in the past few days, with Santiment saying ETH address activity increased on June 27, surpassing that of Bitcoin.

Santiment also warned that the DeFi Loan and Credit Protocol Compound (COMP) may have hit a local high with a market cap of $ 1.8 billion.

“Social spikes + foreign exchange deposits start to rise + NPLs rise. Perhaps Compound has now reached a local peak or at least a phase of consolidation. Especially when the inflow of deposits into the stock market is getting higher and higher. “

Source: Mood

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According to Dailyhodl

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