Crypto analytics platform Santiment says Decentraland (MANA), Tezos (XTZ), and several other altcoins are leading the rally as the market shows strength.
“The past week has been a roller coaster ride for crypto. However, after BTC surged over the weekend, many altcoins benefited. MANA, LEO, XTZ, QNT and YOUC lead among the top cryptocurrencies.”
The source: Mood/Twitter
At the time of writing, Decentraland has rallied more than 40% from a seven-day low of $2.44 to a high of $3.47, while Tezos is up 65% over the same period. LEO, QNT, and YOUC were all up 47%, 56%, and 70%, respectively.
While all altcoins have rallied, Ethereum (ETH), the largest of them, is about to surpass the 50-day MA ($3,200). Santiment data shows that the number of active Ethereum addresses has risen to levels not seen since early December last year.
“On a busier than usual Saturday, Ethereum miners were delighted to see the king of altcoins reclaim $3,000 for the first time in over two weeks. The number of active ETH addresses has also reached a two-month high.”
The source: Mood/Twitter
Santiment also shows that tether whales or companies with more than 1 million USDT are in a steady uptrend.
“$1 million worth of Tether addresses is slowly increasing. For the first time, it accounted for more than 80% of the supply of USDT in three weeks. All in all, stablecoin whale addresses that increase their purchasing power bode well for the long-term future of cryptocurrencies.”
The source: Mood/Twitter
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