Three Ethereum (ETH)-based altcoin projects are seeing a massive increase in network activity, according to blockchain analytics platform Santiment.
Santiment says that the address activity is on the rise for Render (RNDR), the graphics processing unit (GPU) rendering blockchain, Aave (AAVE), a money market protocol, and decentralized finance (DeFi) protocol Maker (MKR).
“Render, Aave and Maker are the three most notable altcoins seeing address activity rises the past couple of days amongst the many market cap rises. Historically, rising levels of wallets interacting on networks is a sign of future bullish behavior.”
Render is trading for $6.39 at time of writing, up slightly in the last seven days. Meanwhile, Aave is trading for $103.45 at time of writing, up more than 23% in the last week and Maker is trading for $2,912, up more than 28% in the last seven days.
Next up, Santiment notices the mentions of XRP and Litecoin (LTC) on social media platforms are soaring, indicating a price bounce could be imminent.
“As crypto continues its amazing market-wide rebounds, keep a close eye on Litecoin and XRP, a couple coins getting high levels of FOMO (fear of missing out). These coins can continue to rise, but the crowd’s euphoria toward these assets could make them high risk, high reward investments this week.”
Litecoin is trading for $72.26 at time of writing, up 2.4% in the last 24 hours. Meanwhile, XRP is trading for $0.56 at time of writing, up nearly 7% on the day.
Next up, Santiment says that Bitcoin (BTC) is the top discussed digital asset after its sudden price surge on Monday, indicating more upside potential. The firm also says Solana (SOL)-based memecoin Popcat (POPCAT) could go parabolic based on online chatter.
“Bitcoin’s sentiment has shown greed and FOMO signs following a +8.7% surge [Sunday and Monday]. Comments are 49% positive, 21% neutral, and 30% negative for crypto’s top market cap coin. Also keep an eye on Solana-based Popcat, a rising memecoin gaining serious trader interest.”
Bitcoin is trading for $63,481 at time of writing, up slightly in the last 24 hours. Poppet is trading for $0.81 at time of writing, up 8.2% on the day.
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The post Render (RNDR), Aave and One More Ethereum-Based Altcoin Showing Notable Address Activity Growth: Santiment appeared first on The Daily Hodl.
