Shiba

Solana

Aptos

DeFi

Shiba Inu

On Oct. 8, the on-chain analytics provider highlighted several crypto projects and altcoins that have seen major boosts in whale transactions in the past week compared to the previous week’s activity. 
It added that coins that have been dropping in value that suddenly see massive whale spikes “are prime candidates for upcoming bounces.” 
Cronos (CRO) is the leader in whale activity for the week with 255%, it noted. However, CRO prices are down 7% over the past week, falling 2.7% on the day to $0.078. 
<h2 id="when-altseason">When Altseason?</h2> 
Santiment reported that DeFi lending protocol Aave was also high for whale activity over the past week. But again, its native token AAVE has dropped 8% over the past week and was down 3.7% on the day, trading at $146, according to CoinGecko. 
With this in mind, the spot price increases for these tokens may be somewhat delayed. 
<blockquote class="twitter-tweet"> 
 Keep an eye on the following crypto projects seeing major boosts in whale transactions in the past week (compared to their whale activity the prior week): 
 1) <a href="https://twitter.com/cronos_chain?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">@cronos_chain</a> <a href="https://twitter.com/search?q=%24CRO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">$CRO</a> +255% 2) <a href="https://twitter.com/aave?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">@aave</a> <a href="https://twitter.com/search?q=%24AAVE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">$AAVE</a> (On Optimism) +100% 3) <a href="https://twitter.com/ethena_labs?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">@ethena_labs</a> <a href="https://twitter.com/search?q=%24USDe&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">$USDe</a> +82% 4) <a href="https://twitter.com/MakerDAO?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">@makerdao</a> <a href="https://twitter.com/search?q=%24DAI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">$DAI</a>… <a href="https://t.co/LvxNRJVZmF" data-wpel-link="external" target="_blank">pic.twitter.com/LvxNRJVZmF</a> 
 — Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1843350127265677347?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">October 7, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
The calls for altseason continue to ring out across crypto social media as Bitcoin has repeatedly failed to break resistance multiple times over the past few months. 
On Oct. 8, crypto trader&nbsp;Laxman&nbsp;<a href="https://x.com/Theblockvlog/status/1843482029721092274" target="_blank" rel="noopener" data-wpel-link="external">said</a> that this was unlikely to happen until BTC made a new all-time high above $74,000 and its market dominance started&nbsp;to fall. 
According to Tradingview, BTC’s dominance is currently just over 58%, nearing its highest level since April 2021. 
However, ‘CryptoYoddha’ published a chart on Tradingview depicting an increase in altcoin market capitalization, which could be a precursor to altseason. 
<blockquote class="twitter-tweet"> 
 <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">#Altcoins</a> 
 Good times ahead <a href="https://t.co/4d71jY9VyW" data-wpel-link="external" target="_blank">pic.twitter.com/4d71jY9VyW</a> 
 — Yoddha (@CryptoYoddha) <a href="https://twitter.com/CryptoYoddha/status/1843400862565351587?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">October 7, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h2 id="crypto-market-outlook">Crypto Market Outlook</h2> 
While the altcoins Santiment highlighted are moving in the wrong direction today, some are bucking the market trend and making gains. 
These include Sui (SUI), which surged 10% on the day to reach $2.10, just 3% away from its March all-time high. SUI has gained a whopping 127% over the past month, primarily driven by memecoin degens minting on the network. 
Fantom (FTM) is also doing well today, with a 4% gain to close in on $0.70, while Aptos (APT) and Tron (TRX) are also in the green. 
However, total market capitalization has declined by 2.8% on the day to $2.28 trillion at the time of writing, leaving most altcoins in the red, with larger losses for Solana (SOL), Dogecoin (DOGE), and Shiba Inu (SHIB). 
The post <a href="https://cryptopotato.com/check-out-which-altcoins-might-explode-soon-according-to-analysts-at-santiment/" rel="nofollow">Check Out Which Altcoins Might Explode Soon According to Analysts at Santiment</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

Check Out Which Altcoins Might Explode Soon According to Analysts at Santiment

Table of Contents

CryptoPotato_News

Other articles published on Oct 8, 2024

SUI Price Pumps, But Will VCs Dump On You? Analyst Weighs In

Hong Kong SFC to license nearly a dozen crypto platforms by year-end

Crypto Losses in 2024 Soar to $2.11 Billion, Surpassing 2023’s Annual Total: Report

Binance Introduces Exclusive Pre-Market Trading for Launchpool Tokens

Crypto 'Supercycle Can Start Any Day,' SHIB Team Tells Community, Here's Catch

Nick Szabo, Len Sassaman, or Someone Else: Who is the Real Satoshi Nakamoto?

Join our free newsletter for daily crypto updates!