A top-50 altcoin by market cap could be on the verge of an upside move, according to blockchain analytics platform Santiment.
The analytics platform says that the native token of smart contract-enabled blockchain Aptos (APT) could reach “another higher high” after partnering with software maker Microsoft on artificial intelligence (AI) and web3 projects.
“Aptos has decoupled after its partnership with Microsoft was announced to build AI tools for blockchain integrations. The crowd showed major FOMO (fear of missing out) but has calmed down. However, rising volume and developer activity may foreshadow another higher high.”
Aptos is trading at $7.12 at time of writing, up by over 7% in seven days.
Santiment also says that Shiba Inu (SHIB) is performing relatively better compared to other mid and low-cap altcoins as traders increasingly turn their attention to the second-largest memecoin.
“Prices are mildly up for altcoins today, but most mid and small caps are still struggling to gain any traction on the weekly time frame. Many traders have shifted their focus to Shiba Inu, as the memecoin is one of the few bright spots. SHIB is +19% with rising social volume.”
Shiba Inu is trading at $0.0000118 at time of writing, up over 12% in the last 24 hours.
Turning to Ethereum (ETH), Santiment says that the ten largest addresses of the second-largest crypto asset by market cap now hold more than a third of the supply.
“Ethereum has been seeing its top 10 addresses expand and accumulate more and more of the total available coin supply. In five years, the top 10 largest addresses have gone from owning 11.2% to now 34.6% of ETH. The 27.86 million ETH added is worth $51.6 billion.”
Ethereum is trading at $1,848 at time of writing.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Credit: Source link
Bitcoin 
Ethereum 
XRP 
Tether 
Solana 
BNB 
USDC 
Dogecoin 
Lido Staked Ether 
TRON 
Cardano 
Wrapped stETH 
Chainlink 
Hyperliquid 
Wrapped Beacon ETH 
Wrapped Bitcoin 
Ethena USDe 
Sui 
Figure Heloc 
Stellar 
Wrapped eETH 
Avalanche 
Bitcoin Cash 
WETH 
Hedera 
LEO Token 
Litecoin 
Cronos 
Toncoin 
USDS 
Shiba Inu 
Binance Bridged USDT (BNB Smart Chain) 
Coinbase Wrapped BTC 
Polkadot 
WhiteBIT Coin 
Uniswap 
Ethena Staked USDe 
World Liberty Financial 
Ethena 
Mantle 
Monero 
Aave 
Bitget Token 
Pepe 
Dai 
OKB 
MemeCore 
Jito Staked SOL 
Ondo 
NEAR Protocol 