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As the bullish outlook in cryptocurrencies gives way to a pause, Santiment’s analysis reveals that three Ethereum-based projects are not following this trend. Additionally, the analysis of XRP, LTC, and BTC offers investors a new perspective.
Comments on RNDR, AAVE, and MKR
In Santiment’s analysis, it was noted that there was a significant increase in address activity for Render (RNDR), Aave (AAVE), and the decentralized finance (DeFi) protocol Maker (MKR).
Render, Aave, and Maker have seen increased address activity amid market value rises. Historically, rising wallet interaction levels on networks indicate future bullish behavior.
Looking at RNDR first, after a 2% increase, the price was at $6.80. Meanwhile, despite Aave’s decline today, it found buyers at around $98 after a 25% rise in the past week. Maker, on the other hand, was trading at $2,859 after a 28% increase in the past week.
Latest Situation in Litecoin and XRP
Following the analysis of these three altcoins, Santiment noted an increase in social media mentions, particularly for XRP and Litecoin (LTC). This situation has led to the view that prices may rise soon.
As the crypto market continues its surprising recoveries, keep a close eye on Litecoin and XRP, which are experiencing high levels of FOMO (fear of missing out). These coins may continue to rise, but the crowd’s enthusiasm for these assets could make them high-risk, high-reward investments this week.
Litecoin’s price found buyers at $72.16 after a 2.05% drop in the last 24 hours, while XRP was trading at $0.5981 after a rise of over 2%. Litecoin’s market cap fell to $5.3 billion, positioning it at 18th place. On the other hand, XRP’s market cap rose back to $33 billion, continuing to follow Solana, although there is still a significant gap between them.
