The entire market narrative is honed by the top 10 most talked-about tokens always. While the popular tokens BTC, ETH, ADA, XRP, BNB are all trapped in uncertain volatility, crypto analytics firm Santiment points out three altcoins that are showing great strength.
First up is The Graph(GRT), a protocol for indexing and querying data from blockchains. Santiment has pointed out that the protocol has an increased address activity and low deposits. This depicts that it is “a good sign that prices can naturally grow.”
The Graph has a market cap of $1.7 Billion and GRT is up nearly 20% in the past week.
At the time of writing it is trading at $0.538.
Next on the list is Sentivate(SNTVT), an ERC-20 utility token based on the Ethereum (ETH) blockchain. The altcoin has a healthy address activity to deposit ratio. The token has a market cap of $25 Million and is trading at $0.0091.
Santiment also notes that Compound (COMP), a decentralized finance lending and borrowing protocol with a market cap of $1.8 billion, has been soaring recently but may be nearing a local high.
“A big spike in social volume + exchange inflow starting to spike + NPL (network profit loss) starting to spike. Perhaps for now we might be approaching a local top. Or at least a consolidation period. Especially if the deposits spike end up being strong.”
At the time of writing, Compound is trading at $317.92 with a market cap of $1,703,373,958. COMP is up 23.9% in the last 7 days according to Coingecko