Have altcoins finally taken their revenge on Bitcoin?

Alternative crypto enthusiasts closely follow bitcoin and its influence on the market. If the queen of cryptos loosens her grip, an explosion in altcoins could well be on the cards. According to the Santiment analysis platform, three names dominate traders’ discussions: Sandbox (SAND), Stellar (XLM) and Ethereum (ETH). These assets capture attention with bullish tendencies and specific contexts.

SAND and XLM: the unexpected nuggets of altcoins

Among altcoins in the spotlightagainst a backdrop of the approaching bearish reversal of bitcoin, Sandbox stands out thanks to a renewed interest in the metaverse. “ Investor confidence in SAND and associated tokens continues to grow », notes Santiment. This favorable wind can be explained by a strong return of projects linked to the metaverse after a period of depression.

Stellar (XLM), for its part, benefits froman unexpected craze in South Korealinked to a local political event. This attention boosted its price, making XLM one of the hot topics on crypto social networks.

Some notable data:

• SAND : increase in interest linked to the metaverse;
• XLM : impact of Korean news;
• Liquidations : $518.8 million in 24 hours, including a majority of altcoins.

Ethereum : la crypto favorite des traders prudents

On the Ethereum side, discussions are intensifying around its past performance and its prospects. Investors, although cautious, display marked optimism, hoping that ETH outperforms its competitors in capitalization. As one trader on X points out, the market seems unpredictable:

« This is the most complex altseason I’ve experienced. Capital flows defy logic. »

At the same time, other altcoins, such as Pleasure Token and Axie Infinity, record spectacular increases in social volume. An indicator, according to Santiment, that traders’ interest is diversifying in this period of uncertainty.

To find out more about the cryptos that are shaking records, our colleague from Cointribune recently highlighted five assets that have broken their ATHs recently. An analysis where we discover that even memecoins stand out for their resilience and popularity.

DISCLAIMER

The comments and opinions expressed in this article are those of the author alone, and should not be considered investment advice. Do your own research before making any investment decisions.