Altcoin News Official TheBitTimes.com

Crypto insights firm Santiment says that three altcoins are now worth keeping an eye on as one historically bullish indicator begins flashing. Santiment tells its 188,000 followers on the social media platform X that lending platform Aave, metaverse project Decentraland (MANA) and indexing protocol The Graph (GRT) seeing large short ratios on Binance, the largest crypto exchange in the world. An imbalance in short sellers can often lead to a short squeeze or a quick, volatile bounce upward that liquidates short positions in a cascading manner. Says Santiment, “Altcoins to watch as cryptocurrency continues to enjoy its strong rebound include Decentraland, The Graph, and Aave. Each of these top 100 market caps are seeing significant short ratios on Binance, implying liquidations would lead to big price jumps.” Source: Santiment/X However, Santiment also reports that whale transactions have plummeted significantly since the middle of last month, indica...

The layer-1 blockchain MultiversX (EGLD) is dominating the crypto gaming sector in terms of development activity, according to the analytics firm Santiment. Santiment notes that MultiversX, formerly known as Elrond, registered 228.73 notable GitHub events in the past 30 days. The Ethereum (ETH)-based virtual reality platform Decentraland (MANA) was second, clocking 195.03 events. Wrapped Nine Chronicles Gold (WNCG), the ERC-20 version of NCG, came in third, registering 110.37. NCG is the in-game currency for Nine Chronicles, a fully open-sourced online role-playing game (RPG) without servers. Source: Santiment/X Santiment notes that it doesn’t count routine updates and uses a “better methodology” to collect data for GitHub events based on a “backtested process.” The analytics firm has previously said that heavy development activity centered around a crypto project is a positive indication that could mean that the developers believe the protocol will be success...

Cryptocurrency whales are making a beeline for leading altcoins such as Cardano (ADA), The Sandbox (SAND), and Decentraland (MANA). On-chain metrics and analytical firm Santiment highlighted the surge, saying that whales have shown “major interest” in Cardano this month. “Don’t mind the five-day anomaly gap in data for Cardano. Just take a look at what the asset has done since February. Clearly, a huge spike indicating some major interest from whales at this level, ” wrote Santiment. Also Read: VeChain Price Prediction: How High Can It Go In 2023? Source: Santiment However, despite the spike in whale activity, ADA has mostly remained on the back foot in February 2023. The cryptocurrency is trading sideways, with no spurt in price in the last two weeks. Also Read: Reddit Co-Founder Purchased 50,000 Ethereum in 2014 After Cardano, Cryptocurrency Whales Enter Sandbox & Decentraland Source: News.Bitcoin.com The leading metaverse altcoin T...