Solana, Arbitrum, Monero and One XRP Rival Among Altcoins Enjoying Mini Breakouts – Here’s Why: Santiment - The Daily Hodl

The Daily Hodl
The Daily Hodl

30 Jun 2023 11:45 AM

Blockchain analytics platform Santiment says a handful of altcoins are experiencing mini-breakouts as Bitcoin (BTC) trades near $30,000....

  • Santiment, a blockchain analytics platform, reports that several altcoins are experiencing mini-breakouts as Bitcoin trades near $30,000.
  • The altcoins benefiting from profit redistribution from Bitcoin's rally and the frenzy around recent spot Bitcoin ETF applications are Solana, Arbitrum, Monero, and Stellar.
  • XLM has seen the biggest rally at 12%, followed by ARB at 7%, and SOL and XMR at 5%.
  • Deep-pocketed investors have made significant transfers of altcoins, making it one of the top three days for whale transactions in 2023.
  • Many crypto traders started the week with a bearish bias, which Santiment sees as a historic indicator that the market will flip bullish.

The sentiment of the article is positive, highlighting the mini-breakouts and rallies of altcoins and the potential for a bullish market.

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You May Ask

Which altcoins are experiencing mini-breakouts as Bitcoin trades near $30,000?What are the reasons behind the altcoins' rallies?How much have the altcoins gained in the last seven days?Why is the movement of altcoins by deep-pocketed investors significant?What is the historic indicator that Santiment believes suggests a bullish market?

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