Axie Infinity (AXS), Monero (XMR) and four more altcoins appear poised to rally, according to data from analytics firm Santiment. The company is also examining DeFi altcoins and highlights some of them. As Kriptokoin.com , we have compiled the details for you, let’s examine the subject together…
Santiment: AXS and these 5 altcoins offer opportunities! Alongside AXS and XMR
, the firm also owns decentralized application (DApp) platform Quantum (QTUM), Web3-focused project Ankr, Solana-based liquidity provider Raydium (RAY), and XRP rival DigiByte ( DGB) highlights. Santiment adds:
There are at least a few cryptocurrencies that are heavily exposed by bearish investors at any given moment. Our latest analysis highlights negative funding rates of XMR, AXS, QTUM, ANKR, RAY and DGB for potential opportunities.
Santiment: These 3 DeFi altcoins look bullish!
A short-term squeeze occurs when the market goes into excessive shorts, followed by an unexpected price spike that causes a chain reaction of liquidations and thus a strong rally. According to the firm, investors experiencing a drop in Monero make themselves vulnerable to such a scenario.
Santiment also says the decentralized financial sector looks set to grow healthy this new year. The firm identifies three of the most bullish-looking DeFi cryptocurrencies that are showing strength while most of the market is trading sideways. Santiment adds:
DeFi assets are showing some nice growth signs as we start 2022. YFI (Yearn.Finance), UNI and AAVE are progressing nicely so far.