Santiment: 2023 is a Big Year for These 3 Altcoins!

Santiment: 2023 is a Big Year for These 3 Altcoins!

Although the cryptocurrency market has left behind a disastrous and depressive year, the same conditions continue. That’s why market players are worried about the future of the market and crypto projects. On the other hand, there are some positive signals on the horizon for projects that continue to build under strong rules. Crypto analytics platform Santiment says the three altcoin projects are showing unfailingly healthy signs to 2023.

Santiment: There are good signs for these 3 altcoins!

We have left behind a year of major collapses such as Terra and FTX. However, severe winter rules still remain. The new year has not brought excitement to the market now. However, crypto analytics platform Santiment says it has received positive signals from three altcoin projects.

The first altcoin Santiment has seen positive signs is the interoperability blockchain Quant (QNT). It is followed by the well-known metaverse coin Decentraland (MANA). And Santiment is finally getting positive signals from Ethereum-based GameFi coin Enjin Coin (ENJ). Accordingly, the analytics firm notes that these projects likely have a bright future ahead of them. Santiment states that the supply on cryptocurrency exchanges for these projects has decreased sharply. He emphasizes that this is a smooth sign for price action this year. In this context, the analytics firm makes the following statement:

QNT, MANA, and ENJ are among the assets with the largest market caps to see cryptocurrencies leave the exchanges in significant amounts in 2022. Like the rest of the cryptocurrency, for now, its own prices are also showing a big drop. However, these are good signs for a more favorable 2023.

altcoinSource: Santiment / Twitter

At press time, QNT was trading at $105.70, down 0.19% on a daily basis. In the same time frame, MANA is changing hands at $0.2996 with an increase of 0.61%. Finally, ENJ is trading at $0.2433 with an increase of 0.65%.

Whales aggressively sold BTC in 2022, but…

Santiment, then the president looks at the cryptocurrency Bitcoin (BTC). The analytics firm says it had a ‘bounce’ at the end of the year as whales and sharks aggressively sell BTC throughout 2022. Data shows that whales dumped Bitcoin at the cost of $10.75 billion in over 12 months. Accordingly, Santiment makes the following assessment:

Two weeks before Bitcoin hit an all-time high on November 10, 2021, shark and whale addresses holding between 10 and 10,000 BTC collectively sold $10.75 billion. This decline, coupled with the drying up of circulation, caused BTC to bounce off at the end of 2022.

Santiment: 2023 is a Big Year for These 3 Altcoins!Source: Santiment / Twitter

At press time, Bitcoin was trading at $16,606, up 0.18% in the last 24 hours.

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