Crypto analytics firm Santiment is digging into the charts to produce granular insights about a trio of altcoins.
Santiment first pramenovi decentralized blockchain platform Cardano (ADA) as seeing an impressive price increase while also noting that development activity on GitHub has surged to over 450 submissions per day.
“Cardano is one of many altcoins that have enjoyed a great start to the week, currently +13% in the past 24 hours.
Development activity has hit all-time-high levels, as ADA’s team worked on innovating while prices were suppressed.”
U vreme pisanja, Cardano is up 6.85% over the last 24 hours and priced at $0.614.
Sledeći santiment izgled at decentralized oracle network Chainlink (LINK), pointing out that the number of big players in the world of crypto who hold more than 100,000 LINK has increased despite the altcoin’s lackluster price action.
“Chainlink appears to be middle of the pack today on a big altcoin recovery day, up +8.5%.
Notably, we’ve seen that the amount of whale addresses holding 100,000 or more LINK has increased substantially, up +11.2%, despite the falling prices.”
Chainlink is currently up 2.09% over the last 24 hours and changing hands for $7.62.
Last on the analytics firm’s list is Yearn.Finance (YFI), a yield optimizer that operates in the decentralized finance (DeFi) niche.
Santiment bilješke that despite developer Andre Cronje odlazak DeFi as well as YFI being down massively from its May 2021 all-time high above $90,500, work continues on the project.
“YFI was once the DeFi darling in crypto, just one year ago. Now down -91% over the past year after its glory days of [Andre Cronje] posts pumping Yearn.Finance.
The coin isn’t quite as abandoned by devs as you think.”
Like many crypto assets, Čeznuti za financiranjem is down considerably after a market-wide crash during the second week of May, having plunged 55.9% from a monthly high of $18,346 on May 4th.
YFI is currently valued at $8,138.
Check Price Action
Ne propustite ritam - Subscribe da biste dobili kripto e-mail upozorenja koja se dostavljaju direktno u vašu ulaznu poštu
Pratite nas na cvrkut, Facebook i telegram
surfovati Daily Hodl Mix
Izjava o odricanju odgovornosti: Mišljenja iznesena u Daily Hodlu nisu savjet o ulaganju. Ulagači trebaju obaviti svoju dužnu opremu prije nego što ulože bilo koja rizična ulaganja u bitcoin, kripto valutu ili digitalnu imovinu. Imajte na umu da su vaši transferi i trgovine na vlastiti rizik, a za sve gubitke koji mogu nastati odgovoran ste. Daily Hodl ne preporučuje kupovinu ili prodaju bilo koje kripto valute ili digitalne imovine, niti je Daily Hodl savjetnik za ulaganje. Imajte na umu da Daily Hodl sudjeluje u affiliate marketingu.
Istaknuta slika: Shutterstock/VectorBar/Mingirov Yuriy
Source: https://dailyhodl.com/2022/06/01/cardano-ignites-notable-bounce-as-ada-development-activity-surges-to-new-all-time-high-analytics-firm/