The crypto analytics firm Santiment is outlining three under-the-radar opportunities traders are talking about in the altcoin space.
Santiment notes the first potential opportunity is The Sandbox (SAND), a decentralized virtual reality network.
“There has been a notable resurgence in metaverse-related investments and growing confidence among investors in SAND and related tokens, suggesting a shift towards GameFi and metaverse projects.”
SAND is trading at $0.608 at time of writing. The 78th-ranked crypto asset by market cap is down more than 16% in the past 24 hours.
The second altcoin on the analytics firm’s list is the global payments network Stellar (XLM).
“Increasing interest from Korean investors following a political event, further emphasizing XLM’s traction among crypto investors. On social media, XLM is associated with price surges and market analysis, reinforcing its importance in current market dynamics.”
XLM is trading at $0.45 at time of writing. The 16th-ranked crypto asset by market cap is down nearly 15% in the past day.
Lastly, Santiment also highlights burgeoning interest in Ethereum (ETH).
“Ethereum’s price performance is being discussed in contrast to other cryptocurrencies like Bitcoin and XRP. Users are expressing bullish sentiments about Ethereum’s potential to outperform other large caps, especially given favorable market conditions others are perceiving for the #2 market cap asset in crypto.”
ETH is trading at $3,324 at time of writing. The second-ranked crypto asset by market cap is down more than 4% in the past 24 hours.
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The post Here Are Three Under-the-Radar Opportunities Arising in the Altcoin Space, According to Analytics Firm Santiment appeared first on The Daily Hodl.