Here Are 10 Altcoins You Should Be Cautious About

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Cryptodnes2024/12/04 04:22

By:Cryptodnes

Bitcoin’s recent volatility has impacted the entire cryptocurrency market, including altcoins, causing some investors to stay on the sidelines while larger players, known as “whales,” continue making significant moves in the altcoin space.

According to a report from cryptocurrency analysis firm Santiment, several altcoins have seen a noticeable increase in whale activity recently.

Among those drawing attention are Fast Token (FTN), Ethereum Name Service (ENS), Trust Wallet (TWT), and Layer Zero (ZRO), which is active on both Arbitrum and Ethereum.

Other altcoins experiencing heightened whale transactions include Memecoin (MEME), Amp Coin (AMP), Axelar (AXL), Curve Finance (CRV), and MakerDAO (DAI).

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Santiment cautioned that high whale activity often correlates with increased price volatility, advising investors to be cautious as these altcoins face fluctuating market conditions.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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