Santiment Reveals Top 6 Altcoin Projects After FED

Although the cryptocurrency market has recently witnessed fluctuations, some altcoin projects have managed to rise above these fluctuations and enter a rising trend. According to the latest report from cryptocurrency analysis company Santiment, the altcoins that stood out in this rise were projects with artificial intelligence and big data themes.

Santiment, drew attention to altcoin projects

As reported by Kriptokoin.com, Santiment analysts observed that during the overall market recovery after the FED interest rate decision yesterday evening, altcoins focusing on this theme gained significant value. The examination of on-chain data also shows that these projects have started to be accumulated by significant wallets. The report listed the following four standout altcoins in this surge:

• DBC (%35 increase)
• LIKE (%26 rise)
• DX (19% increase)
• 0X0 (19% rise)

🤖 AI and Big Data cryptocurrencies are standouts on today’s market-wide rebound. Several on-chain metrics continue indicating accumulation of these tech-driven projects by key stakeholders. Today’s standouts include:

🪙 $DBC (+35%)
🪙 $LIKE (+26%)
🪙 $DX (+19%) 🪙 #0X0 (+19%)

— Santiment (@santimentfeed) June 12, 2024

Each of these altcoins has gained significant value in the past 24 hours. DBC stood out as the most increasing altcoin with a 35% rise. There are several factors behind the recent popularity of artificial intelligence and big data-themed altcoins. One of them is the significant increase in NVIDIA’s shares this year. NVIDIA is considered one of the leading companies in the field of artificial intelligence, and this rise has increased investors’ interest in this theme. Another important factor is Apple’s announcement of the ‘Apple Intelligence’ artificial intelligence project.

What are the other popular coins?

Santiment analysts believe that this trend may continue in the future. Developments in artificial intelligence and big data can bring new and innovative solutions to the cryptocurrency market and contribute to the value appreciation of altcoins focused on this theme. In another analysis by Santiment, the most popular altcoins in the crypto world are discussed. According to the analysis, Bitcoin (BTC) continues to maintain its position as the most popular cryptocurrency, which is not surprising. It is thought that this popularity has experienced a surge after former US President Donald Trump expressed interest in Bitcoin mining.

Trump, in his statement, described Biden as a BTC enemy and stated that he wanted all Bitcoins to be mined within the borders of the USA from now on. Following this statement, there was a significant increase in the shares of mining companies traded on the stock exchange in the USA. In addition to Bitcoin, Santiment also indicates that two altcoins have gained popularity in recent days. Santiment analysts emphasize that these altcoins are projects that need to be followed in the coming period.

• Minswap (MIN): Increasing concerns about transparency and reliability may have triggered interest in this altcoin.
• Onyxcoin (XCN): The use of Klay chain as core chain verification and gas fee is among the factors that contribute to the popularity of this altcoin.

🗣️ Crypto’s top trending coins. Remember – the opposite direction of the crowd’s expectation is most likely:

🪙 $BTC: Trump interest in increased Bitcoin mining 🪙 $MIN: Concerns of transparency and credibility 🪙 $XCN: Core chain validator launch & use of Klay chain for gas pic.twitter.com/SKdL0coG9K

— Santiment (@santimentfeed) June 12, 2024

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