Crypto analytics platform Santiment has announced a list of five altcoins that are rising after the growing interest among crypto traders.
Analytics firm highlighted in a new tweet that there is enormous interest in XRP, Uniswap (UNI), Voyager Token (VGX), Curve (CRV) and 1inch.
Santiment sheds light on the UNI after the decentralized exchange (DEX) token surpasses its all-time high of $ 20. The crypto intelligence platform is looking at various on-chain signals to determine if the UNI is ripe for a fix.
Santiment says Uniswap remains the market leader in terms of volume and number of transactions (DEX), even if the platform no longer encourages users with yield farming rewards.
Special emphasis on UNI
While activity on DEX continues to be strong, Santiment emphasizes that the price of UNI has risen amid a significant drop in volume. The firm says the divergence suggests a price reversal might be on the horizon.
Santiment adds that UNI’s social volume has skyrocketed to its highest in three months, another indication that a short-term summit may exist.
The crypto analytics firm also states that the increased supply of cryptocurrencies on exchanges is not a good sign for UNI.
As a result, Santiment expects the UNI to peak and decline as the new supply threat entering the market could turn the crypto asset into decline.
Given the rise in the price of the UNI, the community treasury is now a huge treasure (previously $ 500 million). Now they have more than $ 1 billion.