Altcoins
Is it Altcoin season? Top Performing Altcoins This Week as Bitcoin Price Soars to $35,000
Altcoins continue to grow, making up for lost time due to inflation and the bear market, while Bitcoin sits comfortably at around $35,000. Crypto analytics platform Santiment revealed data presentation altcoins rebound with profits from the last two weeks channeled into large and mid-cap crypto assets. Is altcoin season here?
Santiment Data Hints at Altcoin Season
According to data provided by Santiment on November 4, altcoin profits in recent weeks have been continuously channeled into large- and mid-cap assets, such as SNT, SUSHI, and BLZ. Additionally, SNT saw gains of 108% over the past seven days, as did SUSHI and BLZ, seeing an increase of 82% and 39%, respectively.
As reported According to CoinGape Media earlier today, cooling bond yields and the labor market have not had a massive impact on Bitcoin, although altcoins have sparked a strong rally.
Earlier this week, Bitcoin price crossed the $35,000 mark but failed to maintain its price. Over the past few days, the BTC Price is stuck between $34,000 and $35,000, fueling speculation in the crypto space. Investors and traders are closely watching the BTC price as rumors of BTC profits being transferred to Altcoins are creating a frenzy in the crypto space, following the rapid rise of Altcoins.
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Best Altcoins for Today
NEO price soars
The NEO token saw a substantial increase of 22.17% in the last twenty-four hours, reaching $11.39 today, November 4. With a weekly increase of 22.20%, the price of NEO continues to increase gradually. The recent price surge around NEO appears to align with the recent launch of numerous NFT projects on N3, a new version of the NEO protocol.
THORChain (RUNE) Price Rises
THE RUNE Price was up 18.05% in the last twenty-four hours. Currently, the token is trading at $3.47 with an overall increase of 37.38% over the last seven days. The steady rise in RUNE price may be due to the recent introduction of a new lending protocol THORChain. Additionally, earlier this year, the company also announced plans to enter into a strategic partnership with Binance, furthering the growth of the token.
Oasis Network (ROSE) price rise
At the time of writing, PINK price surged 15.94% in the last twenty-four hours, reaching $0.0673 today, November 4. The token has seen substantial gains over the past week, climbing 30.48% in total. The price rise aligns with Santiment data recently revealing the Oasis network’s social dominance and steady growth over the past month.