Three small-cap Capital showed strong accumulation signs in December.

This article is machine translated
Show original

Although altcoin market Capital has yet to recover and market sentiment remains in a state of prolonged fear, some small - cap altcoins under $100 million are showing signs of accumulation on the chain.

This could reflect that whales are quietly accumulating shares and betting on a potential price increase in the coming month.

1. Avantis (AVNT)

Avantis (AVNT) is a DEX Token operating on Base, currently with a market Capital of approximately $89 million . The price of AVNT has fallen by more than 85% since its breakout phase in October .

However, by December 2023, this downward trend had shifted to a sideways movement around $0.30. AVNT also began to show signs of accumulation.

Accumulated Balance of AVNT Whales. Source: Nansen The balance of AVNT held by sharks is increasing. Source: Nansen

According to Nansen's data, whale wallets accumulated an additional 11 million AVNT in December. The total balance of the top 100 wallets increased by 1.88%, while the number of Token on exchanges decreased by 4.9%.

An increase in whale balances and a decrease in AVNT volume on exchanges typically indicates that investors are buying and withdrawing Token to their personal wallets, reflecting their expectation of long-term holding.

Data from Holderscan also shows that the number of wallets holding AVNT increased from 105,800 to 109,800 in the past 30 days.

From a technical analysis perspective, experts believe AVNT is in the final stage of a falling-wedge pattern. This pattern typically forecasts a potential reversal from a downtrend to an uptrend.

2. Succinct (PROVE)

Succinct (PROVE) is a decentralized network that supports the creation of simple and secure zero-knowledge proofs (ZKP).

Privacy issues on blockchain have become a topic of widespread interest thanks to the development of Zcash (ZEC) and the widespread application of ZKP technology. As a result, Succinct has also become more attractive to investors.

Currently, PROVE's market Capital stands at $75.6 million . The Token price has dropped by over 77% since being listed on Binance and Coinbase.

Accumulated Balance of AVNT Whales. Source: Nansen The PROVE balance is accumulated by sharks. Source: Nansen

Data from Nansen shows that in recent months, large wallets have continued to accumulate an additional 5.34% PROVE, while the amount of Token on exchanges has decreased by 1.24%. At the same time, the rate of PROVE price decline has slowed down.

The slowdown in price declines, coupled with signs of large-cap stocks being accumulated by whales, has led many investors to expect a potential recovery in the near future .

3. Plume Network (PLUME)

Plume Network (PLUME) is Ethereum's layer-2 blockchain, developed with a focus on real-world assets (RWA).

Currently, PLUME has a market Capital of $60 million, after its Token price dropped by 85% in the last quarter of the year.

However, Nansen data shows a clear shift as whales have accumulated nearly 7 billion PLUME. The Token price also recovered 35%, from $0.014 to $0.019.

The PLUME balance is accumulated by the sharks. Source: Nansen

Thanks to this accumulation process, the downward trend of PLUME, which had lasted for more than 3 months, has slowed down.

Another reason investors remain optimistic about the RWA altcoin group is the sector's strong growth prospects in 2026.

According to a recent report by BeInCrypto , the total market value of RWA reached a new peak in December 2023, despite pessimistic market sentiment in many places.

When assessing the prospects for RWA in 2026, Plume CEO Chris Yin predicted that the value and number of users in this sector could grow 10 to 20 times compared to the present.

"Seeing value and user numbers grow 10–20 times in the next year is really just the lowest we should expect," Chris Yin Chia with BeInCrypto.

If this prediction comes true, small Capital Token like PLUME could benefit greatly.

These three small- Capital altcoins represent three different themes: DEX, Privacy, and RWA. All three themes are receiving very high expectations from analysts for the coming year.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
60
Add to Favorites
10
Comments