The latest data from market research firm Santiment has revealed that an altcoin is recording impressive growth this year and is now attracting strong attention from whales.
Santiment recently revealed that among the altcoins with a market capitalization of at least $500 million, Virtuals (VIRTUAL) - an artificial intelligence (AI) project - has grown 20,000% since the beginning of the year and is one of the leading cryptocurrencies in terms of whale trading activity.
Additionally, Santiment also noted that high-net-worth investors are actively accumulating 10 digital assets, including VIRTUAL, amid the ongoing crypto market correction.
"While the crypto market has seen significant adjustments this week, some altcoins have still witnessed large transactions, highlighting the 'buy the dip' strategy."
Other notable altcoins on this list include the two stablecoins Usual (USUAL) and Usual USD (USD0), Gnosis (GNO) - a decentralized betting platform, Aave (AAVE) - a DeFi project, and Floki (FLOKI) - a prominent meme asset.
Currently, the price of VIRTUAL is trading at $2.43, down nearly 20% on the day. On December 16, the value of this cryptocurrency reached a peak of $3.34, while a year ago, its price was only around $0.013.
Turning to Bitcoin (BTC), Santiment also noted that the recent drop in Bitcoin below $100,000 has triggered a "buy the dip" sentiment among investors, as reported by Bitcoin Magazine.
Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do their own research before making any decisions. We are not responsible for your investment decisions.
Join Telegram: https://t.me/tapchibitcoinvn
Twitter (X): https://twitter.com/tapchibtc_io
Tiktok: https://www.tiktok.com/@tapchibitcoin
Annie
According to Dailyhodl
