Crypto analytics firm Santiment outlines three little-known opportunities traders are talking about in the altcoin space.
Santiment notes that the first potential opportunity is The Sandbox (SAND), a decentralized virtual reality network.
“There has been a notable resurgence in Metaverse-related investments and growing investor confidence in SAND and associated tokens, suggesting a shift toward GameFi and Metaverse projects.”
SAND is trading at $0.608 at the time of writing. The crypto asset ranked 78th by market capitalization has fallen more than 16% in the past 24 hours.
The second altcoin on the analytics firm’s list is global payment network Stellar (XLM).
“Growing interest from Korean investors following a political event, further highlighting XLM’s appeal among crypto investors. On social media, XLM is associated with surging prices and market analysis, thus reinforcing its importance in the current market dynamics.
XLM is trading at $0.45 at the time of writing. The 16th-ranked crypto asset by market capitalization fell almost 15% over the past day.
Finally, Santiment also highlights growing interest in Ethereum (ETH).
“Ethereum’s price performance is debated in comparison to other cryptocurrencies like Bitcoin and XRP. Users are expressing optimistic sentiments about Ethereum’s potential to outperform other large caps, especially given the favorable market conditions others perceive for the #2 market cap asset in crypto.
ETH is trading at $3,324 at the time of writing. The second-largest crypto asset by market capitalization is down more than 4% in the past 24 hours.
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