Five Altcoins to Watch as #Bitcoin recovers, According to Santiment

Some altcoins are showing signs of strength and popularity. Santiment, a crypto analytics platform, has identified five altcoins that have increased on-chain activity and demand despite the market slump. These are Bitcoin Cash (BCH), Smooth Love Potion (SLP), Mask Network (MASK), Lever Finance (LEVER) and Civic (CVC). In this article, we will take a closer look at each of these altcoins and their potential.

📈 Despite markets cooling off for a 2nd consecutive day, several #altcoins are seeing rises in the amount of unique addresses interacting on their networks. Keep an eye on $BCH, $SLP, $MASK, $LEVER, & $CVC. Also, #crypto's top #stablecoin, $USDT. https://t.co/DDsQFKVCoz pic.twitter.com/x5vfwabMml

— Santiment (@santimentfeed) October 4, 2023

Bitcoin Cash (BCH):

BCH is a fork of Bitcoin that aims to provide faster and cheaper transactions. According to Santiment, BCH has seen a surge in its unique address activity in the past week, indicating an increase in user adoption and interest. BCH has also outperformed BTC in terms of price performance since September 1st, gaining 17% while BTC lost 4%.

Smooth Love Potion (SLP):

SLP is an ERC-20 token that is used in the blockchain game Axie Infinity. Players can earn SLP tokens by participating in the game and use them to breed collectible digital pets called Axies. SLP has seen a significant increase in its price since July 2021, reaching an all-time high of $0.399727.

Mask Network (MASK):

MASK is a protocol that allows users to send encrypted messages over Twitter and Facebook. It acts as a bridge between the internet and a decentralized network running on top. There is limited information available about MASK’s price performance or on-chain activity 56.

Civic (CVC):

CVC is an ERC-20 token that aims to provide secure and low-cost identity verification services using blockchain technology. CVC has seen a surge in its unique address activity in the past week, indicating an increase in user adoption and interest.

Lever Finance (LEVER):

LEVER is an ERC-20 token that enables users to trade and yield farm at the same time. Lenders deposit funds into lending pools and earn interest from traders who borrow to leverage trade up to 10X. LEVER has seen a significant increase in its price since October 2021, reaching an all-time high of $0.00521513.

While Bitcoin is facing some challenges and uncertainties in the market, some altcoins are showing resilience and growth potential. Santiment has highlighted five altcoins that have increased on-chain activity and demand: BCH, SLP, MASK, CVC and LEVER. These altcoins may offer some opportunities for investors who are looking for diversification and innovation in the crypto space.