Santiment recorded a significant increase in trading activity for one of the altcoins
As Crypto-Auditor informs, the analytical company Santiment reported that at the moment there is a significant increase in trading activity in the WEMIX metaverse token. At the same time, the altcoin rate has not yet reacted to the increase in activity, analysts noted. A similar situation was observed with the Decentraland (MANA) token before its price increased by more than 75% at the end of January, Santiment noted.
🥽 Checking in on #Metaverse assets, we are seeing that #WEMIX is seeing a massive volume surge, but its price has yet to react. #Decentraland also has shown major development activity levels, which has very likely correlated with its 2022 price surge. 📈https://t.co/R6y2I1dIDU pic.twitter.com/1IlGSPNsf8
— Santiment (@santimentfeed) February 17, 2022
On February 17, the WEMIX token is trading at $6. Over the month, the altcoin has fallen in price by 3%.
In November 2021, the cryptocurrency updated its all-time high above $24. Since then, the asset has fallen in price by 75%.
Earlier, the investment company CoinShares named the most popular altcoins among large investors. Last week, in addition to investing in Bitcoin and Ethereum, institutional investors were most actively investing in investment instruments based on Terra (LUNA), Tezos (XTZ) and Cosmos (ATOM) altcoins.