Santiment Reveals Top Two Altcoins to Buy this Week

Looking to invest in altcoins this week? Santiment has highlighted two top picks that could potentially yield significant gains in the current market conditions. With the crypto market showing signs of bullish sentiment, now might be the perfect time to consider adding these altcoins to your portfolio.

Tether’s Billion-Dollar Move

Tether, a leading stablecoin issuer, recently minted 1 billion USDT on the Tron network, increasing buying pressure in the market. This move, coupled with the acceleration of accumulation by long-term crypto holders, suggests a positive outlook for the crypto industry.

Additionally, the influx of cash inflows in US spot BTC ETFs and the imminent listing of spot Ether ETFs in the United States indicate a growing interest in cryptocurrencies among investors.

Altcoins to Watch This Week

XRP:

With the anticipation of a settlement between the U.S. SEC and Ripple Labs in the ongoing lawsuit, XRP has seen a surge in FOMO and price action. According to Santiment’s on-chain data analysis, XRP has experienced a significant spike in value, with a potential rally towards the 58-60 cents range if it can regain key support levels.

Litecoin (LTC):

LTC has witnessed a price spike of over 20% in the past two weeks, reaching above $71. This surge is attributed to increased on-chain activity by whales and a rise in FOMO traders. To maintain bullish momentum, Litecoin’s price must close above the weekly 50 and 200 Moving Averages (MAs).

Overall, both XRP and Litecoin present solid investment opportunities for those looking to capitalize on the current market trends. As always, it’s essential to conduct thorough research and consult with financial advisors before making any investment decisions.

Are you ready to dive back into the crypto game and explore these altcoins, or are you still observing from the sidelines? The choice is yours, but the potential for growth in the crypto market is certainly enticing.