• The crypto market rally has seen altcoins benefit from price movement.
• Investors are moving gains from larger cap assets to smaller cap altcoins.
• According to Santiment, address activities for small cap coins have seen a notable uptick in the last week.
The crypto market has seen a remarkable rally in recent weeks, with bitcoin, altcoins, and digital assets all seeing gains. As the market begins to settle into this newfound normal, investors are taking advantage of the price movement to cycle funds into smaller cap altcoins.
On-chain data aggregation website Santiment has reported that investors are moving money out of larger cap coins such as Cardano and Solana and into smaller cap coins. These coins are mostly top 200 and below tokens with market caps lower than $300 million. The cycling of funds into these smaller altcoins is shown by their address activity, which has seen a significant uptick in the last week.
The coins that are seeing the most address activity include TRADE, RBN, SLP, PLSPAD, POND, MITX, MTH, and CBG. These are coins that are flying under the radar, and as such, are seeing a surge in interest from investors looking to capitalize on the current market conditions.
This move to smaller cap coins could be an indication that investors are looking for more riskier and potentially more rewarding investments. The increased interest in these coins could mean that prices could see a surge in the coming weeks, leading to even more capital inflow into the space.
Overall, this is a positive sign for the crypto market as a whole. As investors gain more confidence in the space, they are looking to diversify their portfolios and explore further into the market. This is leading to more capital inflow into the space and could be the sign of things to come in the near future.