Several small-cap altcoins are quietly witnessing strong inflows after impressive returns on larger crypto assets: Santiment

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Silver is now shifting to a handful of small-cap altcoins after large-caps saw their price rebound in the first three weeks of January, according to Santiment.

Crypto analytics firm Santiment notes that Ribbon Finance (RBN), Smooth Love Potion (SLP), and Marlin (POND) are all seeing an increase in address activity.

“With large caps like Solana, Cardano and Polkadot attracting impressive returning stocks the first 3 weeks of January, the money now seems to be heading into small caps. Active addresses are up for CBG, MITX, MTH , TRADE, PLSPAD, RBN, SLP and POND.

Source: Santiment/Twitter

Ribbon Finance, a suite of decentralized finance (DeFi) protocols that aim to help users access crypto-structured products, is trading at $0.261 at the time of writing. The 194th-ranked crypto asset by market cap is up more than 29% in the past seven days.

Smooth Love Potion, a token used in the Axie Infinity (AXS) ecosystem to earn rewards and purchase creatures in the online fighting game, is trading at $0.00288 at the time of writing. The 240th-ranked crypto asset by market capitalization is up more than 9% in the past week.

Marlin, an open protocol providing network infrastructure for decentralized internet and DeFi, is trading at $0.00959 at the time of writing. The 320th-ranked crypto asset by market capitalization is up almost 12% in the past week.

In terms of large-cap assets, Santiment notes that Bitcoin’s (BTC) two largest transactions since December took place on January 5, just before the top crypto began a surge that took it from around $16,800 to $23,000 last weekend. BTC is trading at $22,652 at the time of writing.

Source: Santiment/TwitterDon’t Miss a Beat Subscribe to receive crypto email alerts straight to your inbox Check the price action Follow us on Twitter, Facebook and Telegram Surf to The Daily Hodl Mix Check the latest news headlines not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any loss you may incur is your responsibility. The Daily Hodl does not recommend the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment adviser. Please note that The Daily Hodl engages in affiliate marketing.

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