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Analytics Company Santiment Shares the Most Trending Altcoin Right Now and Why

source-logo  en.bitcoinsistemi.com 26 May 2024 14:53, UTC

Cryptocurrency analysis company Santiment shared the token that it thinks is the most trending altcoin of the recent period in its statement.

According to analysts, Ondo (ONDO) is the most trending altcoin in the cryptocurrency world with its 75% rise in the last 11 days. Analysts say ONDO's performance is hard to miss.

Santiment attributes the reason for this price increase and high trend to the increase in the number of ONDO wallets containing assets, which was 5,110 on February 26, to 33,225 wallets today. This means that the number of wallets has increased by 550%. During the same time period, the price of the altcoin increased by approximately 200%.

ONDO, a real-world assets (RWA) themed altcoin, claims to be bringing US bonds to the cryptocurrency world.

However, the altcoin is not listed on Binance at the time of writing this article. However, interestingly, this time Coinbase acted earlier than Binance and listed ONDO. Bybit, Kraken and Kucoin, other major cryptocurrency exchanges, are also among the exchanges currently listing ONDO.

*This is not investment advice.