Santiment, the cryptocurrency analysis company, has drawn attention to an altcoin that is gaining traction in its statement. Here are the details:
According to an analysis shared by Santiment, the popularity of Artificial Intelligence (AI) tokens, which have been frequently mentioned lately, seems to be overshadowed by DeFi tokens.
The surge of DeFi tokens comes after UniSwap (UNI), one of the largest decentralized exchanges, implemented changes in its fee policy. Under the proposal by the UniSwap management, a portion of the platform’s transaction fees will be allocated to UNI holders.
After yesterday’s developments, the price of UNI, previously traded around $7, has increased by over 50% and is currently trading at $11.13 at the time of writing.
According to Santiment analysts, this UNI-initiated initiative also benefits other DeFi tokens, including COMP, SUSHI, and AAVE.
However, Santiment analysts have also drawn attention to another altcoin that has surged 78% in the past week. SingularityNET (AGIX), which was trading at $0.42 earlier this week, is now trading at $0.75 at the time of writing.
According to Santiment analysts, AGIX is experiencing strong activity on-chain after nearly doubling its market cap.
The AGIX network, an intermediary for creating and sharing artificial intelligence tools, has reached an all-time high with 93,600 empty wallets. However, whale transactions of this altcoin and on-chain volumes exceeding $1 million also recorded sudden spikes.
