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 <p>A leading analytics firm says that Chainlink (LINK) and three additional altcoins may continue to see more surges amid bullish on-chain data readings.</p> 
 <p>Looking at Chainlink, Santiment says the decentralized oracle network is rallying on the back of increased unique address activity.</p> 
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 <p><em>“The amount of unique LINK addresses interacting on the network hit 3,964 yesterday, its highest level in two months.”&nbsp;</em></p> 
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  <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F6pKad_awAAES3L?format=jpg&amp;name=4096x4096" alt="Image" width="2777" height="1751">
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   Source: Santiment/X
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 <p>The analytics firm also says that Chainlink may witness more rallies if market participants remain largely indifferent to the altcoin’s performance.</p> 
 <p><em>“LINK has notably climbed to $7.08… Less social volume in crypto means more and more projects are moving under the radar.”&nbsp;</em></p> 
 <p>At time of writing, LINK is worth $7.22, up over 18% from its seven-day low of $6.09.</p> 
 <p>Santiment is also keeping a close watch on the decentralized application (DApp) platform Loom Network (LOOM), decentralized finance (DeFi) aggregation layer Frontier (FRONT) and layer-2 blockchain ImmutableX (IMX). According to the analytics firm, the three altcoins are outperforming the broader crypto markets amid increased adoption as of late.</p> 
 <p><em>“Loom (+145%), Frontier (+138%), and ImmutableX (+29%) have been strong performing assets over the past week. Each has enjoyed major network growth (new addresses being created). If this growth is maintained, their prices can continue their rallies.”</em></p> 
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  <img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F6p_EpLaQAAIo6J?format=jpg&amp;name=4096x4096" alt="Image" width="2854" height="1804">
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   Source: Santiment/X
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 <p>As for Bitcoin, Santiment says that the number of addresses holding less than 100 BTC is at a new all-time high, owning 41.1% of the crypto king’s available supply. While non-whale wallets are gobbling up the flagship crypto, Santiment notes that whales, or entities holding 100 to 100,000 BTC, have been unloading Bitcoin since June.</p> 
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  <img decoding="async" loading="lazy" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F6lIIqWbYAA2m69?format=jpg&amp;name=4096x4096" alt="Image" width="2300" height="1819">
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   Source: Santiment/X
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 </figure> 
 <p>At time of writing, Bitcoin is trading at $26,641.</p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/chainlink-link-and-three-low-cap-altcoins-could-witness-more-rallies-amid-strong-network-activity-santiment-tbt63859.html">https://thebittimes.com/chainlink-link-and-three-low-cap-altcoins-could-witness-more-rallies-amid-strong-network-activity-santiment-tbt63859.html</a></p>

Chainlink (LINK) and Three Low-Cap Altcoins Could Witness More Rallies Amid Strong Network Activity: Santiment

TheBitTimes

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