Loopring

Artificial Superintelligence Alliance

Vanar Chain

<ul class="news-points"> 
 <li>Santiment revealed in an X post yesterday that LRC, FET, REN and TVK have seen their exchange supply levels increase.</li> 
 <li>According to the post, this rise in exchange supply could lead to an uptick in volatility for the 4 cryptocurrencies.</li> 
 <li>TVK had the highest exchange supply level, with more than 67% of the altcoin’s supply residing on exchange platforms.</li> 
</ul> 
The blockchain intelligence firm Santiment revealed in an X post yesterday that altcoins are continually failing to reach consensus regarding what direction their prices should move. Meanwhile, Fetch.ai (FET), Loopring (LRC), Ren (REN) and Virtua (TVK) have seen more and more of their supplies shift onto exchange platforms. 
According to the firm, this increased amount of <a href="https://coinedition.com/what-is-cryptocurrency-a-complete-beginners-guide/">cryptocurrency</a> making its way onto exchange platforms typically implies an increased likelihood of future volatility. With regards to the altcoins mentioned in Santiment’s post, 38.7% of REN’s supply currently resides on exchanges. 
Meanwhile, LRC and FET have 27.8% and 18.6% of their respective supplies housed within exchange platforms. Most notably, 67.7% of TVK’s supply is housed in platforms instead of self-custody wallets. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> As…
 </blockquote>
 </div>
</figure>
The post <a rel="nofollow" href="https://coinedition.com/4-cryptocurrencies-to-watch-as-their-supplies-enter-exchanges/">4 Cryptocurrencies to Watch as Their Supplies Enter Exchanges</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

4 Cryptocurrencies to Watch as Their Supplies Enter Exchanges

Coin Edition

Other articles published on Oct 5, 2023

Ripple Wins Big: XRP Is Now the Only Digital Asset With Legal Clarity in the USA!

Yango to showcase cutting-edge innovations and business achievements at GITEX 2023

Meta Introduces AI Features for Advertisers: A Potential Game-Changer

Digital Ledger Daily: Top crypto stories of the day

Friend.Tech TVL Drops 7.8% in One Day Alongside Mass Withdrawals

Wall Street Memes Keeps Getting Listed on Exchanges, Buy WSM Now Before The Next Price Surge Leav...

Join our free newsletter for daily crypto updates!