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Santiment: 5 Altcoins to Watch Out For, Cryptocurrency Up 20,000% in 2024 Could Keep It Going Next Year New data from on-chain analytics firm Santiment reveals that one altcoin that has seen big gains this year is experiencing major investor activity. Among altcoins with a market cap of at least $500 million, tokenized artificial intelligence project Virtuals (VIRTUAL) is up a staggering 20,000% year-to-date, Santiment said. In a statement on social media platform X, Santiment emphasized that VIRTUAL stands out in terms of market capitalization and investor activity. Santiment also noted that during the recent crypto market crash, investors with large amounts of assets moved to accumulate 10 cryptocurrencies, including VIRTUAL. "Despite the significant crypto corrections this week, we are observing very large whale transfers indicating potential bottom buying of several altcoins." - Santiment Other notable altcoins on the list include stablecoin issuer Usual (USUAL) and its stablecoin Usual USD (USD0), decentralized forecasting platform Gnosis (GNO), decentralized finance (DeFi) project Aave (AAVE) and meme coin Floki (FLOKI). $USUAL

Bitcoin ($BTC ) Drops Below $100,000 as Altcoins Struggle to Maintain Stability BTC’s price fell from $108,000 to $96,000, with trading volume reading at $116.53 billion. Ethereum and $XRP saw declines, with ETH trading at $3,350 and $XRP at $2.21. $AAVE attained a 10% gain during the dip, showing stability amid a negative market. The crypto market is recording different movements, with Bitcoin leading a bearish move. $BTC , which gained a high of $108,000 last week, has since met a correction, pulling altcoins into a negative level. ➡️Bitcoin’s Market Movements Bitcoin’s recent performance has increased concerns among market players. After hitting $108,000 on December 17, its price dropped after the FED report. By Friday, $BTC had declined to $92,000 before regaining to $99,000 on Saturday, only to settle at $96,000 on Sunday. On Monday, Bitcoin’s intraday low reached $93,810, before stabilizing above $96,000. Coinglass data indicates that Bitcoin’s price experienced fluctuations, reaching approximately $95,665.22 at the time of press. The volume during this period peaked at $116.53 billion, reflecting trading activity. Earlier in the year, notable spikes in volume were observed, aligning with price movements. ➡️Altcoins Struggle to Maintain Ground Bitcoin‘s decline has built changes across the altcoin market after FUD, as noted by Santiment on X Space. ETH’s price fell below the $3,500 level and is currently trading at $3,350, marking a 3.5% daily drop. Similarly, $XRP fell from $2.40 to $2.21. In contrast, AAVE, a decentralized finance token, demonstrated resilience, gaining approximately 10% during the broader market decline. $AAVE is now trading between $338 and $340, bucking the overall trend in the altcoin space. ➡️Analysts’ Caution on Market Outlook Market analysts have expressed concerns over potential extended losses. Michael Pizzino, a cryptocurrency analyst, noted the emergence of a macro double-top pattern in major digital assets like Ethereum and Solana. Despite these short-term challenges, broader macroeconomic indicators for Bitcoin remain positive, with key support levels still intact. David Lawant, head of research at FalconX, pointed to heightened market volatility as the year ends. He cited low liquidity and the impending December 27 crypto options expiry, involving $18 billion in BTC and ETH contracts, as potential triggers for further price swings.

Aave's native token, AAVE, has seen a significant surge in price, jumping 18.05% in one day to $379. This rally is largely attributed to the proposed integration of Chainlink's Smart Value Recapture (SVR) oracle service, which aims to capture profits from Maximum Extractable Value (MEV) and redirect them to benefit DeFi protocols like Aave and their users. Key Highlights of AAVE's Surge - *Market Capitalization*: AAVE's market capitalization now stands at $5.7 billion. - *24-hour Trading Volume*: The 24-hour trading volume has increased by 65% to $1.45 billion. - *SVR Integration*: The integration of SVR is expected to enhance Aave's ecosystem, providing more value to its users and increasing the platform's competitiveness in the DeFi space. - *Price Increase*: AAVE's price has increased by 18.05% in one day to $379. Current AAVE Price and Market Data - *Current Price*: $383.91, with a 5.82% increase in the last 24 hours ¹. - *Market Cap*: $5.76B, with a 5.82% increase in the last 24 hours ¹. - *24-hour Trading Volume*: $1.32B, with a 43.59% increase in the last 24 hours ¹.

Aave's native token, AAVE, has seen a significant surge in price, jumping 18.05% in one day to $379. This rally is largely attributed to the proposed integration of Chainlink's Smart Value Recapture (SVR) oracle service, which aims to capture profits from Maximum Extractable Value (MEV) and redirect them to benefit DeFi protocols like Aave and their users ¹. The potential inclusion of SVR was discussed in the Aave governance forum, and its launch on December 23 has already started showing positive effects. AAVE's market capitalization now stands at $5.7 billion, with a 24-hour trading volume of $1.45 billion, representing a 65% increase ¹. SVR is designed to capture transaction backrunning profits, primarily in the context of Aave liquidations. This process occurs when a borrower's collateral falls below a certain level, and the loan is settled by selling the collateral. Historically, these profits have gone to miners and traders, but SVR will redirect them to benefit Aave and its users. The integration of SVR is expected to enhance Aave's ecosystem, providing more value to its users and increasing the platform's competitiveness in the DeFi space. As a result, AAVE's price and trading volume have increased, reflecting the positive sentiment surrounding the platform's future prospects ².

A leading decentralized finance (DeFi) platform Aave’s native token (AAVE) has experienced a very strong rally in its price, jumping 18.05% in one day to $379. This comes after a new proposal for integrating a new cutting-edge oracle service from Chainlink that could help Aave’s users and the broader DeFi ecosystem. The potential inclusion of Chainlink’s new oracle service, Smart Value Recapture (SVR) was recently discussed in the Aave governance forum. It is an oracle designed to capture profits from a process called Maximum Extractable Value (MEV) to benefit DeFi protocols. It involves reorganization and front-running of transactions, and these profits have often gone to miners and traders in the past. However, SVR will redirect that profit to benefit the DeFi protocols, such as Aave, and the users. This has led to the AAVE token increasing in price and trading volume, with its market cap now standing at $5.7 billion. The 24-hour trading volume for Aave has also increased to $1.45 billion, a rise of nearly 65%. On December 23, Chainlink launched SVR, a product designed to capture transaction backrunning profits, mainly in the context of Aave liquidations. Aave liquidation occurs when the amount of collateral deposited by a borrower falls below a certain level and is subsequently sold to settle the loan. Those profits have long been taken by arbitrageurs and traders.