Which Altcoins Are Outperforming Bitcoin?



 Bitcoin’s price may be stuck in a consolidation phase, but the real action is happening beneath the surface. On-chain metrics are revealing a lot about the market's changing dynamics, and they’re worth paying attention to. One key metric that’s standing out is the Bitcoin Exchange Whale Ratio.

What is the Exchange Whale Ratio?

The Exchange Whale Ratio is a measure of large Bitcoin transactions compared to total deposits on exchanges. Here’s what you need to know:

  • Whale Activity: A rise in this metric suggests that large-scale investors, or "whales," are either buying or selling their Bitcoin.
  • Current Trend: During this consolidation, the Whale Ratio has surged, indicating significant whale activity.
  • What It Means: Some market participants are distributing their BTC, while others are quietly accumulating. This shift hints that a major price move could be coming, but we’ll have to wait and see how it plays out.

Crypto Market Performance: Bitcoin and Ethereum Struggles


It’s no secret that the crypto market isn’t at its best right now. Over the past 30 days, we’ve seen:

This dip shows that even the top cryptocurrencies are feeling the strain. However, the market isn’t all doom and gloom, thanks to some altcoins that are making waves.

Altcoins to Watch: Decentraland, & Aave

While the big players like Bitcoin and Ethereum have struggled, certain altcoins have shown resilience and even growth. 


According to Santiment, these altcoins could be worth watching due to their strong short ratios on Binance, signaling potential liquidations and price jumps.

  1. Decentraland (MANA):  


    • With growing interest in Web3 and play-to-earn projects, Decentraland is positioned for a potential rise.
    • Market Cap: $594 million
    • Daily Trading Volume: $27 million
    • Current Price: Trading at $0.2719, up by 3% in the last 24 hours.
    • Why Watch It?: As more users get involved in the metaverse and Web3 space, Decentraland could see further growth.

  2. Aave:    


    • Aave is a top player in the DeFi sector, operating across multiple blockchains, including Ethereum, BNB Chain, Avalanche, and Fantom.
    • Market Cap: $2.4 billion
    • Daily Trading Volume: $461 million
    • Current Price: Trading at $150, with a 2% increase in the last 24 hours.
    • Why It’s Important: Aave’s cross-chain functionality and solid DeFi foundation give it an edge in the current market.


A Potential Market Shift?

While Bitcoin’s price remains in consolidation, the rise in the Exchange Whale Ratio points to significant behind-the-scenes activity. As whales move their coins, a major price shift may be on the horizon. Meanwhile, promising altcoins like Decentraland and Aave are gaining traction and could be worth keeping an eye on. The market may not be booming right now, but these trends offer a silver lining.

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