A handful of altcoins are seeing a “major surge” in address activity, according to the crypto analytics firm Santiment.
The firm notes that Bitcoin Cash (BCH), Smooth Love Potion (SLP), Mask Network (MASK) and Civic Pass (CVC) have all hit three-month highs in terms of daily active address counts.
Bitcoin Cash, a Bitcoin (BTC) hard fork that spun off from the top crypto asset back in 2017, is trading at $229.66 at time of writing. The 17th-ranked crypto asset by market cap is down nearly 2% in the past 24 hours.
Smooth Love Potion, a token used within the Axie Infinity (AXS) ecosystem to earn rewards and purchase creatures in the online battling game, is trading at $0.00156 at time of writing. The 329th-ranked crypto asset by market cap is up nearly 8% in the past day.
MASK is the Ethereum (ETH)-based governance token of the Mask decentralized autonomous organization (DAO). The Mask Network is a decentralized portal that allows users access to blockchain features on top of existing social networks. MASK is trading for $2.66 at time of writing and is down more than 3% in the past 24 hours.
Civic Pass bills itself as a multi-chain, wallet-agnostic identity and access management solution for smart contracts, DApps, and Web2 companies entering the blockchain sector.
The project’s native token, CVC, is trading for $0.077 at time of writing. The 338th-ranked crypto asset by market cap is down more than 1.6% in the past 24 hours.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
