In the world of cryptocurrency , investors are driven by various motivations when purchasing altcoins . For instance, meme coins are assessed based on the strength of their community, while total value locked (TVL) and the number of investors are significant determinants for Layer 1 solutions. However, have you ever considered which cryptocurrencies are attracting the most net inflows? This data sheds light on investor interest.
The Top 20 Cryptocurrencies
This metric should not be evaluated in isolation. When considering the influx from different channels like ETFs, on-chain net flow measures alone might not entirely capture the accurate picture. Contrary to popular belief, Ethereum (ETH) $2,544 continues to garner strong investor interest, as evidenced in the following table. Even though Layer 2 solutions have been assumed to undermine Ethereum demand, claiming it to be a persistent reason for ETH’s price weakness, the reality differs.
Quinten shared the below table indicating, “Ethereum still topped the net inflow list last year, followed by Sonic and Base. In contrast, ecosystems like Arbitrum and Optimism appeared emptied. Perhaps Ethereum isn’t as bad off as speculated?”
Altcoins and Fartcoin
The recent volatility in Bitcoin $102,347 ‘s price caused altcoins to suffer losses exceeding 5% in the past 24 hours. Fartcoin, known for its high volatility this year, has experienced significant movements. Following the rapid decline, Waleed shared Lieutenant’s chart and anticipated a rise from the current levels.
“FARTCOIN has swept May lows. I called the dip at $0.86. Now you’re either with me or against me, but remember, the rise is coming,” he stated.
If the two analysts prove correct, we should witness a strong recovery to $2.46 from the current $0.9 level. However, outside of a significant trigger like a Chinese agreement, none appear on the horizon yet. We will see its effects manifest within 48 hours.
Sharing the above graph, Moustache mentioned that following the correction, a stronger surge than May could be anticipated. “Imagine panicking as one of the best crypto summers approaches. So far, everything is going according to the plan. We experienced a strong upward move in altcoins in May, then a correction followed. Stay put, the next big wave is coming.”
