Market Activity in Cryptocurrency: Analysis of the Last 24 Hours
The cryptocurrency market has witnessed a highly active period over the last 24 hours. According to Nansen data, while some tokens have experienced significant inflows, this situation is closely monitored by investors and market observers. The data indicates that certain tokens, such as POL coin, have gained more importance with the increase in market liquidity. Here is an analysis of the tokens that received the most inflow in the last 24 hours:
POL Coin on Top
POL token is in the first place on the list. POL attracted more than 37 million dollars in inflow within the last 24 hours, drawing attention. This sudden rise indicates that investors’ interest in POL has increased. The substantial inflow into the POL token may signal future volatility and value appreciation. It is still unclear why investors are showing such interest in this token. However, potential projects, new partnerships, or platform upgrades may be among the factors behind this increase.
As we previously mentioned as Kriptokoin.com, POL coin is a new version of Polygon (MATIC). The second token on the list, SDAI, also stands out with 7.9 million dollars. This token is an asset operating in the stablecoin market and has high liquidity. The large investment inflow into sDAI may be an indicator of the market’s confidence in stablecoins. Because stablecoins are considered a safe haven by investors in the volatile cryptocurrency market.
High Interest in ETH and BTC-Based Tokens
In third place, AETHWBTC token has an inflow of 4.3 million dollars. This token is defined as a hybrid asset and has become quite popular among investors. The significant investment drawn to AETHWBTC demonstrates investors’ interest in assets based on both Bitcoin and Ethereum. This situation indicates an increase in investors’ demand for different cryptocurrencies and their tendency towards portfolio diversification.
Two significant tokens based on the Ethereum ecosystem, EBTC and STETH, draw attention with inflows of 1.7 million dollars and 509 thousand dollars, respectively. Ethereum’s leadership in the DeFi space has led to increased popularity of these tokens. EBTC is known as the Bitcoin asset on the Ethereum network, while STETH represents the staked version of Ethereum 2.0. The increase in the market liquidity of these assets shows that investors’ interest in Ethereum-based projects continues.
APE, CVX, SIFU, and ST-YETH at the Bottom of the List
APE token, which was launched with high expectations earlier, received a relatively low inflow of 360 thousand dollars compared to other large tokens on the list. However, this figure shows that the token is still of interest among investors. APE token particularly holds potential in NFT projects and the gaming world. Investors may believe that this token has the potential to create long-term value.
With an inflow of 307 thousand dollars, CVX token secures a spot on the list, while SIFU and ST-YETH rank lower, with 203 thousand dollars and 267 thousand dollars, respectively. These tokens stand out as assets targeting a more niche investor audience. ST-YETH focuses specifically on Ethereum staking, while SIFU is recognized as a token that invests in community-based projects. Investors harbor hopes that these tokens may yield greater returns in the long run.
