According to the data, Bitcoin has lost interest in Ether Leeum and Altcoin, with more than 85%of the recent combined gift volume.
Ether Leeum & Altcoins has seen the recent rise in gift volume.
In X's new post, Cryptoquant Community Analyst Maartunn talked about the latest trends in futures trading volume share of Ethereum and Altcoins. Here, futures trading volume naturally indicates the amount involved in futures related transactions on various derivatives exchanges.
The following is a chart shared by Maartunn, which shows the dominant trend of ETH and ALTS over the past few years.
The value of the indicator appears to have gone up for both of these assets in recent days | Source: @JA_Maartun on X
As can be seen in the graph, futures trading volume dominance has recently seen a sharp increase in Altcoins, suggesting that speculative interest in this coin has increased.
The metrics still fell significantly compared to the early highest, but nevertheless, altcoin growth was risen at the same time.
The combined ETH and ALTS account for about 85.2%of the total cryptocurrency futures trading volume after the increase. This means that the remaining part, Bitcoin, has dominated less than 15%.
Historically, this time was a bad sign for the entire market as well as BTC. Their example is on the chart in both the late 2024 and the summer price range.
Thus, considering that Ether Leeum and Altcoin are once again dominating future trading activities, Bitcoin and other assets may be in some volatility.
In other news, Santiment, a whole chain analysis company, shared updates on how various projects in the digital assets are ranked in terms of development activities in the X post. This indicator measures the total amount of work performed by a developer of a given project in a public GitHub repository.
This metrics are measured by “event” units, where one event takes measures such as commit or fork production in the repository.
The following is a table posted by Santiment. Based on the 30 -day development activities, it shows the ranking of the Cryptocurrency project.
Looks like ICP has maintained its position at the top | Source: Santiment on X
As mentioned above, Ether Leeum is the 10th largest project in terms of 30 -day development, despite its second market capitalization after Bitcoin. The project that developers work the hardest is the Internet computer (ICP). The Internet computer (ICP) has almost three times the metrics of ETH.
ETH price
Ether Lee has recovered more than $ 4,750, but now it seems to have faced a fullback once again when the price of the assets returns to $ 4,450.
The trend in the price of the coin over the last five days | Source: ETHUSDT on TradingView
DALL-E, SANTIMENT.NET, CRYPTOQUANT.COM's main image, TradingView
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