A naukri.com initiative
NullTX
1M
282
Image Credit: NullTX
Smart Money Signals: Ethereum and Base Networks Dominate Netflows in Past 24 Hours
- In the past 24 hours, smart money activities have been observed in both Ethereum and Base networks, with a focus on DeFi projects like Maker, Aave, and Uniswap on Ethereum.
- Ethereum continues to dominate, attracting significant attention from high-level investors, while Base network is showing potential for niche innovation and experimental investments.
- Top performers in Ethereum include Maker, Aave, and Uniswap, indicating sustained interest in reliable DeFi infrastructure amidst a cautious market.
- On Base network, AI tokens like AIXBT and meme tokens are gaining popularity, showcasing a trend of exploring speculative opportunities outside Ethereum.
- Base network's emergence as a hub for unique assets is evident from projects like Solace, NOICE, and COCORO receiving notable net inflows.
- The inclusion of meme tokens like SPX6900 and AI-driven protocols like AIXBT in smart money activities highlights a shift towards short-term momentum plays and automated DeFi tools.
- Despite Ethereum hosting established DeFi projects, Base network is carving out its identity with innovative tokens, attracting attention from strategic investors.
- While flow of capital is concentrated around major ecosystems like Ethereum and Base, smaller chains like Avalanche provide opportunities for niche plays and unique token allocations.
- In a calm market environment, investors are strategically allocating capital to projects with proven track records, suggesting a preference for reliability and usability.
- Understanding and analyzing the movement of smart money provides valuable insights into market sentiments, trends, and potential opportunities for future growth and investments.
Read Full Article
16 Likes
For uninterrupted reading, download the app