Santiment Identifies 3 Altcoins with Significant Surge in Network Activity Indicating Possible Bullish Trend

Santiment, a cryptocurrency analysis firm, has highlighted three altcoins that have experienced a significant increase in network activity, potentially indicating a bullish movement. The altcoins in question are Pepe (PEPE), Fetch AI (FET), and Ethereum Name Service (ENS). Santiment analysts have observed a remarkable surge in the number of newly created wallets for all three altcoins, suggesting a possible FOMO (fear of missing out) response to rising prices or a bullish trend. However, they also note that the spike in ENS wallet numbers is primarily driven by FOMO resulting from price increases. Additionally, the increase in FET wallet numbers can be attributed to its collaboration with two other AI-themed altcoins and the anticipation of high volatility leading up to the planned merger date with OCEAN and AGIX on July 15, 2024. It is important to note that the information provided does not constitute investment advice.