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LINK, SHIB, 1INCH Tops Smart Money Token Inflow List

source-logo  coingape.com 08 December 2023 14:45, UTC

In the world of cryptocurrencies, LINK, SHIB, and 1INCH recently congregated significant attention across the broader crypto market as these tokens positioned themselves among the top tokens in the smart money token inflow list. The tokens popped up to the top, among many others as of today, December 8.

Simultaneously, crypto market fanatics seem to be extensively eyeing these tokens following their emergence at the peak. Furthermore, the emergence of these tokens at the list’s cork illustrates confidence among experienced crypto market enthusiasts as it portrays investors’ and traders’ trust orbiting these tokens.

SHIB, 1INCH, and LINK Smart Money: A Detailed Study

The Ethereum-based altcoins mentioned above ranked among the top 5 tokens, according to smart money market charts. Moreover, Nansen.AI, a platform facilitating on-chain metrics, recently unveiled data showcasing the smart money token inflow list.

In accordance with the data, LINK ranked as the top 3rd cryptocurrency subsequent to ETH and aEthwstETH. Moreover, the token noted a smart money inflow of $5.49 million in the past twenty-four hours, accompanied by an exchange inflow of $3.27 million.

In addition, SHIB also sprung up as the topmost 4th cryptocurrency on the list. Statistics portray that the token recorded a smart money inflow of $4.11 million over the past 24 hours, despite an exchange outflow of $1.05 million.

Lastly, 1INCH marked a smart money inflow of $5.95 million from yesterday, despite marking an exchange outflow of $130.12k.

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LINK, SHIB, and 1INCH Price Evaluation

Following the revelation of data by Nansen.AI, the prior mentioned tokens recorded a noteworthy surge, creating a frenzy within the crypto realm.

At the time of writing, the Chainlink price noted a substantial upswing of 5.42%, reaching $16.19. Moreover, the token also noted a weekly surge of 9.64%, followed by a monthly upsurge of 19.53%.

In addition, the Shiba Inu price also noted a marginal pump of 4.38%, evaluating $0.000009957 while writing. Furthermore, the SHIB token witnessed a 20% surge during the past week as well. However, the 24-hour trading volume recorded a significant fall of 35.81%, reaching $297.16 million.

Coinciding with the soaring of LINK and SHIB, the 1Inch Network price also witnessed a 6.57% increase in the past 24 hours, totaling $0.3958 as of writing. The token also remarked a 15% increase over the past week, coinciding with a slight monthly surge of 6%.

The above-stated surge in prices appears to fall in line with the recent price surge witnessed by ETH as these cryptocurrencies are based on the Ethereum blockchain. In addition, as these tokens emerge at the cork of the smart money token inflow list, market sentiments revolving around them appear to remain bullish.

Also read: Bitcoin Price Can Hit $50,000 Next Week, Predicts Popular Crypto Analysts