BLZ, SNT and SUSHI Soar as BTC Profits Give Alts a Boost

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Altcoin Opportunities Surge as Market Sees Signs of Revival
  • Santiment noted that SUSHI, SNT and BLZ surged over the past week while BTC rests below $35K.
  • According to the post, SNT printed the biggest weekly gain of more than 108%.
  • At press time, SUSHI was down while SNT and BLZ continued to rise over the past 24 hours.

Several altcoins have continued to rise as the market leader Bitcoin (BTC) rests below the $35K mark, according to an X post by Santiment. In its post, the blockchain intelligence firm revealed that altcoins such as Status (SNT), SushiSwap (SUSHI) and Bluzelle (BLZ) benefitted the most from the profits generated by BTC. 

SUSHI saw its price soar more than 82% over the past week, noted Santiment. Meanwhile, BLZ was able to print a weekly gain greater than 39%. It was SNT that stole the show with its remarkable 108+% surge throughout the past 7 days.

At press time, CoinMarketCap indicated that SUSHI’s price experienced a 24-hour loss as traders most likely engaged in profit-taking activity. Subsequently, the altcoin was changing hands at $1.10. 

However, traders continued to boost BLZ’s price, as the altcoin was up more than 3.8%. This elevated the cryptocurrency’s value to $0.2842 as a result. Notably, BLZ was able to reach a high of $0.2956 over the past 24 hours, but has since retraced to trade at its current level. Nevertheless, the cryptocurrency was trading closer to its peak than its daily low of $0.2684.

Meanwhile, SNT’s impressive performance was evident with the 26.37% gain it achieved over the past 24 hours. This propelled the cryptocurrency’s value to $0.06451 at press time. Along with the jump in price, SNT also recorded a 76.97% uptick in its daily trading volume. Subsequently, its total volume stood at $338,582,023.

In related news, the market leader was up 1.12% and was changing hands at $34,812.21 at press time. This added to BTC’s weekly performance as well – pushing it to +2.18%. During the past day of trading, BTC’s dominance in the market slipped by 0.18%. This meant that the leading cryptocurrency’s market dominance was brought down to 52.40%.

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