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The DeFi market is going through a broader accumulation phase, while the altcoin landscape is making a great contribution in this respect. Particularly, Pocket Network ($POKT), Bittensor ($TAO), and Huma Finance ($HUMA) are the top among the prominent altcoins leading the current aggressive crypto accumulation. As per the data from Phoenix Group, the other well-known altcoins experiencing accumulation include Radiant Capital ($RDNT), ALEO ($ALEO), PancakeSwap ($CAKE), Somnia ($SOMI), SuperVerse ($SUPER), Kaito ($KAITO), and Fluid ($FLUID). Hence, this phase could play a crucial role in determining the direction of the market for the remainder of Q4.

$POKT Hits $39.8M in Market Cap during Accumulation Phase The market data discloses that Pocket Network ($POKT) is the altcoin witnessing the shortest period among the top altcoins that are in their accumulation phase. In this respect, it has reportedly witnessed a massive accumulation over the past 4 days. As a result of this, the total market capitalization of $POKT has reached the $39.8M mark.

Subsequently, the 2nd among the key altcoins seeing accumulation phase takes into account Bittensor ($TAO). Thus, it has been going through notable accumulation over the past six days. Now, its cumulative market capitalization is $3.9B. Coming after that, Huma Finance’s ($HUMA) accumulation spree has been going on for six days. This period has pushed its total market cap to a big total of $48.5M.

Following that, Radiant Capital ($RDNT) accounts for an 8-day-long accumulation phase. Due to this, it now stands at $23.0M when it comes to market cap. Additionally, ALEO ($ALEO) has been witnessing accumulation for the recent 12 days. Eventually, its market cap is $158.0M at present. After that, Pancakewap ($CAKE) has also recorded a noteworthy accumulation period of almost 13 days, raising its market cap to $938.7M.

Moving on, Phoenix Group’s list of the latest crypto assets in the accumulation phase adds Somnia ($SOMI) in the 7th rank. Specifically, it has been in accumulation phase for 15 days, reaching $79.2M in market cap. Additionally, SuperVerse ($SUPER) has been undergoing accumulation for 18 days, attaining a market cap of $251.0M.

$FLUID Concludes List with 24-Day Accumulation Period The next 2 names on the list are SuperVerse ($SUPER) and Kaito ($KAITO) which have reached $251.0M and $251.7M in market cap after accumulation for 18 and 20 days. Ultimately, Fluid ($FLUID) is the 10 among the most recent altcoins in accumulation phase. Thus, its market cap has hit $349.6M mark after a 24-day accumulation.

AUTHOR

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.

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