"Hmm, maybe traders like this small crypto project because they can make a decent profit."
Conversation about Bitcoin (BTC) among cryptocurrency investors has increasingly faded as they are more interested in focusing on several altcoins that are developing smaller digital asset projects.
Among these are the decentralized application platform Loom Network (LOOM), decentralized lending protocol Cream Finance (CREAM) and blockchain Solar (SXP) which have seen a significant spike in discussion.
Not only that, the prices of these three digital assets which generate millions of dollars in market capital also saw an increase when LOOM was found to reach more than 144% while CREAM and SXP also achieved 65% and 2.5% respectively.
So here we can see that LOOM can finally cross $0.13 from $0.055 on September 21, 2023, then CREAM is at $18.84 followed by SXP which is now trading at $0.27.
Several altcoins such as Frontier (FRONT), Immutable (IMX) and Chainlink (LINK) can also overcome the performance of the crypto market, where LINK is one of the best digital assets in September 2023 after its price has reached more than $7 instead of $5.75.
However, BTC seems to be in a state of uncertainty if its trading volume begins to decrease, plus a small amount of the digital asset has been circulating on crypto exchanges since the first quarter of 2023.
Reportedly, decreasing market fluidity is one of the main factors preventing the growth of BTC prices, causing the number of spot trades and derivatives to drop significantly.
