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.
