Prominent analytics firm Santiment says a handful of low-cap altcoins are seeing a drastic rise in the count of new wallets created over the past week.<\/p>\n
In a thread on the social media platform X, Santiment says<\/a> the artificial intelligence (AI) related crypto project IQ.wiki (IQ<\/a>) leads the pack after seeing a massive rise in network growth,<\/span>\u00a0with a 2,500% surge in new wallets created in the last seven days.<\/p>\n IQ bills<\/a> itself as the \u201cprimary source of objective, high-quality knowledge on the internet today for everything related to blockchain and cryptocurrencies.\u201d The project uses AI to scale its content and summarize wiki articles.<\/p>\n IQ is the 430th-largest crypto project with a market cap of $154 million at time of writing.<\/p>\n Next up is CARV (CARV<\/a>), which saw a 1,800% increase in the number of new wallets created in just a week, according to Santiment. CARV is a modular data layer designed to enable users to control their data in the gaming and AI spaces. The project is the 474th-largest crypto with a market cap of over $130.78 million at time of writing.<\/p>\n Coming in at number three is Frax (FRAX<\/a>), an ecosystem in the decentralized finance (DeFi) space that offers stablecoin, liquid staking and other financial products. According to Santiment, FRAX witnessed 1,283.33% growth in the number of new wallets created over a one-week period.<\/p>\n FRAX is the 155th-largest crypto project with a market cap of more than $647 million.<\/p>\n In fourth place is Safe (SAFE<\/a>) with a 931.58% rise in the number of new wallets created. Safe is a smart contract wallet that aims to protect users\u2019 crypto assets by requiring multiple signatures (multisig) to process transactions. SAFE is the 191st-largest crypto asset with a market cap of $478.69 million.<\/p>\n Other crypto projects that saw a significant surge in the number of new wallets created in the past week include the peer-to-peer energy platform Power Ledger (POWR<\/a>), automated market maker Raydium (RAY<\/a>), payment processing token Metal (MTL<\/a>), decentralized exchange SmarDEX (SDEX<\/a>) and layer-1 protocol DevvE (DEVVE<\/a>).<\/p>\n According to Santiment, a project flashing network growth typically precedes price rallies.<\/p>\n \u201cWith rising utility comes rising market values, given enough time. Be patient, wait for Bitcoin to provide profits to be redistributed, and capitalize on projects like these.\u201d\u00a0<\/em><\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Generated Image: Midjourney<\/span><\/em><\/p>\n<\/p><\/div>\n
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