The altcoins may be poised for a rebound.

Ritu77

Mars Financial News: Analysts from Santiment, an on-chain and off-chain indicator intelligence platform, stated that despite the continuous rise in Ethereum prices, gas fees on the Ethereum network have dropped to a six-month low, which may indicate an upcoming rebound in altcoins. Santiment explained that trader sentiment tends to peak at market tops and bottom out at market bottoms. In February of this year, Ethereum gas fees reached an eight-month high, while the current low fees may suggest an increase in Ethereum network activity in the future and the beginning of an altcoin rebound.

Manta Co-founder VictorJi announced on the X platform that the Manta Renew Paradigm reward snapshot ended on April 24th at 22:00. Users who destroyed NFTs before the snapshot can claim MANTA token rewards. Airdrop rewards for Manta ecosystem projects will be distributed according to specific airdrop rules set by project partners. Eleven Manta ecosystem projects participating in Renew Paradigm will distribute 3% of their total token supply based on NFT destruction. Users participating in Manta Renew Paradigm with STONE will receive StakeStone airdrop points.

Janak9955

Is the conclusion given by such analysts credible?

Jafar224

As NFTs become more convenient, there will be a growing resonance.

Ritu13

A rebound is also highly likely.