The on-chain analytics firm Santiment has revealed that the altcoins have been showing a recent divergence in network growth.
Altcoins Are Observing Polarization When It Comes To Network Growth
In a new post on X, Santiment has explained how the altcoins have been separating from each other following the big Bitcoin spot ETF news last week. The indicator of interest here is the “network growth,” which keeps track of the number of new addresses joining any cryptocurrency’s network.
The new addresses are defined as those coming online on the blockchain for the first time (that is, they are making their very first transaction). New addresses might pop up on any network for many reasons.
Some cryptocurrency users like to make a new address whenever they want to participate in fresh trades to maintain their privacy. Such users would naturally contribute to growth in this metric.
This new address type wouldn’t be relevant for the more comprehensive network. Something that can be very
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