Santiment has pointed out the altcoins that are currently observing a signal that has often accompanied market cap growth in the past.
These Altcoins Have A High Amount Of Active Addresses Right Now
In a new post on X, the on-chain analytics firm Santiment has discussed some altcoins that are seeing a high amount of address activity on their networks at the moment.
The relevant indicator here is the “daily active addresses,” which keeps track of the total number of unique addresses of a cryptocurrency that are participating in some kind of transaction activity on the blockchain.
The unique number of wallets can be equated with the number of unique users visiting the blockchain, so this metric’s value can tell us about how the traffic on the network is looking right now.
When the indicator has a high value, it suggests that a large number of users are participating in trading activity currently, which can be a sign that interest in the asset is high.
On the other hand, the metric
We współpracy z: https://bitcoinist.com/santiment-reveals-altcoins-set-for-bullish-growth/
