Crypto on-chain analytics firm Santiment, leading crypto Bitcoin (BTC) and leading altcoin Ethereum (ETH), if not Shiba Inu (SHIB), hits new highs in 2022 in terms of active addresses, one of the key indicators for crypto assets announced that he had seen According to the analytics firm, this could herald a big leap forward. For details, continue reading Kriptokoin.com.
Not SHIB, the leading altcoin is preparing for the big leap
As it is known, the most criticized issue of Ethereum and making it advantageous against its competitors was the burning transaction fees. However, there is a new development in the leading altcoin. According to on-chain analytics firm Santiment, Ethereum transaction fees are falling, which is a pretty good sign for the leading smart contract platform:
Transaction fees are now officially at their lowest since July 28, 2021. Low fees often maximize the likelihood of a bounce.
According to the data of the leading altcoin CoinMarketCap, which has dipped below $ 3,000 recently, it has risen above this level again and at the time of writing, it has risen to $ 3,118.93 with a gain of 6.40% in the last 24 hours. he was seeing. Indicators are positive for Bitcoin, according to
Santiment
Santiment also announced on Saturday that the number of daily active Bitcoin (BTC) addresses reached 1.08 million, the highest level of the year so far. According to the crypto analytics firm, this is potentially a bullish sign:
The increase in users transacting on the Bitcoin network is a nice sign of increased utility and a precursor to price increases.
At the time of writing, Bitcoin price has increased by 3.98% to $44,275.81 in the last 24 hours. The crypto asset, which is in the leading position by market cap, is currently in the gain zone of about 2% compared to its price a week ago.
After several price drops last Friday, BTC’s supply on exchanges has slumped to 10.87% of its total supply, which is the lowest point since December 2018 according to Santiment. The on-chain analytics firm says the current drop in supply on crypto exchanges is another potential positive development for BTC.
In general, this constant trend of cryptocurrencies moving from exchanges limits the risk of big selling.
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