[뉴욕=박재형 특파원] Bitcoin Systemy reported on the 4th (local time) that while major stocks such as Bitcoin are declining overall in the cryptocurrency market, some altcoins are showing notable movements.
Bitcoin, which soared to $28,500 at the start of the fourth quarter, was unable to continue and retreated to the $27,000 level.
While Bitcoin and major altcoins continue to decline, some altcoins are showing positive results.
Cryptocurrency analysis company Santiment said that altcoins named Bitcoin Cash (BCH), Smooth Love Potion (SLP), Mask Network (MASK), Lever Finance (LEVER), and Civic (CVC) stand out.
Santiment said that although the market has cooled for two days in a row, the number of unique addresses on these altcoins’ networks is growing rapidly.
An increase in on-chain addresses for a particular altcoin is generally interpreted as a clear sign that the stock is growing in popularity among investors and could lead to a rise in price.
Additionally, according to Santiment, trading volume has increased significantly as demand for the largest stablecoin, Tether (USDT), has increased.
An increase in USDT trading volume is often seen as a sign that new capital is flowing into the cryptocurrency industry.
Breaking news through Block Media Telegram (click)
The proportion of Tether (USDT) on exchanges reaches a 6-month high… Signs of increased investor interest
2023-10-04 14:03:00
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