Data from Santiment shows that several altcoins have registered an increase in address activity, which may make them worth keeping an eye on. Bitcoin Cash & Other Altcoins Have Observed A Rise In Active Addresses As explained by the on-chain analytics firm Santiment in a new post on X, some alts are seeing rising activity despite the cooldown that the overall cryptocurrency sector has observed in the past couple of days. The indicator of interest here is the “daily active addresses,” which keeps track of the total number of unique addresses of any given coin that are interacting on the blockchain in some way every day. The metric accounts for both senders and receivers. By “unique,” what’s meant here is that any address participating in transaction activity on the blockchain is only counted once, regardless of how many transfers it may be involved in. Related Reading: Can Bitcoin Continue Its Run? These Factors Could Suggest So This restriction helps provide a more accurate representation of the actual activity on the network, as just a few addres ..
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