Santiment: Massive Bull Signals Appear In These 5 Altcoins!
Famous crypto analytics firm #Santiment points to some bullish signals in five altcoin projects. According to the company, now these 5 altcoin projects can follow in the footsteps of ETH!
➡️Santiment: These signals are bullish indicators for cryptocurrencies!
In a new blog post, Santiment says they track the activity of the cryptocurrencies compared to the number of new addresses created for each cryptocurrency and the number of deposits on exchanges. According to the research firm, this could potentially be interpreted as an upside signal when the number of new addresses and the amount of activity increase, while the amount of deposits in the stock markets decreases. Santiment adds the following to his comments on the subject:
WHEN ACTIVE DEPOSITS ARE FALLING, WHILE ACTIVE ADDRESSES RISE FOR A CRYPTOCURRENCY OVER TIME, THIS IS A RELIABLE INDICATOR OF A GROWING BENEFIT WITHOUT TRANSFERRING MONEY TO EXCHANGES FOR POTENTIAL SALES. IN OTHER WORDS, THIS IS A VERY BULLISH MODEL THAT PROFESSIONAL TRADERS ARE OFTEN LOOKING FOR.
Attention These 39 Altcoin Investors: Here They Will Happen This Week!
Santiment: These bullish signals led Ethereum (ETH) to ATH
Santiment gives an example that confirms this assessment. According to the company, Ethereum (ETH), the second largest cryptocurrency by market cap, saw ATH with similar signals. Santiment adds the following to his comments on the subject:
WHEN WE UPDATED OUR PREVIOUS STATEMENT, ETHEREUM JUMPED TO ITS ALL-TIME HIGH OF $ 2,143. OUR ETH DATA PROVIDES 101 TEXTBOOK EXAMPLES OF WHY THIS IS: RISING DAILY NEW ADDRESSES GENERATED THE RISING ADDRESS EVENT. THE DECREASE IN FOREIGN CURRENCY DEPOSITS ALSO CONTRIBUTED TO THIS ...
Source: Santiment / Twitter
Santiment: Now 5 altcoin projects can follow in the footsteps of ETH!
These data I Etherea 'u after the launch Santiment, now 5 reveals that cry out the same signal Altcom the project. According to Santiment, this suggests that cryptocurrencies could follow in the footsteps of ETH as potentially starting a new bull rally. The altcoins that Santiment draw attention to are:
#Enjin Coin (ENJ)
Ethereum, which generally sets the trend of altcoins, is currently trading at $ 2,100 with a market value of $ 243 billion.