These Could Be The Altcoins To Pay Attention To: Santiment
Submitted by Anonymous (not verified) on Fri, 11/10/2023 - 21:10The on-chain analytics firm Santiment has explained why some altcoins could be worth paying closer attention to right now.
The on-chain analytics firm Santiment has explained why some altcoins could be worth paying closer attention to right now.
Data shows a huge amount of liquidations have occurred on the crypto futures market today following Bitcoin’s sharp surge toward $37,000.
Data shows that Bitcoin Inscriptions have observed a resurgence recently, leading to a boost in the transaction fee of the miners.
On-chain data shows all the Bitcoin cohorts are showing accumulation behavior right now, the first time it has happened this year so far.
Data shows the current Bitcoin cycle is lining up against the historical ones in terms of the returns that the asset has seen since hitting its bot
Data shows the Bitcoin mining hashrate has continued its unstoppable rise recently as it has set another new all-time high (ATH).
On-chain data shows the Bitcoin Network Value to Transactions (NVT) ratio is inside the overheated territory currently.
On-chain data suggests the Bitcoin rally could continue further as the sector is still observing significant positive capital netflows.
Here’s how much a “51% attack” would cost for Bitcoin based on the total hashrate connected to the blockchain right now.
As the crypto sector has seen an uplift recently, traders have been wondering if the altcoin season is here. Here’s what Glassnode says.
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