Crypto NewsAltcoinSantiment Reveals 11 Altcoins It Claims to Have a Bullish Signal

Santiment Reveals 11 Altcoins It Claims to Have a Bullish Signal

Cryptocurrency analysis company Santiment shared the altcoins that it thinks have a bull signal in its post.

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Cryptocurrency analysis company Santiment analysts examined altcoins that gave bullish signals according to onchain data.

When today's onchain indicators were examined, analysts provided information about cryptocurrencies that made sudden peaks in favor of the bulls compared to their three-month averages.

According to analysts, the altcoins that experienced a sudden peak in the number of unique active addresses were listed as AERGO and AXS. In addition, AERGO was at the top again in the number of new addresses on the network, indicating the growth in the network.

According to the statement of Santiment analysts, the cryptocurrencies that peaked in whale transactions above $ 100,000 were AERGO, ELON and SLP.

The altcoins with the highest Shark and Whale wallet token accumulation metric, i.e. the ratio of wallets worth between $100,000 and $1,000,000 of an asset to the total supply, were ranked as Merit Circle (MC) and The Graph (GRT).

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Cryptocurrencies that started to be mentioned more on social media platforms than other assets were determined as MANA and INJ.

Santiment analysts identified MAGIC as the altcoin with a clear peak in the number of tokens transferred out of central exchanges compared to others. Analysts found that AXS and ADA stood out in the “average age” data, which is determined according to the date when the tokens in the cryptocurrency wallets were added to the wallets.

In the “consumed age” data, which is equal to the number of coins moved in a day multiplied by how long these coins have been in the previous wallet, the noteworthy altcoins were listed as ADA and OGN.

*This is not investment advice.

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