number of new Ethereum addresses has increased dramatically.
Higher-cap cryptocurrencies seem to have struggled to keep up with the altcoin stars.
As the cryptocurrency market continues to overcome hurdles, it has now reached the great alt season. After Bitcoin reached its highest peak in the early parts of the fourth quarter, money poured into the highest altcoin. new fancy green charts have emphasized the cash flow of most cryptocurrencies.
While the market leader Bitcoin was around $ 61,000. However, Altcoin star Ethereum outperformed the most valuable asset by 13.55 percent. Interestingly, cryptocurrencies like Sandbox (SAND), Arweave (AR), and Jasmy Coin (JASMY) followed the altcoin leader.
In the fourth quarter, Bitcoin and Ethereum became fierce rivals. While flagship activity slowed after hitting a new ATH of $ 66,930, the stellar cryptocurrency continued to shine. In terms of going about business, the two are in a tight race.
According to a recent Holiness analysis, the number of new Ethereum addresses has increased dramatically. analysis revealed a 995k network growth, its biggest week since mid-May. One million addresses are used in Bitcoin.
High season bullish movement
Interestingly, the larger-cap cryptocurrencies seem to have struggled to keep up with the flagship altcoins. Notably absent from the current alt season are gimbal, Ripple, Dogecoin, and others. However, cryptocurrencies with significant market capitalization like SAND, Arweave, and Jasmy have been generating a lot of buzz recently.
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Another Santiment study shows the best performing cryptocurrencies recently. SAND token has risen more than 313% last week. research also looks at Arweave and Jasmy. Some of the top 10 cryptocurrencies, including ADA, XRP, and DOGE, were unchanged without significant growth. Also, Arweave just played ATH looking for new effects.
Due to the Chinese market crash in May, the Jasmy coin went from $ 2.5 to $ 0.08. However, the recent increase of the coin of more than 300 percent demonstrates its great ability to return on previous highs. In general, the trend in cryptocurrencies has shown several twists in the current bull cycles.
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