CandleFocus Santiment Made References to 2017 and 2021: "Despite the Fall, Bitcoin and These Two Altcoins Are Sending Bullish Signals!"
2024-12-11
Author: Content Editor
Cryptocurrency data provider Santiment has highlighted the "Mean Dollar Invested Age" metric as a bullish signal for Bitcoin and altcoins, despite recent market declines. The metric measures the average age of investments in different cryptocurrencies, with Santiment noting that as the average age decreases, it suggests that older and dormant wallets are becoming active again, increasing network activity. The data shows that Bitcoin's investment age has decreased by 31% in the last 60 weeks, XRP's by 22% in 14 weeks, and Dogecoin's by 31% in 8 weeks. Santiment believes that while short-term price fluctuations may continue, this indicator points to an upward trend in the medium and long term.
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