Analysts at market intelligence platform Santiment suggest that the Ether market may experience increased volatility, potentially leading to a recovery.
Through an examination of Ether’s
on-chain activity, market intelligence platform Santiment has published a report indicating that the
count of daily active Ether addresses experienced a notable increase, reaching around 1,089,893 on Sept. 13.
This recent upsurge represents the second-highest number of daily active addresses ever recorded in
Ethereum’s history. The highest count was registered on Dec. 9, 2022, aligning with Ether’s
reevaluation following its losses from the post-2021 bear market.
As a result, analysts at Santiment suggest that the Ether market may experience increased volatility,
potentially leading to a recovery. Additionally, this uptick in on-chain activity indicates a growing
demand for the underlying asset.