PEPE, FET See Sharp Growth In Adoption: Rally Soon?
Release: 2024/07/04 12:04 Reading: 985
- Original author：Bitcoinist
- Original source：https://bitcoinist.com/?p=308480
On-Chain Data Highlights Altcoins with Bullish Growth
Recent on-chain analysis from Santiment reveals a notable surge in network growth for several altcoins, including PEPE, FET, and ENS.
Network Growth: An Indicator of User Adoption
Network Growth tracks the creation of new addresses on a blockchain, signifying new users or the return of previous ones. While it can indicate an influx of addresses for privacy reasons, it often reflects net adoption.
Significant Growth Observed
The following chart illustrates the trend in Network Growth for PEPE, FET, and ENS:
src="/uploads/20240704/172006932066862cc89c281.png">
All three assets have experienced a spike in Network Growth, indicating a recent surge in new address activity.
PEPE Leads Adoption
With a Network Growth value of 4,196, PEPE emerges as the altcoin experiencing the most significant adoption. ENS and FET follow with values of 231 and 1,598, respectively.
Historical Implications of Adoption
Historically, adoption has been a positive indicator for cryptocurrencies. A wider user base provides a foundation for future price appreciation.
Short-Term Considerations
In the short term, network growth spikes can be mixed. While they may reflect FOMO, they can also indicate bullish sentiment, especially when accompanied by price declines.
Price Performance
At the time of writing, PEPE trades at $0.00001043, down approximately 18% over the past week. ENS, on the other hand, has seen a 9% surge in the same period.
Conclusion
On-chain data suggests that PEPE, FET, and ENS have experienced a significant influx of new users. While this adoption is generally seen as a positive sign for long-term growth, short-term price movements may vary based on market sentiment.
Recent news
More>- Homosexual Pepe Solana Memecoin to Rally 18,000% Before Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- BTFD Presale Captivates Investors in the Best New Meme Coin Presales for Significant Returns as PEPE and SPX6900 Dominate the Scene Fuel the... 01-01
- Homosexual Pepe (HOMOPEPE) Solana Memecoin to Rally 18,000% Before Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- The Metrics Pointing to Massive Potential for WIF, JASMY, and PEPE in 2025 01-01
- BTFD Coin’s Presale is Unmissable Amid Pepe and Moo Deng’s Crypto Hype: Best Meme Coin Presales to Join This Week 01-01
- Homosexual Pepe (HOMOPEPE) Solana Memecoin to Rally 18,000% Ahead of Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- Crypto Gems for the Next Quarter: Top 5 Tokens to Watch 01-01
- Why $PEPE Jumped 20% Today And Which Coin Could Be Next 01-01
- Best New Meme Coins to Join for Short Term: BTFD Raises $4.7M in Presale as BONK Boasts Low-Cost Transactions and PEPE Enjoys Steady Followi... 01-01
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Missed Pepe Unchained? Don’t Worry, This New Pepe-Themed Meme Coin Will Produce Bigger Gains in 2025
- 8 Top 4 Altcoins At 70% Discounts – Last Chance!
- 9 Smart $Pepe trader makes $11.7M profit during Market Drop
- 10 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com