Santiment noted that stablecoins in the cryptocurrency market have increased steadily in the last 4 months, which is a clear bullish indicator.
On-chain analysis platform Santiment, dated January 29 in the post, focused on the flow of stablecoins in the cryptocurrency market. past 4 months old leading stablecoins in the process Tether (USDT), USD Coin (USDC), Dai (DAI), BUSD (BUSD) And TrueUSD (TUSD) market value 7.9% increase Santiment pointed out that this situation is a typical bull He emphasized that it was an indicator.
Especially where significant increases have begun As of October 2023 While it is pointed out that the stablecoin market value has also increased during this time Net increase of $9.42 billion It was recorded that it happened.
Santiment has in its hands during this rise. Holding more than $5 million in stablecoins of whales While stating that it dominates more than half of the stablecoin supply, major players are actively involved in the market. a positive signal was seen as.
Market cap of Tether, which currently leads the stablecoin market to 96 billion dollars reached, the company managed to be the name that received the largest share of the increases.