Stellar (XLM) price rallied nearly 6% on the day on Monday. On-chain analysts at crypto intelligence tracker Santiment analyzed this spike and identif
Apart from popularity in social media, there are other on-chain metrics that seem to support an upcoming upward trend for these tokens. A high number of Whale transaction count, which keeps track of the number of transfers exceeding $100,000, can be a sign of a change in price trend as activity from large-wallet investors has the potential to move the asset’s price.
In Toncoin’s case, past increases in whale transaction count seen on June 10 and June 22 led to price rallies, data from Santiment shows. Transactions have increased again recently increasing the chances for another upward swing. TON price vs social dominance vs whale transaction count The total number of holders of a certain asset can also give clues over its performance. Generally, a rising number of users leads to a rising price of any project. This has happened with Arbitrum, whose users are on the rise since mid-August.
The increasing number of ARB holders and social dominance have both been associated with a price rally in the Layer 2 token as seen already on August 25 and August 29. Based on the on-chain metrics and the initial price rise in TON, XMR and ARB, these three altcoins are likely to yield gains for holders this week.Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money.
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