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Despite the Market Downturn, Altcoins Are Showing Signs of Rebound
March 14, 2025 | By Vignesh Karunanidhi
In a surprising turn of events, altcoin metrics have revealed signs of rebound despite the broader market’s lackluster performance. According to Santiment, select projects are displaying promising signals that could potentially foreshadow a reversal in the current downturn.
As the overall crypto market continues to grapple with uncertainty and bearish sentiment, certain altcoins have bucked the trend by showcasing increased on-chain activity. Dogecoin has taken the top spot in address activity, suggesting an uptick in user engagement and potential utility growth. This development is particularly noteworthy, as such a surge in activity typically precedes a market turnaround.
PAX Gold, another project that defied expectations, demonstrated substantial network growth, implying an increased participation from users and whales alike. The token’s performance is all the more impressive given its stable nature, which often correlates with market downturns. Magic Token also made a notable appearance, as whale transaction metrics revealed significant accumulation by institutional investors.
On-chain activity, usually considered a leading indicator of price movements, has turned out to be a silver lining for select altcoins. Dogecoin and StormX (although not explicitly mentioned in the report) demonstrate a clear uptick in user participation and engagement despite the market’s current funk.
Source: https://cryptotale.org/despite-the-market-downturn-altcoins-are-showing-signs-of-rebound/
