This morning, Santiment (@santimentfeed) reported that Stargate’s network growth on Arbitrum achieved an impressive all-time high (ATH) yesterday, despite experiencing a 51% price retracement since its peak on 18 February. The data highlights the resilience and potential of the Stargate network, even in the face of market volatility.
As per the latest tweet, Stargate (STG) witnessed a remarkable surge of 4,683 new addresses created yesterday. The data analytics firm, Santiment further suggested that this spike in new active addresses on the Stargate Network could be attributed to the ongoing voting activities. Such a noteworthy development certainly highlights STG’s growing popularity and adoption among the crypto community.
According to the latest data from CoinMarketCap, the price of STG has experienced a 1.87% decline in the past 24 hours. As a result, the current value of STG stands at $0.6355. Furthermore, STG has also weakened against Ethereum (ETH) by 0.49% during the same period. However, STG has strengthened against the crypto market leader, Bitcoin (BTC), by 0.90% in the latest 24-hour cycle. These market fluctuations demonstrate the cryptocurrency industry’s dynamic nature and the importance of staying informed.
The estimated daily trading volume for STG has surged by an impressive 46.65%, reaching a noteworthy $16,493,243. Additionally, STG’s market capitalization is estimated to be $102,001,905, placing it at the 255th spot in market cap size. These figures reflect the robust performance of STG in the market, indicating its potential as a valuable investment opportunity.
In the past 24 hours, Arbitrum (ARB) has experienced a decline in its price. According to CoinMarketCap, ARB’s value has decreased by 8.61% and is currently trading at $1.15. Unfortunately, ARB could not surpass the performance of BTC and ETH, as it weakened by 6.17% and 7.45% against the two leading cryptocurrencies, respectively.
In the past 24 hours, the daily trading volume of ARB has experienced a 10.33% decrease. This translates to a current total trading volume of approximately $977,002,511 for the altcoin.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
