Santiment: USDT Daily Active Addresses Hit 6-Month High, Traders May Be Getting Ready to Buy

BlockBeats News, March 13th, Cryptocurrency analytics firm Santiment posted on social media that Tether's on-chain activity has been rapidly increasing, with over 143,000 wallets conducting transactions just yesterday (reaching a 6-month high). When USDT and other stablecoin activities surge during a price drop, it usually indicates that traders are preparing to buy. The increased buying pressure helps the cryptocurrency price to recover.