AI technology is gaining significant traction globally, and the same trend applies to cryptocurrency.
Investors continue to integrate AI-driven tokens into their portfolios, with $RLC standing out as a key player.
Despite experiencing a steep 77% drop from its peak of $4.70, $RLC has remained relatively stable, consolidating for over 140 days.
Currently, AI-tech is highly popular worldwide and of course, the same applies to Crypto. AI always holds a key position in investors' portfolios.$RLC is one of the AI-related coins that should not be overlooked. After a 77% drop from its peak of $4.7, $RLC has been… pic.twitter.com/uqIRuUyG7f
— Badman (@Badmanbtc) November 28, 2024
Here are five important on-chain metrics for $RLC:
1. Address Growth: The number of wallets holding $RLC has steadily increased, with almost 25,000 addresses now holding the token. This consistent growth shows a positive trend, even if it’s not as explosive as during the previous bull market.
2. New Addresses: There’s a noticeable rise in new addresses, indicating renewed interest in the token. While not at the same level as the last bull run, this suggests that $RLC is still on the radar of investors.
3. Daily Transactions: The $RLC network sees around 185 transactions each day, showing a healthy level of daily activity. This indicates that the token is actively being traded and utilized within its ecosystem.
4. Hodler Strength: A significant 54% of $RLC tokens are held by long-term investors. This reflects the confidence of holders who are not looking for short-term gains, contributing to the token’s stability.
5. Profitable Holders: Around 65% of current holders are in profit. This suggests that the majority of investors who have held $RLC are seeing positive returns, despite recent price fluctuations.
These metrics offer valuable insight into $RLC’s position in the market, suggesting a stable, long-term outlook despite recent volatility.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.