STG Network Growth Hits ATH Despite Its Price Dwindling

• Santiment tweeted that Stargate’s network growth on ARB reached an ATH yesterday.
• STG’s price has been in a decline since reaching a peak on 18 February.
• In related news, the prices of ARB and STG both printed 24-hour losses.

Santiment (@santimentfeed), tweeted this morning that Stargate’s network growth on Arbitrum managed to hit an all-time high (ATH) yesterday despite its price retracing 51% since its peak, which was reached on 18 February.

According to the tweet, Stargate (STG) saw 4,683 new addresses created yesterday. Santiment also stated that the increase in new active addresses on the Stargate Network could be linked to active voting.

#Stargate's network growth on #Arbitrum managed to hit an #AllTimeHigh yesterday despite its -51% price retrace since its Feb 18th top. Our latest insight discusses the Stargate DAO active voting as a likely contributor, and its high risk/reward nature. https://t.co/tcCFElDy2m pic.twitter.com/kpV6JKhRPv

— Santiment (@santimentfeed) March 28, 2023

At press time, the price of STG has fallen 1.87% in the last 24 hours according to CoinMarketCap. As…

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