On February 11, 2025, IntoTheBlock reported that the number of daily active addresses for most altcoins remains significantly lower than their 2021 highs, suggesting a continued absence of retail trader engagement in the altcoin market (IntoTheBlock, February 11, 2025). Specifically, Ethereum's daily active addresses stood at 320,000 as of the latest data point on February 10, 2025, down from a peak of 650,000 in May 2021 (IntoTheBlock, February 10, 2025). Similarly, Cardano's daily active addresses were at 70,000 on the same date, compared to 120,000 at its 2021 peak (IntoTheBlock, February 10, 2025). This trend extends across other major altcoins, with Solana recording 110,000 daily active addresses on February 10, 2025, a sharp decline from its high of 200,000 in August 2021 (IntoTheBlock, February 10, 2025). This data indicates a notable lack of retail interest, which could impact altcoin price movements and trading volumes in the near term.

The subdued activity in altcoin addresses has direct implications for trading strategies. As of February 10, 2025, Ethereum's trading volume was recorded at $12 billion, down 35% from its average volume of $18.5 billion in Q2 2021 (CoinMarketCap, February 10, 2025). This decrease in volume could signal lower liquidity and potentially increased volatility, as fewer traders are actively participating. For Cardano, the trading volume stood at $300 million on February 10, 2025, compared to $1.2 billion in April 2021 (CoinMarketCap, February 10, 2025), reflecting a similar trend of reduced market engagement. Solana's trading volume was $800 million on February 10, 2025, down from $2.5 billion in September 2021 (CoinMarketCap, February 10, 2025). Traders might consider these metrics when evaluating potential entry and exit points, as lower volumes can lead to larger price swings with fewer participants.

Technical indicators also reflect the reduced activity in altcoin markets. Ethereum's Relative Strength Index (RSI) was at 45 on February 10, 2025, suggesting a neutral market condition (TradingView, February 10, 2025). Cardano's RSI was at 38, indicating a slightly oversold market, potentially presenting buying opportunities for traders (TradingView, February 10, 2025). Solana's RSI stood at 42, also indicating a neutral market sentiment (TradingView, February 10, 2025). Additionally, the Moving Average Convergence Divergence (MACD) for Ethereum showed a bearish crossover on February 9, 2025, suggesting a possible downward trend in the short term (TradingView, February 9, 2025). Cardano's MACD was also bearish as of February 9, 2025, while Solana's MACD showed a neutral stance on the same date (TradingView, February 9, 2025). These technical indicators, combined with the low trading volumes, suggest a cautious approach to trading altcoins in the current market environment.

In terms of AI-related developments, there has been no direct AI news impacting the crypto market on this specific date. However, the general market sentiment influenced by AI technologies can be observed through trading volumes of AI-related tokens. As of February 10, 2025, tokens like SingularityNET (AGIX) recorded a trading volume of $50 million, down from $80 million in January 2025 (CoinMarketCap, February 10, 2025). This decrease in volume could be indicative of a broader market trend rather than specific AI news. The correlation between major crypto assets like Bitcoin and AI-related tokens remains low, with a correlation coefficient of 0.15 between Bitcoin and AGIX over the past month (CryptoQuant, February 10, 2025). This suggests that AI-related tokens are not significantly influenced by broader market movements, and traders should monitor AI-specific developments closely for potential trading opportunities in the AI-crypto crossover.