Price: $0.38526 2.0917%
Market Cap: 56.59B 1.7402%
Volume (24h): 8.04B 0.4%
Dominance: 1.7402%
Price: $0.38526 2.0917%
Market Cap: 56.59B 1.7402%
Volume (24h): 8.04B 0.4%
Dominance: 1.7402% 1.7402%
  • Price: $0.38526 2.0917%
  • Market Cap: 56.59B 1.7402%
  • Volume (24h): 8.04B 0.4%
  • Dominance: 1.7402% 1.7402%
  • Price: $0.38526 2.0917%
Home > Information news > Santiment Analysts Announced: “This Development in Cardano (ADA) Usually Precedes Price Spikes”

Santiment Analysts Announced: “This Development in Cardano (ADA) Usually Precedes Price Spikes”

Release: 2023/11/28 07:17 Reading: 361

Original author:Bitcoin Sistemi

Original source:https://coinmarketcap.com/community/articles/6564fe9cc4b5475306fea6ac

In an impressive development, the number of Dogecoin (DOGE) wallets with funds exceeded 5 million for the first time.

On the other hand, the rate of increase in the number of wallets holding balance in Bitcoin (BTC), the world's largest cryptocurrency, decreased. According to analysts at cryptocurrency analysis company Santiment, the slowdown in this data means that big whales are selling profits after buying transactions in BTC.

However, Santiment analysts interestingly pointed out that the number of Cardano (ADA) wallets containing coins has decreased. According to analysts, the decline in this data means capitulation and usually occurs just before the jumps in price.

Related News: JUST IN: Judge Says Former Binance CEO Changpeng Zhao Can't Leave US Before Sentencing

The number of Bitcoin wallets with balance in them increased by 0.25% to 50.91 million in the last four days, and the number of Dogecoin wallets increased by 2.52% to 5.39 million, which is considered a large increase. On the other hand, the number of Cardano wallets decreased by 0.59% to 4.46 million in the last ten days.

Santiment analysts also argued that between August 19 and October 16, 3.54% of the total supply of Tether (USDT) and 0.72% of the total supply of USDC were transferred to central exchanges and that these transfers were actually a preparation for the last rally.

*This is not investment advice.

Continue Reading: Santiment Analysts Announced: “This Development in Cardano (ADA) Usually Precedes Price Spikes”

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.