Dogecoin

Bitcoin

Impact

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/altcoin-holders-impact-crypto-market-dynamics" data-wpel-link="internal" rel="noopener noreferrer nofollow">Altcoin Holders Impact Crypto Market Dynamics</a><br></p>
<p style="text-align: justify">As <a href="https://en.bitcoinhaber.net/bitcoin-exchange-reserves-reach-historic-low" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> struggles to maintain its value below the $100,000 threshold, altcoins like Ethereum, Dogecoin, Cardano, and <a href="https://en.bitcoinhaber.net/peter-brandt-predicts-xrp-coins-bright-future" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP</a> are drawing increased interest. Recent analysis from Santiment reveals that the number of long-term holders, or HODLers, of these altcoins has fluctuated significantly since the year began, indicating a notable effect on each asset’s ecosystem.</p>
<h2 id="what-sets-ethereum-and-xrp-apart">What Sets Ethereum and XRP Apart?</h2>
<p style="text-align: justify">Focusing on a survey of six cryptocurrencies, including <a href="https://en.bitcoinhaber.net/vodafone-joins-chainlink-as-node-operator-to-enhance-blockchain-adoption" data-wpel-link="internal" rel="noopener noreferrer nofollow">Chainlink</a>, Santiment found that while Chainlink saw a decline of 3,300 HODLer wallets, Ethereum and XRP showcased impressive growth. Ethereum boasted an addition of 645,000 wallets, reinforcing its position as a popular choice among retail traders. XRP, on the other hand, gained 58,000 new HODLers, signaling its growing traction.</p>
<h2 id="is-dogecoin-leading-the-meme-coin-trend">Is Dogecoin Leading the Meme Coin Trend?</h2>
<p style="text-align: justify">Dogecoin, the only meme coin included in the survey, attracted 29,000 new long-term investors. In stark contrast, Cardano lagged with a mere 2,800 wallets supporting its long-term potential. Santiment noted that fluctuations in HODLer numbers correlate with the volatile nature of crypto prices as the market anticipates developments in 2025.</p>
<p>– Ethereum’s growth reflects strong retail interest.<br> – XRP’s upward trend suggests increasing investor confidence.<br> – Dogecoin maintains a solid foundation with its meme appeal.</p>
<p style="text-align: justify">Despite the current market volatility, forecasts suggest a thriving altcoin season is on the horizon. Galaxy Research predicts that Dogecoin may surpass the $1 mark by year-end, driven by strategic management efforts. Meanwhile, Ethereum is also expected to thrive, with projections estimating it could reach record highs of $7,000 within the same timeframe.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/altcoin-holders-impact-crypto-market-dynamics" data-wpel-link="internal" rel="noopener noreferrer nofollow">Altcoin Holders Impact Crypto Market Dynamics</a></h5>

Altcoin Holders Impact Crypto Market Dynamics

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