Cryptocurrency

Toncoin

Dogecoin

when

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<p lang="en-GB" xml:lang="en-GB">On-chain data aggregator Santiment spread the word about increased whale activity over the past half a year. The original <a href="https://u.today/ancient-dogecoin-doge-whale-suddenly-wakes-up-after-10-years">meme cryptocurrency DOGE</a> has outplayed XRP, ADA and several other major altcoins.</p>
<p lang="en-GB" xml:lang="en-GB">DOGE has almost beaten Bitcoin and Ethereum, but not quite. Bitcoin and Toncoin have reached new highs.</p>
<h2 id="bitcoin-wallets-print-ath-but-ton-still-expands-faster">Bitcoin wallets print ATH, but TON still expands faster</h2>
<p lang="en-GB" xml:lang="en-GB">A tweet published earlier today shows that the world’s largest and primary cryptocurrency Bitcoin has staged an all-time high in nonempty addresses as this metric reached 53.85 million wallets in the past six months.</p>
<p lang="en-GB" xml:lang="en-GB">Toncoin (TON) wallets have surged to a 16,800 high. However, this network has been growing at a much faster pace than BTC.</p>
<h2 id="doge-beats-ada-xrp">DOGE beats ADA, XRP</h2>
<p lang="en-GB" xml:lang="en-GB">Santiment’s report continues, showing that, in terms of percentage growth, TON is at the top of the list with a massive 110% increase, leading it to a total of 16,800 nonzero wallets in the past half year.</p>
<p>Dogecoin follows this crypto with 27% growth and the 6.6 million wallet milestone achieved by now. Bitcoin and Ethereum have printed modest increases of 10% and 11%, however, their number of wallets has spiked to 53.9 million and 120.7 million, respectively.</p>
<blockquote>
 <p lang="en" dir="ltr">📊 Sorted by greatest growth in the past 6 months, here is the net change of non-empty wallets among top market caps in <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw">#crypto</a> (apologies to <a href="https://twitter.com/hashtag/BinanceCoin?src=hash&amp;ref_src=twsrc%5Etfw">#BinanceCoin</a> and <a href="https://twitter.com/hashtag/Solana?src=hash&amp;ref_src=twsrc%5Etfw">#Solana</a>, not pictured in this study): 🪙<a href="https://twitter.com/hashtag/Toncoin?src=hash&amp;ref_src=twsrc%5Etfw">#Toncoin</a> <a href="https://twitter.com/search?q=%24TON&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TON</a> 16.8K wallets (+110% growth) 🪙 <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> 6.6M wallets… <a href="https://t.co/IhjJn6syn2">pic.twitter.com/IhjJn6syn2</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1786226227873042568?ref_src=twsrc%5Etfw">May 3, 2024</a>
</blockquote> 
<p>XRP and ADA are at the bottom of the list here, below Bitcoin. XRP nonempty wallets have increased by 7% (5.2 million in total), and ADA’s growth constituted 0%. The Cardano chain remains at the 4.5 million nonzero wallet level.</p>
<h2 id="analyst-predicts-massive-doge-bull-run">Analyst predicts massive DOGE bull run</h2>
<p lang="en-GB" xml:lang="en-GB">Cryptocurrency analyst and trader Ali Martinez, whose popularity on the X platform has greatly expanded recently, shared on his account that he expects <a href="https://u.today/dogecoin-doge-epic-breakout-scenario-predicted-by-crypto-analyst">DOGE to stage a bull run</a>. Therefore, he published a thread to clarify his prediction.</p>
<p lang="en-GB" xml:lang="en-GB">Martinez explained that the correction Dogecoin is currently undergoing is normal for this meme coin and has been observed before DOGE broke into a bull run in the past.</p>
<blockquote>
 <p lang="en" dir="ltr">Now, in 2024, <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw">#DOGE</a> has yet again broken out of a descending triangle!It is currently undergoing a 47% price correction, very similar to previous cycles, which could ignite the next <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> bull run! <a href="https://t.co/ZmuHmvIwei">pic.twitter.com/ZmuHmvIwei</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1785808743709434096?ref_src=twsrc%5Etfw">May 1, 2024</a>
</blockquote> 
<p lang="en-GB" xml:lang="en-GB">He referred to 2017, when DOGE broke out of a descending triangle pattern. In that year, the meme coin dumped 40% before it started on a massive 982% bull run. A similar scenario played out in 2021; a retracement by 56% occurred before a 12,197% surge and the all-time high. Currently, Dogecoin has again broken out of a similar pattern and is expected to ignite a bull run.</p>

Dogecoin Outperforms XRP, ADA in Crucial Metric in Past 6 Months: Report

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