JUST

Cardano

Dogecoin

USDC

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.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4b8.png" alt="💸" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> traders are profit taking, as growth in existing wallets with more than 0 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> has slowed. Meanwhile, <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Dogecoin</a> wallets are surging and <a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Cardano</a> wallets are dropping in number. Drops are a sign of capitulation, often foreshadowing price jumps. <a href="https://t.co/YXdnA9vo4I" rel="noopener noreferrer nofollow">https://t.co/YXdnA9vo4I</a> <a href="https://t.co/jF5VaWEL9n" rel="noopener noreferrer nofollow">pic.twitter.com/jF5VaWEL9n</a>
 — Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1729206130159874269?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 27, 2023</a>
</blockquote>
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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: <a href="https://en.bitcoinsistemi.com/santiment-analysts-announced-this-development-in-cardano-ada-usually-precedes-price-spikes/" rel="noopener noreferrer nofollow">Santiment Analysts Announced: “This Development in Cardano (ADA) Usually Precedes Price Spikes”</a>

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

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