Dogecoin Rockets Up 12%, But This FOMO Signal Could End Rally

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Dogecoin Rockets Up 12%, But This FOMO Signal Could End Rally - NewsBTC

Quick Summary:

Dogecoin Investors Have Been Showing Signs Of FOMO Recently In a new post on X, the on-chain analytics firm Santiment has discussed about how the trend in the Total Amount of Holders has been like for the various top coins in the cryptocurrency sector.

Related Reading: Dogecoin Analyst Reveals Buying Opportunities At Lower Prices – Details The “Total Amount of Holders” here refers to an indicator that, as its name suggests, keeps track of the total number of addresses on a given network that are carrying a non-zero balance.

Now, here is a chart that shows the trend in the Total Amount of Holders for Bitcoin, Dogecoin, and other top assets: As displayed in the above graph, most of the assets have registered an increase in Total Amount of Holders recently, but Bitcoin has gone against the grain as its non-zero wallets have declined instead.