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

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.

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Article Details

Author / Journalist: Keshav Verma

Category: Crypto

Markets: United KingdomIndiaJapan

Topics: Dogecoin FOMO Dogecoin Rally Dogecoin Dogecoin holders Dogeusdt Doge

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 04:00:03 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 464 words

Reading Time: 3 minutes read

Sentences: 64 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23440788

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Main Topics: Crypto

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