According to the post made by Santiment dogecoin The number of wallets holding has increased at an unprecedented rate is recording.
As Koinfinans.com reported, the DOGE price has lost 23% of its value since its peak price on December 9. However, in the intervening time, the number of wallets containing more than zero coins has grown at the fastest rate since the history of the network. According to the data, 413,800 new wallets holding 0.001-1 DOGE were added in just two weeks.
DOGE is trading at $0.0788 at the time of writing and has seen a slight increase in the last 24 hours.
centimeter also, based on social media conversations cryptocurrency He drew attention to the increasing negative sentiment about the market. Santiment noted that a bearish trend is evident among holders of payment network XRP and smart contract platforms Solana (SOL) and Cardano (ADA).
He stated that the main reason for this negative outlook is that the expected upward curve did not occur after the bull cycle that started in October.
XRP, Cardano, and Solana are in a more negative audience sentiment range compared to their historical averages. This is the first time such a situation has occurred in more than six months. According to Santiment, increasing FUD among traders tends to give way to an increase over time.
