Источник Bitcoinist.com
Заголовок Dogecoin Jumps 10% Just As 106,600 Holders Give Up On DOGE
Дата 20241017

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Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin Jumps 10% Just As 106,600 Holders Give Up On DOGE

Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin Jumps 10% Just As 106,600 Holders Give Up On DOGE

by Keshav Verma

3 mins ago

in Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin

0

Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin has just witnessed a rally of around 10% after on-chain data signaled
a mass exodus of holders from the DOGE network.

Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin Has Seen A Jump Of Almost 12% Over The Past Day

This week has brought bullish winds in the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта sector as a whole,
but among the top coins, one asset in particular has stood out: Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin. The
meme-based token has managed to surpass the $0.127 level after registering an
uplift of nearly 12% during the last 24 hours.

The price of the coin appears to have seen a sharp surge over the past day |
Source: DOGEUSDT on TradingView

For perspective, Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) is up around 4% in the same window, while Shiba
Inu (SHIB), DOGE s rival-coin, is up about 5%. The asset has also
performed well in terms of weekly returns, with only Bitcoin Cash• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin (BCH) with
its 12% returns coming close to DOGE s 14% profits.

Related Reading: Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin ‘Apparent DemandHas Turned Green Again: What It
Means

The DOGE market cap has now grown to $18.5 billion, as the below table
displays.

The current standing of DOGE in the wider cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта sector | Source:
CoinMarketCap

DOGE at the 8th position on the top cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта list now has a comfortable
gap over Tron (TRX) in the 9th place, but the coin is still nowhere near XRP
(XRP) in 7th, so its place in the sector is unlikely to change in the near
future. The latest Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin rally has come under interesting circumstances, as
on-chain data indicates that a large amount of holders had only recently
decided to give up on the memecoin.

DOGE Total Amount Of Holders Has Plunged Recently

According to data from the on-chain analytics firm Santiment , the Total
Amount Of Holders has registered a steep drop for Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin recently. The
Total Amount Of Holders here refers to an indicator that, as
its name suggests, keeps track of the total number of DOGE addresses that are
currently carrying a balance.

Below is the chart shared by the analytics firm that shows the trend in this
DOGE metric over the last few months:

The value of the metric appears to have seen a plummet recently | Source:
Santiment on X

From the graph, it s apparent that the Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin Total Amount of Holders
has seen a significant decline recently, implying that a large amount of users
have decided to clear out their holdings on the network.

Related Reading: 91% Of Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Holders In Profit After $66,000 Rally, Data
Shows

More specifically, around 106,600 addresses have emptied themselves out during
the past week, which has sent the indicator down to 6.62 million, the lowest
value since April. It s possible that these were the investors fed up by
the bearish price action of the memecoin, so they decided to leave for greener
pastures. In an ironic twist of fate, however, Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin has shown a better
surge than any of the other top coins since these traders have left.

The capitulation from the weak hands also means that the current rally could
have higher chances of success, as the coins released by these investors may
have been picked up by traders with a stronger conviction, who could be
willing to sit on their profits for a while longer.

Featured image from Dall-E, Santiment.net, chart from TradingView.com

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