Dogecoin

bullish

Cardano

Bitcoin

<ul class="wp-block-list news-points">
 <li><strong>Cardano witnessed a decline of 29,976 ADA wallets in the past 13 days.</strong></li>
 <li><strong>Dogecoin also saw a decline of 24,456 DOGE wallets in the past day.</strong></li>
 <li><strong>LINK skyrocketed 5.40% in the past 24 hours, trading above $15.</strong></li>
</ul>
<p>Wallet activity for some major altcoins has shifted recently, with Cardano (ADA), Dogecoin (DOGE), and Bitcoin (BTC) seeing modest declines in the overall number of non-empty wallets. This indicates a bullish long-term outlook.</p>
<p>According to <a href="https://x.com/santimentfeed/status/1858630642348577179" target="_blank" rel="noopener noreferrer nofollow">Santiment</a>, Bitcoin lost 15,120 wallets in the last 4 days, while 29,976 ADA wallets and 24,456 DOGE wallets showed profit-taking in the past 13 days and 1 day, respectively. Conversely, Chainlink gained 991 wallets in the past month.</p>
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 <figure class="aligncenter is-resized"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcVH-g6LyvcRwxDa3Tmm5rrSF1WSYb0h9f5JtGUuVP486gHDo-1gho4btP5eb7qAI9S_dmLSFL_numchuu--f9nyp95ynMcqvGKIyt_AIw36211SlQ0iLP3n67rLTEm0YDBwXhJcg?key=0D55UyQa5XP35LWlSWm_Oq5d" alt="" style="width: 100%;height:auto">
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<p class="has-text-align-center"><strong><a href="https://coinedition.com/comedian-ban-token-listed-on-binance-futures-will-it-pump-like-pnut/" rel="noopener noreferrer nofollow">Read also: Comedian (BAN) Token Listed on Binance Futures: Will It Pump Like PNUT?</a></strong></p>
<h2 class="wp-block-heading" id="h-why-fewer-wallets-can-be-bullish">Why Fewer Wallets Can Be Bullish</h2>
<p>Santiment expects these digital assets to increase in price soon. The platform stated that decreasing wallets are a sign of FUD and capitulation from novice traders, often a bullish indicator. These traders are likely selling off their altcoins, which could be bought by larger, long-term investors (“whales” and “sharks”).</p>
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 <figure class="aligncenter size-full is-resized"><img decoding="async" width="540" height="196" src="https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-19_12-51-51.jpg" alt="" class="wp-image-547694" style="width: 100%;height:auto" srcset="https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-19_12-51-51.jpg 540w, https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-19_12-51-51-300x109.jpg 300w, https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-19_12-51-51-380x138.jpg 380w, https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-19_12-51-51-159x58.jpg 159w, https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-19_12-51-51-440x160.jpg 440w, https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-19_12-51-51-414x150.jpg 414w, https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-19_12-51-51-326x118.jpg 326w, https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-19_12-51-51-377x137.jpg 377w, https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-19_12-51-51-123x45.jpg 123w, https://coinedition.com/wp-content/uploads/2024/11/photo_2024-11-19_12-51-51-129x47.jpg 129w" sizes="(max-width: 540px) 100vw, 540px">
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<p>Notably, retail traders are much higher i…</p>
<p>The post <a href="https://coinedition.com/wallet-activity-why-fewer-ada-doge-holders-could-be-bullish/" rel="noopener noreferrer nofollow">Wallet Activity: Why Fewer ADA, DOGE Holders Could Be Bullish</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Wallet Activity: Why Fewer ADA, DOGE Holders Could Be Bullish

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