- BTC, ADA and DOGE have continued to maintain bullish trends.
- Holders of these assets are rising despite sell-offs.
Bitcoin [BTC], Cardano [ADA]And Dogecoin [DOGE] have shown different patterns in the number of wallets containing non-zero assets. Nevertheless, regardless of these different figures, the total number of holders continues to increase.
Bitcoin, Cardano and Dogecoin present different wallet patterns
The examination of the Bitcoin distribution chart on Santiment indicated a recent slowdown in the growth of portfolios holding between 0 and 1 BTC.
From the beginning of November until now, the number of wallets has remained below 3.5 million. It rose only slightly from 3.47 million at the start of the month to around 3.5 million at the time of writing.
A similar trend was observed for portfolios holding 1 to 10 BTC, with slow growth in recent weeks.
Additionally, a review of Cardano portfolios in the 1 to 10 range also showed slow growth, hovering around 1.27 million for weeks.
However, there was a contrasting scenario in the 1,000–10,000 and 10,000–100,000 countries. ADA wallet categories, where slight growth was noted.
At the time of writing, these were approximately 716,000 and 163,000 respectively. The slight growth in these portfolio categories suggests that holders may benefit from gains.
Conversely, Dogecoin owners presented a different picture. Analysis of the graph showed a notable increase in the number of wallets with 1–10 DOGE.
At the time of writing this figure was around 1.27 million, a significant increase from less than 1.2 million at the start of the month. This implied that, unlike ADA and BTC, a larger portion of users are accumulating Dogecoin rather than taking profits.
Holders of Bitcoin, Cardano and Dogecoin continue to rise
Despite the clear profit-taking seen in Bitcoin and Cardano, the number of holders has continuously increased. This trend is also reflected in Dogecoin, according to Santiment’s chart analysis.
Between the beginning of November and the present, the number of Bitcoin holders has increased by more than 1 million. At the time of writing there were approximately 51 million.
Likewise, Dogecoin has experienced a notable increase in the number of holders, with the current number standing at approximately 5.4 million.
Source: Santiment
Cardano, on the other hand, has not seen the same level of growth. The growth in the number of Cardano holders has been gradual, with a decline noted earlier this month.
At the time of writing, the number of Cardano holders was approximately 4.5 million, showing a slightly increasing trend.
The significance of this growth in the number of holders suggested that more and more addresses were accumulating these assets, potentially affecting the long-term price trajectory.
BTC, ADA and DOGE maintain bull trends
Examining Bitcoin’s daily timeframe chart revealed a recent downward trend in its price over the past few days. Despite these declines, which amounted to less than 1%, BTC has managed to hold the $37,000 price range.
At the time of writing, BTC was trading around $37,300, experiencing a slight decline in value. Notably, the Relative Strength Index (RSI) line has consistently remained above the neutral line, indicating a continued bull trend.
Source: TradingView
Similarly, Cardano has suffered a decline in recent days, with a more significant loss in value of almost 4%. The current trading price was around $0.37, with a loss of less than 1%.
Despite this decline, Cardano has maintained its position in a bull trend, with the RSI above the neutral line.
Source: TradingView
How many Worth 1,10,100 BTCs Today
As for Dogecoin, it has continued its bullish trend, albeit a weaker one, as evidenced by the RSI line below 55 as of the current assessment.
Although Dogecoin has experienced a slight increase in value in recent days, at the time of writing its value was down over 1% and trading around $0.07. In comparison, the price development of Dogecoin seems more positive compared to Bitcoin and Cardano.
Source: TradingView
