- BTC, ADA, and DOGE have continued to maintain bullish trends.
- Holders of these assets rise despite sell-offs.
Bitcoin [BTC], Cardano [ADA], and Dogecoin [DOGE] have shown different patterns in the number of wallets containing non-zero assets. Nevertheless, irrespective of these different figures, the overall 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 deceleration in the growth of wallets holding between 0 and 1 BTC.
From the start of November until now, the number of wallets has remained below 3.5 million. It only slightly increased from 3.47 million at the beginning of the month to around 3.5 million at press time.
A similar trend was observed in wallets containing 1 to 10 BTC, with slow growth over the past few weeks.
Furthermore, an assessment of Cardano wallets in the 1–10 range also revealed sluggish growth, hovering around 1.27 million for several weeks.
However, there was a contrasting scenario in the 1,000–10,000 and 10,000–100,000 ADA wallet categories, with slight growth noted.
As of this writing, these wallets numbered around 716,000 and 163,000, respectively. The slight expansion in these wallet categories suggests that holders may be capitalizing on profits.
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Author: Adewale Olarinde
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