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<div>
<p>On-chain data suggests Bitcoin has recently experienced an influx of investors while <a target="_blank" title="Ledger Dogecoin Nano S Limited Edition" href="https://www.cryptobreaking.com/go/ledger-dogecoin/">Dogecoin</a>, Cardano, and other altcoins have seen a slowdown.</p>
<h2>Bitcoin Total Amount Of Holders Rise While Altcoins See Flat Movement</h2>
<p>According to data from the on-chain analytics firm <a href="https://twitter.com/santimentfeed/status/1784139513956294675" target="_blank">Santiment</a>, the number of Bitcoin investors has sharply increased recently. The on-chain metric of interest here is the “<a href="https://www.newsbtc.com/bitcoin-news/bitcoin-capitulation-holders-flee-btc-post-etf-hits/" target="_blank">Total Amount of Holders</a>,” which keeps track of the total number of addresses on a given network carrying some non-zero balance.</p>
<p>When the value of this indicator goes up for any asset, it can be due to several things. The first and most obvious contributor to this trend would be <a href="https://www.newsbtc.com/news/company/cryptocurrency-adoption-how-mainstream-is-it-becoming/" target="_blank">adoption</a>, as a fresh influx of users would naturally create more addresses.</p>
<p>Another contributor could be old investors returning to reinvest in the coin after selling out their balance earlier. The indicator would also increase when investors spread out their holdings among multiple wallets for reasons like privacy.</p>
<p>In general, some net adoption occurs whenever the Total Amount of Holders goes up. Historically, adoption has been a constructive sign for any blockchain in the long term.</p>
<p>Naturally, when this metric’s value goes down, it implies that some investors have decided to exit from the cryptocurrency as they have completely cleaned out their wallets.</p>
<p>Now, here is a chart that shows the trend in the Total Amount of Holders for some of the top assets in the sector: Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Cardano (ADA), <a target="_blank" title="Ledger Dogecoin Nano S Limited Edition" href="https://www.cryptobreaking.com/go/ledger-dogecoin/">Dogecoin</a> (<a target="_blank" title="Ledger Dogecoin Nano S Limited Edition" href="https://www.cryptobreaking.com/go/ledger-dogecoin/">DOGE</a>), and Chainlink (LINK).</p>
<pre>How the number of investors has changed for some of the top cryptos | Source: <a href="https://twitter.com/santimentfeed/status/1784139513956294675/photo/1" target="_blank">Santiment on X</a></pre>
<p>As displayed in the graph, <a target="_blank" title="Ledger Dogecoin Nano S Limited Edition" href="https://www.cryptobreaking.com/go/ledger-dogecoin/">Dogecoin</a> started 2024 with some rapid adoption as its Total Amount of Holders had been observing a sharp uptrend. However, this growth only lasted for the first couple of months, as the metric has since flattened for the memecoin.</p>
<p>Other altcoins like Chainlink and Cardano have also witnessed flat action in the metric in this period. The trend had been just the opposite for Bitcoin, where more or less flat movement had occurred in its number of investors earlier in the year, but the asset has seen some uptrend in the metric this month.</p>
<p>It’s possible that investors were previously attracted to <a target="_blank" title="Ledger Dogecoin Nano S Limited Edition" href="https://www.cryptobreaking.com/go/ledger-dogecoin/">Dogecoin</a> and other networks, but now that markets have been undergoing bearish price action, traders are back to preferring the original cryptocurrency.</p>
<p>Overall, <a target="_blank" title="Ledger Dogecoin Nano S Limited Edition" href="https://www.cryptobreaking.com/go/ledger-dogecoin/">DOGE</a>’s holders are still up 13.8% in the past three months, while BTC’s growth stands at 2.6%. Naturally, the latter’s userbase is also larger, so a relatively small percentage could be due to that.</p>
<p>Cardano is among the few networks in the sector that have observed negative action in the Total Amount of Holders during this window, although the decrease is a mere 0.1%.</p>
<h2>BTC Price</h2>
<p>Bitcoin has been struggling to make any recovery run count recently, as its price is back at $63,000 after the latest failed attempt.</p>
<pre>Looks like the price of the coin has been heading down recently | Source: <a href="https://www.tradingview.com/chart/qFC1kfFd/" target="_blank">BTCUSD on TradingView</a></pre>
<p>Featured image from Kanchanara on Unsplash.com, Santiment.net, chart from <a target="_blank" title="TradingView" href="https://www.cryptobreaking.com/go/tradingview/">TradingView</a>.com</p>
<p>Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.</p>
<p> Source: <a target="_blank" href="https://www.newsbtc.com/bitcoin-news/bitcoin-dominance-traders-og-dogecoin-altcoins/">NewsBTC.com</a></p>
<div><h2>Crypto Investing Risk Warning</h2>
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Crypto Breaking

Bitcoin Dominance: Traders Preferring The OG To Dogecoin & Other Altcoins

<div>
	<p><b>Grayscale, a crypto asset manager, has seen outflows decelerate to $440 million, marking its lowest weekly outflow in nine weeks.</b></p>
<p><span>Despite the reduction, </span><a target="_blank" href="https://coinfomania.com/grayscale-bitcoin-trust-gbtc-sees-166-million-in-outflows/"><span>Grayscale’s year-to-date outflows</span></a><span> remain above $17 billion. This change is concurrent with a broader decrease in inflows into new cryptocurrency investment products, falling more than 50% to $126 million from the previous week’s $254 million, as </span><a href="https://blog.coinshares.com/volume-180-digital-asset-fund-flows-weekly-report-998dde70036b" target="_blank"><span>reported</span><span> by CoinShares.</span></a></p>
<h3><b>The Dynamics of Investment Flows</b></h3>
<p><span>The cryptocurrency market is experiencing a shift in investor interest, with traditional investment firms like Grayscale seeing a slowdown in capital outflows. The most recent CoinShares report indicates that while </span><a target="_blank" href="https://coinfomania.com/grayscale-bitcoin-trust-etf-holdings-halve-ahead-of-halving/"><span>Grayscale’s Bitcoin Trust (GBTC)</span></a><span> still accounts for the majority of outflows, the rate at which money is leaving has slowed considerably. This trend suggests a possible stabilization in investor sentiment after weeks of heavy withdrawals.</span></p>
<p><img src="https://150601093.v2.pressablecdn.com/wp-content/uploads/Screenshot-2024-04-29-134421.jpg" alt srcset="https://150601093.v2.pressablecdn.com/wp-content/uploads/Screenshot-2024-04-29-134421.jpg 688w, https://150601093.v2.pressablecdn.com/wp-content/uploads/Screenshot-2024-04-29-134421-300x184.jpg 300w" /></p>
<p><i><span>Crypto ETP Flows. (Source: </span></i><a href="https://blog.coinshares.com/volume-180-digital-asset-fund-flows-weekly-report-998dde70036b" target="_blank"><i><span>CoinShares</span></i></a><i><span>)</span></i></p>
<p><span>Conversely, inflows into newer cryptocurrency products have also decelerated. Last week’s inflow of $126 million into products collectively known as the Newborn Nine ETFs represents a significant drop from the $254 million recorded the week prior. This reduction in new capital entering the market aligns with a general decline in trading volume, which fell from $18 billion to $11.8 billion, hinting at reduced market activity and investor engagement.</span></p>
<p><span>Major ETF issuers like BlackRock and Fidelity have also felt the impact, witnessing days with zero new inflows. This trend raises a pivotal question: Is the decreased activity a temporary lull or a sign of waning interest in crypto assets among traditional investors?</span></p>
<h3><b>Altcoins: A Silver Lining?</b></h3>
<p><span>While the overall crypto market faces challenges, altcoins such as Solana, XRP, Cardano, Polkadot, and Chainlink are drawing increasing interest. The recent CoinShares report shows that these digital assets collectively enjoyed inflows exceeding $25 million last week. This positive movement contrasts sharply with the broader trend of outflows, particularly the ongoing outflow from Ethereum, which shed an additional $38.4 million, culminating in a monthly total of $123.8 million in outflows.</span></p>
<p><img src="https://150601093.v2.pressablecdn.com/wp-content/uploads/Screenshot-2024-04-29-134529.jpg" alt srcset="https://150601093.v2.pressablecdn.com/wp-content/uploads/Screenshot-2024-04-29-134529.jpg 682w, https://150601093.v2.pressablecdn.com/wp-content/uploads/Screenshot-2024-04-29-134529-300x202.jpg 300w" /></p>
<p><i><span>Crypto ETP Flows. (Source: </span></i><a href="https://blog.coinshares.com/volume-180-digital-asset-fund-flows-weekly-report-998dde70036b" target="_blank"><i><span>CoinShares</span></i></a><i><span>)</span></i></p>
<p><span>The interest in altcoins may suggest a shifting landscape in crypto investments, where investors are looking beyond the established giants like Bitcoin and Ethereum. This diversification into altcoins could be driven by their potential for modernism and growth, appealing to investors looking for opportunities in less saturated segments of the market.</span></p>
<h3><b>Market Sentiments and Positions</b></h3>
<p><span>Despite the current bearish market sentiment, there is a noteworthy engagement from investors betting against the market’s recovery. Short Bitcoin investment products saw an increase of $1.3 million, indicating that some investors are anticipating further declines. This bearish stance could either hedge against potential losses or speculate on the downturn, highlighting the complex strategies in play within the crypto investment space.</span></p>
				</div>

Coinfomania

Grayscale Experiences Slowdown in Outflows as Altcoins Gain Traction

<div>
 <p>On-chain data suggests Bitcoin has recently experienced an influx of investors while Dogecoin, Cardano, and other altcoins have seen a slowdown.</p>
<h2>Bitcoin Total Amount Of Holders Rise While Altcoins See Flat Movement</h2>
<p>According to data from the on-chain analytics firm <a href="https://twitter.com/santimentfeed/status/1784139513956294675" target="_blank">Santiment</a>, the number of Bitcoin investors has sharply increased recently. The on-chain metric of interest here is the “<a href="https://www.newsbtc.com/bitcoin-news/bitcoin-capitulation-holders-flee-btc-post-etf-hits/" target="_blank">Total Amount of Holders</a>,” which keeps track of the total number of addresses on a given network carrying some non-zero balance.</p>
<p>When the value of this indicator goes up for any asset, it can be due to several things. The first and most obvious contributor to this trend would be <a href="https://www.newsbtc.com/news/company/cryptocurrency-adoption-how-mainstream-is-it-becoming/" target="_blank">adoption</a>, as a fresh influx of users would naturally create more addresses.</p>
<p>Another contributor could be old investors returning to reinvest in the coin after selling out their balance earlier. The indicator would also increase when investors spread out their holdings among multiple wallets for reasons like privacy.</p>
<p>In general, some net adoption occurs whenever the Total Amount of Holders goes up. Historically, adoption has been a constructive sign for any blockchain in the long term.</p>
<p>Naturally, when this metric’s value goes down, it implies that some investors have decided to exit from the cryptocurrency as they have completely cleaned out their wallets.</p>
<p>Now, here is a chart that shows the trend in the Total Amount of Holders for some of the top assets in the sector: Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Cardano (ADA), Dogecoin (DOGE), and Chainlink (LINK).</p>
<p><img src="https://pbs.twimg.com/media/GMKIIWwbsAAhI_z?format=jpg&amp;name=4096x4096" alt="Bitcoin Total Amount of Holders Vs Dogecoin" /></p>
<pre>How the number of investors has changed for some of the top cryptos | Source: <a href="https://twitter.com/santimentfeed/status/1784139513956294675/photo/1" target="_blank">Santiment on X</a></pre>
<p>As displayed in the graph, Dogecoin started 2024 with some rapid adoption as its Total Amount of Holders had been observing a sharp uptrend. However, this growth only lasted for the first couple of months, as the metric has since flattened for the memecoin.</p>
<p>Other altcoins like Chainlink and Cardano have also witnessed flat action in the metric in this period. The trend had been just the opposite for Bitcoin, where more or less flat movement had occurred in its number of investors earlier in the year, but the asset has seen some uptrend in the metric this month.</p>
<p>It’s possible that investors were previously attracted to Dogecoin and other networks, but now that markets have been undergoing bearish price action, traders are back to preferring the original cryptocurrency.</p>
<p>Overall, DOGE’s holders are still up 13.8% in the past three months, while BTC’s growth stands at 2.6%. Naturally, the latter’s userbase is also larger, so a relatively small percentage could be due to that.</p>
<p>Cardano is among the few networks in the sector that have observed negative action in the Total Amount of Holders during this window, although the decrease is a mere 0.1%.</p>
<h2>BTC Price</h2>
<p>Bitcoin has been struggling to make any recovery run count recently, as its price is back at $63,000 after the latest failed attempt.</p>
<p><img src="https://www.tradingview.com/x/cnsHtLH8/" alt="Bitcoin Price Chart" /></p>
<pre>Looks like the price of the coin has been heading down recently | Source: <a href="https://www.tradingview.com/chart/qFC1kfFd/" target="_blank">BTCUSD on TradingView</a></pre>
<p>Featured image from Kanchanara on Unsplash.com, Santiment.net, chart from TradingView.com</p>
 <p>Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.</p>
 </div>

NewsBTC

<div><div><a target="_blank" href="https://cryptomode.com/wp-content/uploads/2024/04/Cryptomode-Exchange-March-338-15.png"><p><img srcset="https://cryptomode.com/wp-content/uploads/2024/04/Cryptomode-Exchange-March-338-15-750x420.png 750w, https://cryptomode.com/wp-content/uploads/2024/04/Cryptomode-Exchange-March-338-15-300x168.png 300w, https://cryptomode.com/wp-content/uploads/2024/04/Cryptomode-Exchange-March-338-15-1024x574.png 1024w, https://cryptomode.com/wp-content/uploads/2024/04/Cryptomode-Exchange-March-338-15-768x430.png 768w, https://cryptomode.com/wp-content/uploads/2024/04/Cryptomode-Exchange-March-338-15-1140x639.png 1140w, https://cryptomode.com/wp-content/uploads/2024/04/Cryptomode-Exchange-March-338-15.png 1456w" src="https://cryptomode.com/wp-content/uploads/2024/04/Cryptomode-Exchange-March-338-15-750x420.png" alt="Cryptomode Why Cardano Is About to Pump: Analyst" /></p></a></div><div><p><a href="https://cryptomode.com/linkout/22473" target="_blank"><img src="https://cryptomode.com/wp-content/uploads/2023/11/Rebel_Satoshi_-_728x90_728_x_90_px.gif" alt /></a></p></div><div><p><span>Based on current market dynamics, Analyst Michael Wrubel is optimistic about a Cardano pump soon.</span></p><p><span>According to the analyst, Bitcoin’s (BTC) current price level of $64,000 is a pivotal point for future movements, <a href="https://www.youtube.com/watch?v=gUX0oX-lt7g&amp;embeds_referring_euri=https%3A%2F%2Fcryptomode.com%2F&amp;feature=emb_imp_woyt" target="_blank">impacting major altcoins, including Cardano</a>. According to him, recent investments by heavyweight financial firms such as BlackRock and Fidelity into Bitcoin-related assets hint at a bullish outlook for the market. </span></p><p><span>The analyst points out that large-scale transactions involving 25 billion Cardano tokens have been recorded, suggesting strong interest from institutional players and “whale” investors. According to him, given the current market dynamics, this movement within the ADA market indicates growing confidence and a potential uptick in its valuation. However, <a href="https://cryptomode.com/news/will-cardano-reach-a-low-anytime-soon/" target="_blank">some analysts warn</a> Cardano could hit a $0.399 low soon as it faces some resistance at $0.523.</span></p><p><iframe width="500" height="281" src="https://www.youtube.com/embed/gUX0oX-lt7g?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share"></iframe></p><p><span>In line with the analysis, insights from IntoTheBlock reveal that Cardano whales have been busy. The analytics firm reports that the altcoin has seen an average large transaction volume of $13.84B daily in the last seven days. However, <a href="https://cryptomode.com/news/bitcoin-tron-holders-are-in-profit/" target="_blank">data dated five days back showed</a> that most ADA holders were still not profitable.</span></p><blockquote><p>Cardano whales are busy, with an average large transaction volume of $13.84B a day in the last 7 days.</p><p>For comparison, this is a third of Bitcoin's current volume, 5x as much as Litecoin's volume and over 16x that of Dogecoin! <a href="https://t.co/xU2XMoEQbM" target="_blank">pic.twitter.com/xU2XMoEQbM</a></p><p>— IntoTheBlock (@intotheblock) <a href="https://twitter.com/intotheblock/status/1784884934630334669?ref_src=twsrc%5Etfw" target="_blank">April 29, 2024</a></p></blockquote><h2><span>Cardano Market Review: How Is ADA Doing Today?</span></h2><p><span>Looking at an in-depth analysis of Cardano price charts, we see a marked consolidation phase identified by a rectangular pattern, suggesting a period of indecision among traders. This is further supported by the price hovering around a central value without significantly moving up or down within the rectangle. </span></p><p><img src="https://cryptomode.com/wp-content/uploads/2024/04/Apex_1714395892410.png" alt srcset="https://cryptomode.com/wp-content/uploads/2024/04/Apex_1714395892410.png 2548w, https://cryptomode.com/wp-content/uploads/2024/04/Apex_1714395892410-300x144.png 300w, https://cryptomode.com/wp-content/uploads/2024/04/Apex_1714395892410-1024x490.png 1024w, https://cryptomode.com/wp-content/uploads/2024/04/Apex_1714395892410-768x368.png 768w, https://cryptomode.com/wp-content/uploads/2024/04/Apex_1714395892410-1536x735.png 1536w, https://cryptomode.com/wp-content/uploads/2024/04/Apex_1714395892410-2048x981.png 2048w, https://cryptomode.com/wp-content/uploads/2024/04/Apex_1714395892410-750x359.png 750w, https://cryptomode.com/wp-content/uploads/2024/04/Apex_1714395892410-1140x546.png 1140w" /></p><p><span>4-hour ADA/USD Chart | Source: </span><a href="https://www.tradingview.com/symbols/ADAUSD/" target="_blank"><span>TradingView</span></a></p><p><span>On the other hand, looking at indicators, we see that the Money Flow Index (MFI) is at 51.42, which is relatively neutral but slightly on the higher side. It is neither in the overbought region nor the oversold region, suggesting there isn’t a clear signal regarding market sentiment from this indicator. The Volume Oscillator shows a negative 16.65%, indicating that volume decreased during the period shown. This could imply a lack of strong conviction in the market moves and potentially weaken the current trend. Based on </span><a href="https://coinmarketcap.com/currencies/cardano/" target="_blank"><span>stats from CoinMarketCap</span></a><span>, we see that the Cardano price is $0.4547, a slight decrease over the last day by 3.15%. </span></p></div></div>

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GROW Tokens are a continuum concept, a living transmission of an ancient mystical origins. Here to absorb greed & self interest and align it with innovation for positive, life affirming & unifying outcomes for all.

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