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Showing posts with the label supply

Can DOGE reach $1 in 2025?

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Dogecoin (DOGE), the popular meme-inspired cryptocurrency, remains one of the most intriguing coins in the market as investors speculate on its ability to rally to $1 by 2025.  While DOGE has delivered impressive gains over the past year, the road to $1 is paved with significant hurdles, largely due to its inflationary supply mechanics and high market cap requirements. Currently trading at $0.32, Dogecoin has seen a 21.26% decline in the last week and a 26.51% dip over the past month. However, it remains up by 238.47% year-over-year, showcasing its long-term resilience.  Picks for you R. Kiyosaki blasts 'Bitcoin cry babies' as BTC price drops 48 mins ago MicroStrategy buys Bitcoin price top at $106k, already down 12% ...

Retail Investors holding Bitcoin supply hit an all-time high

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Over the past year, Bitcoin [BTC], the world’s largest crypto has seen immense volatility. The bears were constantly pushing the asset down and the whole FTX debacle drove the price of BTC to a low of $15,599. Amidst this, a plethora of addresses was pocketing BTC at discounted prices. This group was mostly those who entailed less than 10 BTC or as Glassnode defines them “retail investors”. The co-founder of Reflexivity Research Will Clemente pointed out that the percentage of Bitcoin supply held by retail investors had surged by 17 percent this year. Source Elaborating on the same, Clemente tweeted, “Not perfect yet, but solid for a 12-year-old asset and definitely trending in the right direction. Bitcoin’s supply disperses over time, while Fiat’s holder base concentrates to whales over time.” It should be noted that addresses that currently hold 0-10 BTC were worth $169,000. These addresses account for 17.3 percent of the total su...