Santiment Report: Ethereum Holders Remain Steadfast Despite Price Dip, Numbers Rise

Despite Ethereum’s price decline, the number of ETH holders is on the rise, as noted by Santiment. 

This increase in Ethereum wallets contrasts with a decrease in Bitcoin wallets since mid-March. Santiment attributes this trend to Ethereum’s resilience amidst market fluctuations. Ethereum’s current price sits at $3,400, down over 4% in the past 24 hours. Additionally, Santiment observes a decline in social media mentions for XRP, Dogecoin (DOGE), and Shiba Inu (SHIB), suggesting a potential market bottom for these assets. XRP is trading at $0.47, DOGE at $0.11, and SHIB at $0.0000177, all experiencing declines in the last 24 hours. 

Lastly, Santiment points out a decrease in social media mentions regarding an altseason in the crypto market, indicating a possible bottom formation for the broader altcoin market as well.

Clever Robot News Desk 21^st June 2024