Santiment revealed who dominates the bitcoin market

Analysts told about the leaders of development Santiment in the world of cryptocurrencies.

Research organization Santiment said that the market of the world’s oldest cryptocurrency is dominated (in proportion) by digital wallets with a balance of one thousand bitcoins: such holders of digital assets now account for 42.56% of the total bitcoin supply. That figure is down slightly from the 43.29% that was recorded on February 8 (the highest value in the previous 54 weeks), and that’s when bitcoin was able to reach a record for the year, crossing the $58,000 mark.

Santiment analysts believe that the share of big bitcoin investors will soon rise again, which will mean a high probability of the cryptocurrency’s No. 1 returning to the practice of updating its record price values.

Santiment noted a similar situation with investors in Ethereum: the 10 digital addresses with the highest balance (excluding those affiliated with cryptocurrency exchanges) Ethereum currently hold a total of 16.86 million ETH – the highest since July 2016. In just one day, on March 1, there was an increase of 1.03 million ETH in this total balance, which was a record increase in the previous six weeks.

Santiment said that while bitcoin and Ethereum may be preparing for a new price hike, there are digital assets that outperformed BTC and ETH investments over the past 7 days in terms of profitability: Polygon (MATIC), Enjin, TFUEL and XDC.

Santiment also summarized the results of Ethereum blockchain-based startups: at the end of February, the most dynamically developing projects were:

  • Gnosis (GNO).
  • Status (SNT)
  • Decentraland (MANA)
  • UMA Protocol (UMA)
  • Chainlink (LINK)
  • Skale Network (SKL)
  • MakerDAO (MKR)
  • Ocean Protocol (OCEAN)
  • Golem Project (GLM)

Recently it was reported that DeFi-platform was suspected of a $31 million scam.

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Roman Mikhailov
Articles: 184

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