#Dogecoin is up another +10% today, and +29% this week. The top #memecoin by market cap (#8 market cap #crypto asset overall) is being powered by major dormant whales moving $DOGE back into circulation, and a lack of #FOMO that would normally form tops.

📊 As #Bitcoin attempts to rebound following its largest sustained dip in over 5 months, traders have been increasingly focused on the challenges behind holding $BTC in cold storage, via #ETF's, and through various borrowing options.

Also seeing an increasing amount of narratives heading into the weekend, the major #memecoin market cap drops are showing polarized views. Some are still quite euphoric about the freedom and "wild west" concept behind them, while other traders are showing skepticism toward the facade behind them, and potential scams associated with them and the #cryptocurrency markets.

Check out the entirely free Santiment dashboard that is constantly auto-generating the highest topics and frequencies of discussion behind them. Stay in tune with what is driving the markets with this dashboard.

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😺🐶🤣 As #memecoins have made their presence felt during #crypto's historic rise, we introduce a watchlist exclusively for these assets. Among top assets for this category, market caps have risen +150%, and trade volume has risen +1,120%

Explore it here, and use it to formulate new strategies, keep track of specific metrics related to your favorite meme-related projects, and identify social volume divergences.

📈 #Altcoins have seen historic gains over the past week, and #altseason hasn't slowed down this weekend. Notables like $PEPE (+225%) and $SHIB (+126%) have intrigued #memecoin traders. Keep an eye on #AI projects like $AR (+100%) and $FET (+76%) as well.

Track social and price changes on the Santiment screener here, and filter for the projects you are most interested or those that are crossing into bullish territory (according to leading metrics).

With #altcoin redistributions currently in progress, the overall #crypto market cap has now grown by 12.1% in the past week, according to the 2,862 assets with data currently on Santiment. Trading volume has more than doubled compared to last week.

Check in on our data screener now, and track the top asset performances in crypto, or filter for the projects you are most interested in. You can also toggle between 1-day, 7-day, and 30-day performances for price and social volume statistics.

📊 With #crypto markets soaring to new heights, and many market caps exceeding levels last seen in 2021 or 2022, large cap project trading volumes have reached their highest level since the collapse of #FTX. #Bitcoin, in particular, is seeing a significant surge both on exchanges and via Spot #ETF's.

Historically, we have seen these massive spikes associated with temporary tops or bottoms. More organic growth in trading volume is generally preferred when identifying signals for continued market cap growth. Note that this major rise in volume is coinciding with a 4:1 ratio between profit taking and loss taking.

🐶 #Dogecoin's value is -23% since its top on Dec. 9th. But the #memecoin's wallets with >0 $DOGE coins has been growing at the fastest rate in the network's decade long history. 413.8K new wallets, mostly holding 0.001-1 $DOGE, have been added in 2 weeks.

🗣️ Several tokens have seen mid-sized breakouts over the past few days, including $CTSI, $ONDO, $DOGE, $AMP and $MANTA. Pumping assets on the list have a significantly higher probability of correcting in the short-term, or bouncing if they have been dropping.

This is due to the fact that novice traders and the mainstream crowd generally begin discussing them due to their current price narratives, and creating #FOMO-related tops or #FUD-related bottoms. Check out Santiment's top 10 trending tokens here!

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📊 Amount of wallets with >0 coins for #crypto's select notable networks:

📈 $BTC 52.6M: +32% 1y growth
📈 $ETH 112.1M: +54% 1y growth
📈 $XRP 4.9M: +26% 1y growth
📈 $ADA 4.5M: +38% 1y growth
📈 $DOGE 5.7M: +22% 1y growth
📈 $LINK 711.3K: +11% 1y growth

📈 #Bitcoin's amount of wallets holding >0 coins is up to 916.75M, which is a +1.8% increase in just a 10 day span. Other top cap assets, including #stablecoins like #Tether and #USDCoin, are also seeing an increased rate of growth as a result of this 2+ month #bullrally.

Though network growth is a great sign long-term, this rapid rate of new wallets is a #FOMO sign to be slightly cautious of. Link to chart!

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