Anxiety grips Dogecoin holders as major sentiment flips into bear territory
Rising anxiety among long-term holders is driving social sentiment that points to increased price volatility for Dogecoin (DOGE). Specifically, the Net Unrealized Profit/Loss (NUPL) metric for long-term DOGE holders has transitioned from a state of belief and denial to optimism and anxiety, according to on-chain data from Glassnode shared by prominent cryptocurrency analyst Ali Martinez on March 30. DOGE long-term holder NUPL chart. Source: Glassnode/Ali_charts Based on this sentiment shift, Martinez cautioned that such transitions often lead to heightened price volatility. Picks for you 'XRP’s 5-year pattern builds path to $6.50' 2 hours ago Bear market is within 'striking distance' in a few weeks, warns strategist...