{"id":576072,"date":"2024-02-21T00:00:36","date_gmt":"2024-02-21T00:00:36","guid":{"rendered":"https:\/\/wncen.com\/?p=576072"},"modified":"2024-06-11T06:52:39","modified_gmt":"2024-06-11T06:52:39","slug":"crypto-riches-altcoin-holders-swim-in-profits-but-theres-a-potential-risk","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/crypto-riches-altcoin-holders-swim-in-profits-but-theres-a-potential-risk\/","title":{"rendered":"Crypto Riches: Altcoin Holders Swim In Profits, But There\u2019s A Potential risk"},"content":{"rendered":"

So far, the average altcoin holders appear to have massive profits, as Santiment, a leading blockchain analytics firm, reported<\/a>. According to the firm’s observations, many altcoin wallets have experienced substantial gains, with most crypto projects<\/a> exhibiting bullish performances.<\/p>\n

These realized gains began ever since the market turned bullish in mid-October 2023, according to Santiment, indicating that these massive profits accumulated on a “mid to long-term timescale.”<\/p>\n

Related Reading: Altcoins Watchlist: Market Expert Spotlights ETH, BLUR, MATIC, And More For Explosive Gains<\/a><\/div>\n

Potential Risk Observed<\/h2>\n

Despite these gains, Santiment has issued a cautionary note to investors<\/a>, signaling “overbought” levels in the market. The blockchain analytics firm noted:<\/p>\n

Outside of a few lagging altcoins, the vast majority of crypto projects have generated profits for the average wallet on a mid to long term timescale. This means that our model is indicating a fair bit of ‘overbought’ signals.<\/p><\/blockquote>\n

Though Santiment revealed that this does not necessarily imply an imminent market correction, historical data indicates a higher risk of opening new positions in such circumstances.<\/p>\n

Notably, the firm’s analysis suggests that altcoins experiencing a 4+ month rally are particularly susceptible to heightened risk, as indicated by elevated MVRV levels.<\/p>\n

\n

\ud83e\uddee Based on average trading returns, many assets have seen understandably high profits since markets began booming all the way back in mid-October, 2023. Outside of a few lagging #altcoins<\/a>, the vast majority of #crypto<\/a> projects have generated profits for the average<\/p>\n

(Cont) \ud83d\udc47 pic.twitter.com\/ziKhzmcz1v<\/a><\/p>\n

\u2014 Santiment (@santimentfeed) February 20, 2024<\/a><\/p><\/blockquote>\n

For context, the Market Value to Realized Value, also known as the MVRV metric, is a crucial tool for assessing risk in the crypto market. This metric compares the current market price of a cryptocurrency to the average price at which it was last transacted on the blockchain.<\/p>\n

A high MVRV ratio indicates that a significant portion of the market is profitable<\/a>, potentially signaling overvaluation and increased risk of a market correction.<\/p>\n

Anticipating Altcoin Season<\/h2>\n

Meanwhile, amid discussions of altcoin performance, crypto analyst Dan Gambardello has put forth insights regarding the potential for a “blast off” altcoin season. Gambardello suggests that Cardano (ADA) and Ethereum (ETH)<\/a> could spearhead such a season, provided that Bitcoin (BTC) dominance begins to decline.<\/p>\n

Drawing from previous market cycles, Gambardello highlights the historical patterns where ADA and ETH have led the charge before other altcoins joined the upward trend<\/a>.<\/p>\n

\n

ALTCOIN Season Signal Pending! CARDANO & ETHEREUM About To BLASTOFF!https:\/\/t.co\/RvMYQgRAl1<\/a><\/p>\n

\u2014 Dan Gambardello (@cryptorecruitr) February 20, 2024<\/a><\/p><\/blockquote>\n

Gambardello emphasizes the importance of monitoring Bitcoin’s dominance in assessing the likelihood of an altcoin season. While altcoins like ADA and ETH may exhibit promising signs, Bitcoin’s dominance remains a crucial factor influencing market dynamics.<\/p>\n

Related Reading: Altcoins Like Solana And Ethereum Are About To Explode: Analyst<\/a><\/div>\n

Meanwhile, the altcoin market cap has marginally retraced from its recent peak above $900 billion, currently hovering slightly below this mark.<\/p>\n

\"Altcoin
Altcoin marketcap on the 1-day chart on TradingView.com<\/a><\/figcaption><\/figure>\n

Featured image from Unplash, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

So far, the average altcoin holders appear to have massive profits, as Santiment, a leading blockchain analytics firm, reported. According to the firm’s observations, many altcoin wallets have experienced substantial gains, with most crypto projects exhibiting bullish performances. These realized gains began ever since the market turned bullish in mid-October 2023, according to Santiment, indicating that these massive profits accumulated on a “mid to long-term timescale.” Related Reading: Altcoins Watchlist: Market Expert Spotlights ETH, BLUR, MATIC, And More For Explosive Gains Potential Risk Observed Despite these gains, Santiment has issued a cautionary note to investors, signaling “overbought” levels in the market. The blockchain analytics firm noted: Outside of a few lagging altcoins, the vast majority of crypto projects have generated profits for the average wallet on a mid to long term timescale. This means that our model is indicating a fair bit of ‘overbought’ signals. Though Santiment revealed that this does not necessarily imply an imminent market correction, historical data indicates a higher risk of opening new positions in such circumstances. Notably, the firm’s analysis suggests that altcoins experiencing a 4+ month rally are particularly susceptible to heightened risk, as indicated by elevated MVRV levels. \ud83e\uddee Based on average trading returns, many assets have seen understandably high profits since markets began booming all the way back in mid-October, 2023. Outside of a few lagging #altcoins, the vast majority of #crypto projects have generated profits for the average (Cont) \ud83d\udc47 pic.twitter.com\/ziKhzmcz1v \u2014 Santiment (@santimentfeed) February 20, 2024 For context, the Market Value to Realized Value, also known as the MVRV metric, is a crucial tool for assessing risk in the crypto market. This metric compares the current market price of a cryptocurrency to the average price at which it was last transacted on the blockchain. A high MVRV ratio indicates that a significant portion of the market is profitable, potentially signaling overvaluation and increased risk of a market correction. Anticipating Altcoin Season Meanwhile, amid discussions of altcoin performance, crypto analyst Dan Gambardello has put forth insights regarding the potential for a “blast off” altcoin season. Gambardello suggests that Cardano (ADA) and Ethereum (ETH) could spearhead such a season, provided that Bitcoin (BTC) dominance begins to decline. Drawing from previous market cycles, Gambardello highlights the historical patterns where ADA and ETH have led the charge before other altcoins joined the upward trend. ALTCOIN Season Signal Pending! CARDANO & ETHEREUM About To BLASTOFF!https:\/\/t.co\/RvMYQgRAl1 \u2014 Dan Gambardello (@cryptorecruitr) February 20, 2024 Gambardello emphasizes the importance of monitoring Bitcoin’s dominance in assessing the likelihood of an altcoin season. While altcoins like ADA and ETH may exhibit promising signs, Bitcoin’s dominance remains a crucial factor influencing market dynamics. Related Reading: Altcoins Like Solana And Ethereum Are About To Explode: Analyst Meanwhile, the altcoin market cap has marginally retraced from its recent peak above $900 billion, currently hovering slightly below this mark. Featured image from Unplash, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":526928,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[12333,134,91695,12332,6664,85323,8323,1946],"class_list":["post-576072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ada","tag-altcoin","tag-altcoin-holders","tag-cardano","tag-crypto","tag-crypto-investors","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\nCrypto Riches: Altcoin Holders Swim In Profits, But There\u2019s A Potential risk<\/title>\n<meta name=\"description\" content=\"So far, the average altcoin holders appear to currently be massive profits as reported by Santiment, a leading blockchain analytics firm...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/crypto-riches-altcoin-holders-swim-in-profits-but-theres-a-potential-risk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Riches: Altcoin Holders Swim In Profits, But There\u2019s A Potential risk\" \/>\n<meta property=\"og:description\" content=\"So far, the average altcoin holders appear to currently be massive profits as reported by Santiment, a leading blockchain analytics firm...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/crypto-riches-altcoin-holders-swim-in-profits-but-theres-a-potential-risk\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-21T00:00:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T06:52:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Altcoins.jpeg?fit=1140%2C815\" \/>\n\t<meta property=\"og:image:width\" content=\"1140\" \/>\n\t<meta property=\"og:image:height\" content=\"815\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samuel Edyme\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@0xEdyme\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samuel Edyme\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/crypto-riches-altcoin-holders-swim-in-profits-but-theres-a-potential-risk\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/crypto-riches-altcoin-holders-swim-in-profits-but-theres-a-potential-risk\/\"},\"author\":{\"name\":\"Samuel Edyme\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\"},\"headline\":\"Crypto Riches: Altcoin Holders Swim In Profits, But There\u2019s A Potential risk\",\"datePublished\":\"2024-02-21T00:00:36+00:00\",\"dateModified\":\"2024-06-11T06:52:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/crypto-riches-altcoin-holders-swim-in-profits-but-theres-a-potential-risk\/\"},\"wordCount\":510,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/crypto-riches-altcoin-holders-swim-in-profits-but-theres-a-potential-risk\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Altcoins.jpeg?fit=1140%2C815\",\"keywords\":[\"ADA\",\"altcoin\",\"Altcoin Holders\",\"Cardano\",\"crypto\",\"crypto investors\",\"ETH\",\"ethereum\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/crypto-riches-altcoin-holders-swim-in-profits-but-theres-a-potential-risk\/\",\"url\":\"https:\/\/wncen.com\/news\/crypto-riches-altcoin-holders-swim-in-profits-but-theres-a-potential-risk\/\",\"name\":\"Crypto Riches: Altcoin Holders Swim In Profits, But There\u2019s A Potential risk\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/crypto-riches-altcoin-holders-swim-in-profits-but-theres-a-potential-risk\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/crypto-riches-altcoin-holders-swim-in-profits-but-theres-a-potential-risk\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Altcoins.jpeg?fit=1140%2C815\",\"datePublished\":\"2024-02-21T00:00:36+00:00\",\"dateModified\":\"2024-06-11T06:52:39+00:00\",\"description\":\"So far, the average altcoin holders appear to currently be massive profits as reported by Santiment, a leading blockchain analytics firm...\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/crypto-riches-altcoin-holders-swim-in-profits-but-theres-a-potential-risk\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/crypto-riches-altcoin-holders-swim-in-profits-but-theres-a-potential-risk\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/crypto-riches-altcoin-holders-swim-in-profits-but-theres-a-potential-risk\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Altcoins.jpeg?fit=1140%2C815\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Altcoins.jpeg?fit=1140%2C815\",\"width\":1140,\"height\":815,\"caption\":\"ETH\/BTC Signals the Next Altcoin Explosion\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/crypto-riches-altcoin-holders-swim-in-profits-but-theres-a-potential-risk\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Crypto Riches: Altcoin Holders Swim In Profits, But There\u2019s A Potential risk\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\",\"name\":\"Samuel Edyme\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"caption\":\"Samuel Edyme\"},\"description\":\"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.\",\"sameAs\":[\"https:\/\/x.com\/0xEdyme\"],\"url\":\"https:\/\/wncen.com\/author\/samueledymeabayomi\/\"}]}<\/script>\n","yoast_head_json":{"title":"Crypto Riches: Altcoin Holders Swim In Profits, But There\u2019s A Potential risk","description":"So far, the average altcoin holders appear to currently be massive profits as reported by Santiment, a leading blockchain analytics firm...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/crypto-riches-altcoin-holders-swim-in-profits-but-theres-a-potential-risk\/","og_locale":"en_US","og_type":"article","og_title":"Crypto Riches: Altcoin Holders Swim In Profits, But There\u2019s A Potential risk","og_description":"So far, the average altcoin holders appear to currently be massive profits as reported by Santiment, a leading blockchain analytics firm...","og_url":"https:\/\/wncen.com\/news\/crypto-riches-altcoin-holders-swim-in-profits-but-theres-a-potential-risk\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-02-21T00:00:36+00:00","article_modified_time":"2024-06-11T06:52:39+00:00","og_image":[{"width":1140,"height":815,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Altcoins.jpeg?fit=1140%2C815","type":"image\/jpeg"}],"author":"Samuel Edyme","twitter_card":"summary_large_image","twitter_creator":"@0xEdyme","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Samuel Edyme","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/crypto-riches-altcoin-holders-swim-in-profits-but-theres-a-potential-risk\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/crypto-riches-altcoin-holders-swim-in-profits-but-theres-a-potential-risk\/"},"author":{"name":"Samuel Edyme","@id":"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500"},"headline":"Crypto Riches: Altcoin Holders Swim In Profits, But There\u2019s A Potential risk","datePublished":"2024-02-21T00:00:36+00:00","dateModified":"2024-06-11T06:52:39+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/crypto-riches-altcoin-holders-swim-in-profits-but-theres-a-potential-risk\/"},"wordCount":510,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/crypto-riches-altcoin-holders-swim-in-profits-but-theres-a-potential-risk\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Altcoins.jpeg?fit=1140%2C815","keywords":["ADA","altcoin","Altcoin Holders","Cardano","crypto","crypto investors","ETH","ethereum"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/crypto-riches-altcoin-holders-swim-in-profits-but-theres-a-potential-risk\/","url":"https:\/\/wncen.com\/news\/crypto-riches-altcoin-holders-swim-in-profits-but-theres-a-potential-risk\/","name":"Crypto Riches: Altcoin Holders Swim In Profits, But There\u2019s A Potential risk","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/crypto-riches-altcoin-holders-swim-in-profits-but-theres-a-potential-risk\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/crypto-riches-altcoin-holders-swim-in-profits-but-theres-a-potential-risk\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Altcoins.jpeg?fit=1140%2C815","datePublished":"2024-02-21T00:00:36+00:00","dateModified":"2024-06-11T06:52:39+00:00","description":"So far, the average altcoin holders appear to currently be massive profits as reported by Santiment, a leading blockchain analytics firm...","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/crypto-riches-altcoin-holders-swim-in-profits-but-theres-a-potential-risk\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/crypto-riches-altcoin-holders-swim-in-profits-but-theres-a-potential-risk\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/crypto-riches-altcoin-holders-swim-in-profits-but-theres-a-potential-risk\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Altcoins.jpeg?fit=1140%2C815","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Altcoins.jpeg?fit=1140%2C815","width":1140,"height":815,"caption":"ETH\/BTC Signals the Next Altcoin Explosion"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/crypto-riches-altcoin-holders-swim-in-profits-but-theres-a-potential-risk\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Crypto Riches: Altcoin Holders Swim In Profits, But There\u2019s A Potential risk"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500","name":"Samuel Edyme","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","caption":"Samuel Edyme"},"description":"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Riches: Altcoin Holders Swim In Profits, But There\u2019s A Potential risk","url":"http:\/\/wncen.com\/news\/crypto-riches-altcoin-holders-swim-in-profits-but-theres-a-potential-risk\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/crypto-riches-altcoin-holders-swim-in-profits-but-theres-a-potential-risk\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Altcoins.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Altcoins.jpeg?fit=1140%2C815"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ada","altcoin","altcoin holders","cardano","crypto","crypto investors","eth","ethereum"],"dateCreated":"2024-02-21T00:00:36Z","datePublished":"2024-02-21T00:00:36Z","dateModified":"2024-06-11T06:52:39Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Riches: Altcoin Holders Swim In Profits, But There\\u2019s A Potential risk\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/crypto-riches-altcoin-holders-swim-in-profits-but-theres-a-potential-risk\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/crypto-riches-altcoin-holders-swim-in-profits-but-theres-a-potential-risk\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/Altcoins.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/Altcoins.jpeg?fit=1140%2C815\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ada\",\"altcoin\",\"altcoin holders\",\"cardano\",\"crypto\",\"crypto investors\",\"eth\",\"ethereum\"],\"dateCreated\":\"2024-02-21T00:00:36Z\",\"datePublished\":\"2024-02-21T00:00:36Z\",\"dateModified\":\"2024-06-11T06:52:39Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/04\/Altcoins.jpeg?fit=1140%2C815","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/576072"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=576072"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/576072\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/526928"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=576072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=576072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=576072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}