How can I determine the ownership distribution of a specific digital currency?

1 answers

• Dec 27, 2021 · 3 years ago
  Determining the ownership distribution of a specific digital currency can be a complex task. One approach is to analyze the distribution of the currency's supply across different addresses on the blockchain. By looking at the top addresses holding the currency, you can get an idea of the concentration of ownership. Additionally, you can also analyze the trading volume and liquidity of the currency on different exchanges. Higher trading volume and liquidity often indicate a wider distribution of ownership. However, it's important to note that ownership distribution can change over time as new holders enter the market and existing holders sell their holdings. It's always a good idea to regularly monitor the ownership distribution to stay informed about the market dynamics.
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