• Cardano and Shiba Inu have seen a spike in whale transactions above $100,000.
• Analytical platform Santiment believes this could indicate the start of a major rally for both altcoins.
• Whale Stats also confirms that Shiba Inu is becoming increasingly popular among whales on the Ethereum network.
Cardano and Shiba Inu See Spike in Whale Transactions
Cardano (ADA) and Shiba Inu (SHIB) have seen an increase in whale transactions over $100,000 according to crypto analytics platform Santiment. This could indicate the start of a major rally for both altcoins as large-scale buyups are often followed by periods of intense price surges.
Santiment Confirms Increase in Cardano Whales
Santiment noted that there has been a jump in the acquisition beyond the $100,000 price range and said that mega-buyups like this are often historically accompanied by periods of intense price surges. This trend was confirmed by Santiment who pointed out that Cardano’s growing whale count could lead to further activity. If this happens it would mark another milestone for the digital currency and its memecoin counterpart Shiba Inu.
Shiba Inu Becoming Popular Amongst Whales
The bullish position on Shiba Inu was also backed up by Whale Stats which noted earlier that the memecoin ranks among the top three Ethereum-based digital currencies that are being acquired by whales on the network. The popularity of SHIB amongst whales is being backed up by its recent growth which includes launching new products like Sidechain Toolkit and its over-collateralized stablecoin DJED.
Cardano Sees Growing Adoption
The attractiveness of Cardano’s native token ADA has increased remarkably with its recent launches, making it one of the most vibrant smart contract protocols today. With more coordinated buy ups from whales, Cardano may be set to see even more massive accumulation in coming days which will be marked by a unique milestone for both ADA and SHIB tokens alike.
Conclusion
Whale transactions have been on the rise for both Cardano (ADA) and Shiba Inu (SHIB). According to data analytics service providers Santiment, Whale Stats and others, this could signal a possible surge in prices as large scale buy-ups usually precede periods of intense value appreciation for these coins; suggesting investors should watch out for further developments related to these two digital assets in coming days as they are primed to see massive accumulation soon enough!
You may also like
Archive
- September 2023
- August 2023
- Juli 2023
- Juni 2023
- Mai 2023
- April 2023
- März 2023
- Februar 2023
- Januar 2023
- Dezember 2022
- März 2022
- März 2021
- Februar 2021
- Januar 2021
- Dezember 2020
- November 2020
- Oktober 2020
- September 2020
- August 2020
- Juli 2020
- Juni 2020
- Mai 2020
- April 2020
- Januar 2020
- Dezember 2019
- November 2019
- Oktober 2019
- April 2019
- Oktober 2018
- Juli 2018
- September 2017
- August 2017