Cardano and Shiba Inu Rally? $100K Whale Transactions Surge

• 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!