Dec 3
📊 With altcoins not slowing down on their historic runs yet, the euphoria from a week ago is showing trader fatigue. Even with crypto mainstays like XRP (+444%), Cardano (+280%), and Stellar (+512%) all having historic 30-day stretches, it appears that retail traders have grown a bit quiet after profit taking on earlier rallies in late November.
With markets historically moving the opposite direction of the crowd's expectations, the silence toward these top caps should be considered an encouraging sign that FOMO won't be interfering with any further climbs... at least not yet.
📈 Altcoins continue to fly. Here are the 10 most notable coins (with at least a $500M market cap) seeing the highest rise in whale transactions this week:
🐳 1) Fasttoken $FTN
🐳 2) ENS $ENS
🐳 3) Trust Wallet Token $TWT
🐳 4) LayerZero $ZRO (On Arbitrum)
🐳 5) Memecoin $MEME
🐳 6) Amp $AMP
🐳 7) Axelar $AXL
🐳 8) LayerZero $ZRO (On Ethereum)
🐳 9) Curve $CRV
🐳 10) DAI $DAI
High whale activity is often a precursor to price volatility. Keep close tabs on any non-stables that suddenly surge in whale transfers to make your most informed portfolio decisions.
Dec 2
📈 Network growth is high amongst several altcoins right now. Notably, keep an eye on XRP Ledger, Shiba Inu, and Band. On Sunday alone, we saw...
📌 XRP: 22,357 New Wallets
📌 SHIB: 7,548 New Wallets
📌 BAND: 35 New Wallets
All of these network growth spikes, relatively much higher than each project's normal rate, indicate a high level of crowd engagement, mixed with a fair bit of euphoria. In the short term, prices may be volatile due to increased retail engagement. However, long-term, it is a promising sign to see rising levels of utility on any asset's blockchain. 👍
🐳 According to the Santiment Centralized Exchange Deposits Dashboard, some of the largest trasnfers of altcoins include Eigenlayer ($2.8M), Ethena ($2.5M), Worldcoin ($2.0M), Wrapped Bitcoin ($4.8M), Pepe ($3.0M), and Chainlink ($1.8M).
When large levels of an asset's supply suddenly get moved to exchanges, it is a sign that a whale has intent to sell off a portion of their coin holdings. Though Bitcoin's continued ascent may minimize the impact of any tops for these respective altcoins, be aware of projects on this list being at greater risk of (at least) temporary retraces.
Monitor the top centralized exchange deposits on the completely FREE dashboard here!
🚀 XRP has skyrocketed to an astounding $2.49 market value for the first time since January 8, 2018. The 6-year (nearly 7-year) high comes as wallets with 1M-10M XRP have accumulated 679.1M tokens (currently worth $1.66B) in just 3 weeks. Also, total non-empty XRP wallets have eclipsed 5.5M for the first time in the coin's 8+ year history.
Nov 28
🦃 Crypto is seeing altcoins have yet another breakout following the Bitcoin rebound to above $97.3K. Our latest video breaks down the bullish argument as we head into the 4-day US holiday.
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Nov 27
📈 Bitcoin has recovered to above $96.6K today, and altcoins are surging once again as a result. Here are the top 10 coins (among $500M+ market caps) seeing crowd sentiment rises compared to the week prior:
🥳 1) Chainlink $LINK
🪩 2) Sui $SUI
🍾 3) USD Coin $USDC
🎉 4) Toncoin $TON
🪅 5) dYdX $DYDX
🥂 6) Avalanche $AVAX
🎊 7) EOS
🪇 8) Bitcoin Gold $BTG
😃 9) Popcat $POPCAT
🙌 10) Gnosisdao $GNO