🐳 Fantom, Immutable X, and Basic Attention Token all have had major spikes in whale activity over the past day and a half following the Fed's interest rate cuts.

This suggests that these altcoins can thrive, with the assumption Bitcoin and crypto markets continue their growth.

🐳 While #Bitcoin profits are being distributed to various #altcoins, several are showing signs of drawing increased whale interest. Projects such as $INJ, $RPL, $PLA, $STPT, and $BAT have recently seen much higher daily levels of transactions that exceed $100K+ in value.

📊 #Altcoins are creating separation from one another as market polarity continues after last week's big news:

Net. Growth Risers (3 weeks):
📈 $ETH +6%
📈 $ENS +124%
📈 $T +195%

Net. Growth Fallers (3 weeks):
📉 $ENJ -32%
📉 $BAT -42%

📉 $APE -23%

Check out the chart, and compare your own favorite projects!

Whale behavior tracking continues to be an effective method for traders to find spots where assets may be about to go on a price tear, or alternatively, a dump. Below, we've highlighted three projects with accumulating whales (in their key respective high stakeholder trading address size tiers), and three with dumping whales:

⬆️ Increasing Number of Whale Address

Skale ($SKL) - 1m to 10m SKL Address Holdings

Maker ($MKR) - 100 to 10k MKR Address Holdings

Ocean ($OCEAN) - 1m to 10m OCEAN Address Holdings

⬇️ Decreasing Number of Whale Address

Ren ($REN)

The Graph ($GRT)

Basic Attention Token ($BAT)

Disclaimer: The opinions expressed in the post are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product.

We love to look at different ways to gauge which assets may be under the radar and ready to pump. At the time of this writing, altcoins are pumping hard against Bitcoin once again, just a few days after a market-wide dump that saw retracements all over the map.

For this list, we've put together five charts that show a rising gap between overall daily address activity (high orange lines are generally a good sign), and daily active deposits (low pink lines are generally a good sign).

Ethereum ($ETH) - #2 Market Cap Asset

Maker ($MKR) - #35 Market Cap Asset

Enjin Coin ($ENJ) - #57 Market Cap Asset

Decentraland ($MANA) - #59 Market Cap Asset

Basic Attention Token ($BAT) - #66 Market Cap Asset

References:

• XYM - https://cryptopotato.com/nems-symbol-xym-platform-finally-launched-after-delays/
• Morgan Stanley - https://www.cnbc.com/2021/03/17/bitcoin-morgan-stanley-is-the-first-big-us-bank-to-offer-wealthy-clients-access-to-bitcoin-funds.html
• BAT, FIL - https://www.coindesk.com/grayscale-offers-new-trusts-to-invest-in-five-more-cryptos-including-filecoin-chainlink
• VISA - https://cryptobriefing.com/visa-planning-enable-cryptocurrency-transactions/

References:

iota - https://blog.iota.org/together-iota-and-dell-technologies-demonstrate-project-alvarium/

mastercard - https://www.bloomberg.com/news/articles/2021-02-10/mastercard-to-allow-some-cryptocurrencies-in-digital-asset-boom