{"id":12574,"date":"2022-04-02T15:45:23","date_gmt":"2022-04-02T15:45:23","guid":{"rendered":"http:\/\/egrowonline.com\/?p=12574"},"modified":"2022-04-02T15:45:23","modified_gmt":"2022-04-02T15:45:23","slug":"whale-activity-for-axie-infinity-litecoin-and-five-additional-altcoins-is-exploding-amid-upswing-analytics-firm","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=12574","title":{"rendered":"Whale Activity for Axie Infinity, Litecoin and Five Additional Altcoins Is Exploding Amid Upswing: Analytics Firm"},"content":{"rendered":"


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Cryptocurrency analytics firm Santiment is looking at crypto whale transactions to reveal seven altcoins on an uptrend as the market witnesses a recovery.<\/p>\n

In a tweet, Santiment lists<\/a> seven crypto assets in the top-100 category by market cap that are enjoying an increase of more than 100% in whale activity.<\/p>\n

\u201cCrypto\u2019s top 100 assets continue to see massive whale transactions occur. Among assets that are seeing at least TWICE the amount of $100,000 valued transactions, as usual, include: Litecoin (LTC), Axie Infinity (AXS), Maker DAO (MKR), Chiliz (CHZ), Compound Finance (COMP), TrueUSD (TUSD), and Synthetix Network Token (SNX).\u201d<\/em><\/p>\n

AXS is the governance token of the play-to-earn blockchain-based game Axie Infinity<\/a> while CHZ is an Ethereum-based token that powers the sports fan engagement platform Socios.com, powered by Chiliz<\/a>.<\/p>\n

COMP and MKR are the governance tokens of the decentralized finance (DeFi) platforms Compound Finance<\/a> and Maker<\/a> respectively.<\/p>\n

TUSD is a dollar-pegged stablecoin while SNX is the utility token of decentralized synthetic asset issuance protocol Synthetix<\/a>.<\/p>\n

Santiment is also warning<\/a> that despite DeFi platform Aave<\/a> (AAVE) enjoying growing network activity and a rising price, danger signs are flashing. Over the past two weeks, AAVE has surged by over 55% and is trading at $221.97 at the time of writing.<\/p>\n

According to Santiment, AAVE\u2019s Market Value to Realized Value (MVRV) over the past 30 days is excessively high and this could trigger a sell-off.<\/p>\n

\u201cMVRV is too high. There is a high risk of short term traders taking profits and therefore pressing the price down.\u201d<\/em><\/p>\n

\"\"
Source: Santiment<\/figcaption><\/figure>\n

Santiment also says that AAVE\u2019s whale activity is spiking and historically this has tended to precede a fall in price.<\/p>\n

\u201cWhales transactions count seem to spike around price tops, this is what historical performance shows on the chart above. And the late spikes could also mark a local price top.\u201d<\/em><\/p>\n

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Source: Santiment<\/figcaption><\/figure>\n

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

\u2028Featured Image: Shutterstock\/morzan1one<\/em><\/span><\/p>\n<\/p><\/div>\n


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Cryptocurrency analytics firm Santiment is looking at crypto whale transactions to reveal seven altcoins on an uptrend as the market witnesses a recovery. In a tweet, Santiment lists seven crypto assets in the top-100 category by market cap that are enjoying an increase of more than 100% in whale activity. \u201cCrypto\u2019s top 100 assets continue […]<\/p>\n","protected":false},"author":1,"featured_media":12575,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[2948,2014,200,1890,3140,3470,1585,3141,199,3240,2121],"class_list":["post-12574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-activity","tag-additional","tag-altcoins","tag-analytics","tag-axie","tag-exploding","tag-firm","tag-infinity","tag-litecoin","tag-upswing","tag-whale"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/04\/lite-axie-whales.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/12574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12574"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/12574\/revisions"}],"predecessor-version":[{"id":12576,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/12574\/revisions\/12576"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/12575"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12574"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}