As a seasoned crypto investor with several years of experience under my belt, I’ve learned to keep a keen eye on market trends and whale activity. The recent surge in altcoins like Cardano (ADA), Shiba Inu (SHIB), and JasmyCoin (JASMY) has piqued my interest, especially given the notable price surges and increased whale activity.
After a market upturn, some alternative cryptocurrencies have regained interest among buyers. Wealthy investors are now considering hoarding these coins in anticipation of potential price hikes.
As a crypto investor, I’ve noticed some exciting price movements in Cardano (ADA), Shiba Inu (SHIB), and JasmyCoin (JASMY). Each token seems to be fueled by an increase in whale activity. These large-scale investors are making significant purchases, causing a ripple effect that pushes the price upward.
Whales Pile In
This week, there has been a notable increase of over 100%, with transactions worth over $100,000 on these networks, surpassing the typical averages recorded in 2024. This trend implies a substantial buildup or accumulation phase.
Based on Santiment’s most recent assessment, a significant increase in large-value transactions suggests growing investment enthusiasm among major players, fueling the price rise for these cryptocurrencies.
The newest advancement occurs during a heightened buildup of specific digital properties. This trend arises as investors aggressively acquire more, leading to heightened demand. The resulting surge of interest often leads to a price increase.
Recently, there has been a surge in the hoarding of large amounts of Cardano by significant investors, or “whales,” despite its price remaining stagnant below $0.46. Similarly, Shiba Inu, a widely-used meme coin, is experiencing an intense period of accumulation. A notable whale even purchased an astounding 715.9 billion SHIB within a six-hour span on June 5th.
After a short period, Lookonchain discovered that nine significant wallets had become active once again. Two of these wallets, labeled as “whales,” collectively invested over $35 million to amass an impressive 1,356 trillion SHIB tokens.
As an analyst, I’ve observed that on average, these whale transactions were carried out at a price of $0.00002596 per SHIB token. This suggests a positive outlook and bullish attitude towards SHIB’s future direction from these significant investors.
Apple Mishap Triggers Rally For JASMY
Last week, JasmyCoin stood out among the top-performing cryptocurrencies due to a misunderstood statement from Apple that was taken out of context.
When Apple announced its intention to integrate Japan’s My Number identification system into iPhones, some investors mistakenly believed that JasmyCoin was a part of this project.
As a researcher, I’ve discovered that JasmyCoin is more than just an Ethereum token; it prioritizes privacy and data security through its ERC-20 designation. This misconception ignited a significant price hike for JasmyCoin, propelling it past $0.038 and yielding weekly gains surpassing 50%.
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2024-06-06 19:25