With the help of data from platforms tracking the movements of whale watching platforms, altcoin whales after the recent drop in prices. Uniswap and Crypto.com He revealed that he has accumulated altcoins such as
Altcoin whales The increasing accumulation by the altcoin price is considered to be an overall upward trend for the altcoin price.
Smart money, capital controlled by institutional investors and major wallet traders, has fluctuated throughout Christmas. Whale groups have amassed Uniswap and Crypto.com through the decline.
Analysts noted an increase in the number of whale addresses on Uniswap and Crypto.com. Movements of whale or large wallet assets are known to have an impact on altcoin prices. Analysts at crypto intelligence firm Santiment have observed an increase in the number of whale addresses.
The increase in the number of altcoin whale wallet addresses holding the CRO, the native token of the Crypto.com chain, between 100,000 and 10 million, has not gone unnoticed by analysts.
The backlog of big wallet holders started when Crypto.com bought the naming rights to Los Angeles’ sports arena.
Uniswap, a DeFi protocol that supports the exchange of cryptocurrencies, is among the key projects witnessing a price increase in the first half of 2021. Major wallet addresses are more into their bags due to the recent drop in prices UNI It wants to add the token.
Tier-1 Ethereum scaling solutions witnessed a price spike during the Christmas holidays. A cryptocurrency analyst, known by the pseudonym Altcoin Sherpa, believes the altcoin rally has begun.
A short thread on $ETH, other L1s ( $LEFT $AVAX $NEAR), rotating, and breaking down old ideologies
(yes, I realize it’s Xmas. I can’t turn my brain off, though) pic.twitter.com/SQ8CVzTpXU
— Altcoin Sherpa (@AltcoinSherpa) December 26, 2021
Since the launch of Uniswap on the Polygon network, there has been an increase in the altcoin network’s on-chain activity. 99.3% of Uniswap owners voted to support the proposal to bring Uniswap v3 to Polygon.
Additionally, a $20 million fund has been offered to accelerate Uniswap’s launch on the Polygon network. This fueled the bullish narrative for Uniswap price. As the whale buildup continues, analysts are predicting a price increase on Uniswap and Crypto.com.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.