Santiment: “Whales Have These Two Altcoins On Their Radar! Price Rises Up!”

Leading cryptocurrency bitcoin While it has been on the rise since the beginning of the year, there has been activity in the altcoin market.

Ethereum (ETH) and with some altcoins leading the rally, altcoin managed to attract the attention of investors with the rise of two altcoins in the market.

Popular on-chain data platform Santiment, Litecoin (LTC) and dYdX (DYDX) He said he had an explosion.

First to look at Litecoin centimeter, LTC He stated that there has been a large increase in the processing of large whale addresses holding

“Litecoin’s large whale transactions have experienced a burst of activity that saw a resurgence of transactions valued at $1 million or more.

Prices rose 37% and 33% after the last two similar-sized whale increases.”

Analysts, who attribute this volatility and rise in Litecoin to the halving event scheduled for August 2023, believe that LTC will continue to be on the radar of investors this year as the halving approaches.

Noting that the halving event will act as an important catalyst for LTC to increase further, some analysts said, LTC It expects its price to rise to around $150.

Litecoin, which has increased by 6.28% in the last week and 1.35% in the last 24 hours, is trading at $ 88.46 at the time of writing.

⚡️🐳 #Litecoin‘s large whale transactions have exploded with activity, indicating a resurgence of transactions that are valued at $1 million or more. On the tail end of the last two similarly sized whale spikes, prices jumped +37% and +33% at their peaks. https://t.co/WD3Mc5QWKg pic.twitter.com/ruuIGXHEBQ

— Santiment (@santimentfeed) January 26, 2023

“DYDX Whales Increase!”

Secondly, the unlocking has been delayed from February of this year until the end of December. dYdXSantiment said that whale addresses are increasing in dYdX.

Santiment also said that DYDX is surging above $2 for the first time in 10 weeks, with increasing support from whales.

“DYDX was a bright spot, with the normally calm altcoin gaining 22% in a single day.

There are already 986 active whale addresses in the DYDX network. This indicates that there may be a large increase.”

57.61% in the last week, 21.72% increase in the last 24 hours DYDX At the time of writing, it is trading at $2.07.

📈 $DYDX has been a bright spot and is +22% on the day in an otherwise quiet #altcoins market. There are already 986 active addresses on the #DYDX network, indicating a big utility increase. Additionally, there are already 10 $1M+ whale transactions today. https://t.co/zrCLGb9ZMD pic.twitter.com/82QUsnzLOz

— Santiment (@santimentfeed) January 25, 2023