Cryptocurrency whales have always had an interest in meme coins like DOGE. However, recently the interest of whales has shifted to different projects. WhaleStats shared that MANA is currently the most held altcoin among the top 2,000 ETH whales. Meanwhile, the whale investor group is collecting Cardano (ADA).
Along with DOGE, ADA is on the whales’ menu.
WhaleStats is a portal that tracks the activities of major crypto investors across various networks. According to WhaleStats, Cardano (ADA) has become one of the most purchased assets of the first 2,000 whales on Binance Smart Chain in the last 24 hours. Meanwhile, the popular meme coin Dogecoin (DOGE) also found its place on the list.
This isn’t the first time ADA has particularly attracted the attention of BNB holders in recent weeks. In addition, he regularly appears in such newsletters. Similar collections before cryptocoin.com We reported it in September and November. The top 100 whales on BNB Chain currently have 21.4 million ADA. That’s the equivalent of $6.87 million. The share of ADA in the total portfolio of this investor group is 0.86%. In total, there are 500,768 Cardano addresses on the BSC network.
This kind of overlap between two different crypto ecosystems may seem strange. However, we are talking about whales after all. So the financial issue clearly comes first. So what opportunity do big investors see in ADA right now?
Cardano (ADA) price action
For the past three weeks, ADA has been holding above the extremely positive $0.3 level. Actually, this level is the lower end of the aisle where the ceiling is at $0.4.
All else being equal, the price of ADA may have bottomed out, according to analysts. So it probably became an attractive asset for whales to hoard leftovers. However, the intake volume is relatively low, albeit by whales. Therefore, it shows that they are acting somewhat cautiously in their investment decisions regarding the asset.
MANA is now the most popular token of the first 2,000 Ethereum whales
According to WhaleStats, Decentraland (MANA) has turned Lido Staked ETH (stETH) in the largest asset in dollar terms among the 2,000 largest ETH whales. Meanwhile, MANA is trading at $0.413 after a slight 24-hour gain of 0.06%. The altcoin weakened by 0.29% against BTC and strengthened by 1.64% against ETH in the same timeframe.
The price of MANA is currently at around $0.4260 by the 20 daily EMA lines. This is also the upper bound of the parallel price channel where MANA has been trading for the past 2 weeks. The lower bound for the price channel is $0.368. According to analysts, currently the daily Relative Strength Index (RSI) line is positioned above the daily RSI Standard Moving Average (SMA) line, which is a bullish flag that could cause MANA to break above the current resistance level.
Analysts say that a break above the resistance level will likely push the MANA higher towards $0.4632. This means a gain of 12.1%. However, they note that if the resistance level continues, MANA could fall as far as the lower band of the current price channel. Meanwhile, analysts state that MANA closing above the 20 daily EMA line by the end of tomorrow’s trading session will be confirmation of the bullish move.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.