BlocksInform
Cryptoanalytical company health predicts price volatility for cardano (), manufacturer (), and fetch.ai () after they all skyrocketed this year.
Santiment a rise of the activity whale on the three projects, platform of intelligent contract ADA, transmitter stablecoin MKR and machine learning blockchain FET, signals of strong price fluctuations are to come.
Cardano, Maker and Fetch all had some brilliant moments in 2023. That has been the case in particular since January 1. But these three strengths in particular have all experienced a sharp increase in whale activity, and you can expect significant fluctuations from here."
Fetch.ai had one of the strongest performances among altcoins in 2023, rising 527% from its 2022 close of $0.094 to a high in February of $0.59.
Fetch.ai is $0.46 when it is written.
Santiment maker went on a rally strong enough to eventually bring the medium holder over the water for the first time since December 2021. Maker is redeemed for $887.88 upon writing.
The dealers who invested in Maker over the past year are finally on top of the water. Our most recent overview of the community takes a look at the 13% increase in MKR's stock market offering, the increase in sales pressure and what this all means for future price returns."
Looking at king crypto Bitcoin (), Santiment the whale addresses are on a decline from their all-time high of 2,489 on February 8th.
“The amount of existing Bitcoin whale addresses continue to flow, with 2,011 existing versus 2,266 that existed one year ago today. 2,489 was the historic record set on February 8, when prices jumped 70 per cent over the next 10 weeks."
Lastly, Santiment the metaverse platform The Sandbox () is setting the stage for a price correction after a token unlock.
The sandbox unlocked 20 per cent of tokens on February 4, in accordance with Tokenomics. But prices have remained flat."
In a Santiment Insights blog post, the analytics firm dives deeper into an unusual pattern seen in SAND.
'However, between 20 and 22 February there was an unusual trend where more chips entered foreign exchange markets, even at higher values. This increase in supply is an indication that prices are likely to recover in the near future. Similar trends have been observed at past token release events in August/September 2022. Where prices plummeted after a month's symbolic release."
The sandbox is being negotiated for 69 dollars at the time of writing.
