• News
    • Bitcoin
    • Altcoins
  • NFT
  • Metaverse
  • Analysis
  • Regulation
  • Learn
  • Market Cap
What's Hot

Meta Unveils Next-Gen AI Tools and Digital Companions for the Metaverse

2023-09-28

What Is Toncoin (TON)? Everything You Need To Know

2023-09-28

Valentino Rossi Steps into The Sandbox with ValeVerse

2023-09-27
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook TikTok Instagram YouTube
CryptoNewsMetaverse
  • News
    • Bitcoin
    • Altcoins
  • NFT

    U.S. IRS Considers Taxing NFTs Like Other Collectibles

    2023-03-21

    Meta Shuts Down NFT Project to Focus on FinTech and Content

    2023-03-14

    Solana’s Solend V2 Release, Is SOL Price $50 Next?

    2023-03-06

    Amazon NFT Marketplace To Reportedly Launch Next Month

    2023-03-06

    Blur Coin Under Fire As Allegations Of Wash Trading Emerge

    2023-03-01
  • Metaverse

    Meta Unveils Next-Gen AI Tools and Digital Companions for the Metaverse

    2023-09-28

    Valentino Rossi Steps into The Sandbox with ValeVerse

    2023-09-27

    Opportunities for Artists and Creators at Decentraland Music Festival 2023

    2023-09-26

    Hitachi Leverages Metaverse and VR for Next-Generation Workforce Training

    2023-09-25

    Upland and KABOOM! Unite to Address Playspace Inequity

    2023-09-22
  • Analysis

    DOJ Officially Seizes Over $456,000,000 Worth of Robinhood Shares Tied to FTX Founder Sam Bankman-Fried

    2023-01-08

    Mark Cuban Makes Prediction on Next Crypto ‘Scandal,’ Warns of Potential Implosion if Exposed: Report

    2023-01-08

    Binance Listings Cause Crypto Assets To Spike an Average of 41%: New Research

    2023-01-08

    Bitcoin Whales Unloaded BTC As Market Reversed and Parked Their Profits in This Crypto Asset Class: Santiment

    2023-01-07

    Crypto Analyst Predicts Breakout for AI-Focused Altcoin, Updates Outlook on Ethereum and Lido DAO

    2023-01-07
  • Regulation

    Ripple files motion to block SEC appeal attempt

    2023-09-04

    JP Morgan believes SEC will be forced to approve ETFs after losing case against Grayscale

    2023-09-03

    Ripple Files Motion To Oppose SEC Appeal Over Landmark XRP Ruling

    2023-09-03

    U.S. SEC Punts on Bitcoin (BTC) Spot Exchange-Traded Fund Approvals, Delays Decisions Until October

    2023-09-02

    Navigating the significance of legal opinions in the crypto sphere

    2023-09-02
  • Learn

    What Is Toncoin (TON)? Everything You Need To Know

    2023-09-28

    What is NBA Top Shot? A Beginner’s Guide

    2023-09-22

    What Are Bridges in Crypto? Cross-Chain Bridges, Explained – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    2023-09-21

    SingularityNET (AGIX) Price Prediction 2023 2024 2025

    2023-09-18

    What Are Altcoins? Best Altcoins to Buy  – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    2023-09-08
  • Market Cap
CryptoNewsMetaverse
Home»Analysis»Cardano (ADA) and Litecoin (LTC) Whales Accumulating Aggressively, Says Crypto Analytics Firm Santiment
Analysis

Cardano (ADA) and Litecoin (LTC) Whales Accumulating Aggressively, Says Crypto Analytics Firm Santiment

2022-12-29No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

A leading crypto analytics firm says deep-pocketed whales are quickly accumulating Cardano (ADA) and Litecoin (LTC).

Santiment says Cardano is likely undervalued given how much whales and sharks are grabbing it up.

“Is Cardano severely undervalued at this point? One of santimentfeed’s key community members certainly sees data making this case, such as sharks and whales (holding 100,000 to 10 million ADA) accumulating aggressively these past six weeks.”

Source: Santiment/Twitter

Per Santiment, there is a divergence between the price of ADA and the volume of accumulation, signaling bullish sentiment.

“I see a divergence between price and whales activity. BULLISH.”

The selling of ADA is also tapering off.

“There are signs of exhaustion of sellers. On every big price decrease there are less and less coins moving at a loss. BULLISH.”

Image
Source: Santiment/Twitter

According to Santiment, a volume gap on the daily chart could signal an upward swing.

“We are near the area of filling the volume gap. We may expect some serious buying at those levels. BULLISH.”

Image
Source: Santiment/Twitter

At time of writing, ADA is changing hands $0.247.

The Santiment analysis of Litecoin found that the price ratio of the Bitcoin (BTC) alternative is still increasing against the king asset. The price ratio against Bitcoin is the amount of Litecoin it takes to purchase one Bitcoin. The ratio increase coincides with an increase in large holders and addresses.

“Litecoin’s price ratio vs. Bitcoin remains up big since large addresses began popping up at historic rates starting in May. Since June 12th, the LTC / BTC price ratio is up plus-130%. The network just hit the most 1,000-plus LTC addresses in two years.”

Image
Source: Santiment/Twitter

Litecoin is valued at $66.17 at time of writing.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney



Source link

Accumulating ADA Aggressively analytics Cardano Crypto Firm Litecoin LTC Santiment Whales
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

What Are Bridges in Crypto? Cross-Chain Bridges, Explained – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

2023-09-21

What Are Altcoins? Best Altcoins to Buy  – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

2023-09-08

Your Guide to the Digital World of ENS Domains – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

2023-09-04

Navigating the significance of legal opinions in the crypto sphere

2023-09-02
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Coinbase Tipped Law Enforcement on Executive Suspected of Crypto Insider Trading, Says CEO Brian Armstrong

2022-07-22

SEC filing declares FTT a security in FTX case development

2022-12-22

Why Ethereum Classic’s [ETC] post-merge ‘high’ is wearing off

2022-09-20

Subscribe to Updates

Get the latest news and Update from Cryptonewsmetaverse.com about Crypto, Metaverse and NFT.

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Instagram YouTube TikTok
Top Insights

Meta Unveils Next-Gen AI Tools and Digital Companions for the Metaverse

2023-09-28

What Is Toncoin (TON)? Everything You Need To Know

2023-09-28

Valentino Rossi Steps into The Sandbox with ValeVerse

2023-09-27
Get Informed

Subscribe to Updates

Get the latest news and Update from Cryptonewsmetaverse.com about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Cryptonewsmetaverse.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$26,867.00-1.10%
  • ethereumEthereum(ETH)$1,668.390.30%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.12%
  • binancecoinBNB(BNB)$215.55-0.35%
  • rippleXRP(XRP)$0.534.00%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • Lido Staked EtherLido Staked Ether(STETH)$1,668.080.50%
  • cardanoCardano(ADA)$0.2539781.62%
  • dogecoinDogecoin(DOGE)$0.0618230.50%