Ethereum Name Service (ENS) and Treasure (MAGIC) have shown significant network growth in recent days. Shiba Inu (SHIB) is up 14% on the week, driven by interest from whales. On the other hand, Chainlink (LINK) fell by 3% to $12.56.
Fluctuations continue in the cryptocurrency market. Bitcoin has experienced a decline of 1.77% in the last 24 hours, which has had a negative impact on the overall market. Santiment offered a positive outlook on some altcoins during this period.
According to Santiment's data, Ethereum Name Service (ENS) and NFT ecosystem Treasure (MAGIC) pointed out an upward trend, drawing attention with the network growth in the last 24 hours. Sudden network increases during periods when these projects have plateaued price performance generally indicate an increased chance of a breakout. At the time of writing, ENS is trading at $25.69 and MAGIC is trading at $0.4756.
In the evaluations made about Shiba Inu (SHIB), it was stated that SHIB differs from other meme coins due to the remarkable increase in transaction whales. SHIB showed a different performance than other altcoins over the weekend, increasing by 5% in the last 48 hours. While off-the-shelf whale purchases continue, the shrinking purse of stock market whales pleases investors. However, SHIB fell 3.40% in the last 24 hours to $0.00001621; Despite this, it increased by more than 14% on a weekly basis.$SHIB
Chainlink (LINK), on the other hand, has experienced major liquidations due to fear, uncertainty and doubt (FUD) in the markets and is creating new lows. Weak hands on LINK show signs of desperation, while losses of $60 million yesterday raise the possibility of a local bottom. LINK continues to trade at $12.56 after a 3% decline. Additionally, while market volume decreased to $7.65 billion, transaction volume increased by 22% to exceed $328 million.$LINK
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So who will benefit?
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I EXPLAIN IN DETAIL.
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WHEN WILL THE AWARD COME?
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