BTC, DOGE, and ADA whales join forces to spark a price frenzy!
The entire cryptocurrency world has been turbulent lately! Especially Bitcoin (BTC), the big brother, has unexpectedly led the decline, dragging along a host of altcoin younger brothers for a dive. But don’t worry, the plot twist might happen in the next second!
After the price crash, many cryptocurrencies are looking for that 'bottom line' that can propel them upward. The data from IntoTheBlock (ITB) is like a lightning bolt, illuminating the way forward— it turns out that big shots like Bitcoin, Dogecoin (DOGE), and Cardano (ADA) are quietly relying on their whale armies, preparing for a short-term rebound!
Speaking of whales, the activities of these three guys are quite similar! Large transactions on the Bitcoin network surged over 78% within 24 hours, reaching nearly $43.63 billion! Dogecoin whales are not to be outdone, with a 58.67% growth rate in 24 hours, totaling $1.85 billion in transactions—it's simply exhilarating! Cardano is also keeping pace, with whale transactions skyrocketing by 28.19%, reaching $7.23 billion!
So, when can we expect a real rebound? It's hard to say, as indicators can change just like the market. However, the increase in whale transactions might just be the key to turning things around! Look, even though the BTC price has dropped by 0.93%, who knows if a stunning reversal will come in the next second?
Additionally, over at Cardano, ever since the Chang hard fork upgrade, the ecosystem sentiment has been quite high, which might also give ADA whales a boost, pushing prices to soar! Currently, the ADA price has reached $0.3576; while the growth rate is relatively stable, who knows what surprises lie ahead?
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