Altcoins that have attracted the attention of whales during the recent market downturn

Altcoins that have attracted the attention of whales during the recent market downturn

Experts from the analytics company Centiment tracked the number of "whale-scale" wallets on Altcoin's large networks and found that over the past week, four digital currencies have received special attention from whales.

Polygon (formerly Matic Network), Ren (REN) digital currencies were aggressively bought from the Ren, Cyber ​​Network (KNC) and Binancecoin(BNB) protocols at the Bainance digital currency exchange.

Analysts interpret the trend as a clear indicator of whales' confidence in the positive short-term and medium-term outlook for these popular altcoins.

As previously reported by U.Today, China Link Whales (LINK) are also steadily increasing their positions despite short-term price fluctuations.

In total, buyers have invested more than $ 2.37 billion in digital currency exchanges to buy digital currencies. According to Glassnode, this is the second significant Tetra liquidity flow in the history of digital currencies.

Dogecoin (DOGE) and Ripple (XRP) had the worst performance among the top 20 currencies in terms of market value during the recent sudden collapse.

Meanwhile, Shiba Inu tokens have risen 13.3% and Monroe (XMR) 9.4% in the last 24 hours.

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After the last bitcoin price record of about $ 58,000, the currency returned to the $ 55,000 floor with more than $ 3,000 correction. Most replacement coins also lost some value, and Atrium fell below $ 1,900.

$ 3000 Bitcoin drop

The first cryptocurrency on the market had a very positive week, with the stock rising more than $ 12,000 in the past few days, from a record low of $ 46,000 to several consecutive records. The last record was set yesterday after BTC reached $ 58,400, which is currently the highest price level in the history of this currency.

However, the bears took action at this stage and did not allow the currency to rise further. Thus, within a few hours, Bitcoin lost more than $ 3,000 in value and reached $ 55,000.

However, BTC has recovered some of that lost value and is currently above the $ 56,000 mark.

Technical indicators show that if the price continues to improve, Bitcoin could gain more support at the levels of $ 55,000, $ 52,365 and $ 50,800. Instead, BTC must cross the $ 57,500 and $ 58,350 resistance lines before entering a new unknown territory.

Atrium below $ 1900 and Ripple jump to $ 0.60

Most large altcoins have started a correction process again in the last 24 hours. Atrium, which hit an all-time high of $ 2050 on Saturday, has lost about $ 200 since then and is currently trading below $ 1,900.

Polkadat has also seen a 2% decline in the last 24 hours. Cardano (5%), LightQueen (1%) and China Link (4%) are all red today.

Binance Quinn reached $ 280 after a 6% increase and partially offset yesterday's loss. However, Ripple rose 20 percent to above $ 0.60 and showed the best performance.
As usual, lower market value altcoins have seen more volatility. The Pundi X went green today with a 53% increase, followed by IOST (48%), Fantom (40%), Holo (35%), OKB (30%), BitTorrent (22%) and Terra (18%). ) Placed.

In contrast, Ontology has lost most of its value (-12%) since yesterday. SushiSwap (-12%), Ravencoin (-11%), Horizen (-11%), 1inch (-11%), THORChain (-10%) and Uniswap (-10%) are also in the next ranks. .