@BOMBERuss 13 April 2022 more from that month

Sentiment, an analytical company, described the behavior of Cardano's largest whales, linking it to ADA's attempts to restore the $1 mark. Analysts have noticed that, despite the fact that the cost of #Cardano has decreased by almost 60% relative to the historical maximum, whales again began to own the largest percentage of available #ADA over the past two years. Cryptokits are defined as wallet owners who have at least 10 million ADA on their addresses. Cardano is down 59% from its historic high of $3.10. However, the largest whales (owning more than 10 million ADA) have returned to their largest share of the supply in two years at 46.6%. Please note that most of these addresses belong to exchanges. Looking at the rest of the altcoin market, Santiment paid attention to #Ethereum (ETH). According to analysts, excessively negative sentiment towards #ETH may signal a trend change in the near future. There is a lot of bearish sentiment in cryptocurrency circles, as the market capitalization continues to fall after an incredible March. Ethereum, in particular, faced a lot of FUD even before its prices rose, and opportunities for #buythedip may well arise. As for #bitcoin (BTC), the analytical firm believes that a noticeable correction in the market capitalization of the leading crypto asset occurred due to the fact that most traders fixed profits. Yesterday, the fall of #bitcoin to $ 39.4 thousand led to a huge number of profit-taking transactions. Interestingly, these spikes usually occur during price increases, and it was probably the capitulation of traders right before many #BTC ended up in negative profit territory.