• 24 June, 2024
Market News

AAVE, MANA, and LTC Have Seen an Extraordinary Surge in Whale Activity; What Could Be in Store?

These three coins have the potential to increase in value further, with the help of whales. Notably, AAVE has seen a 1,100% increase since New Year’s Day 2021, while both MANA and LTC have seen more modest gains of 871% and 75%, respectively. Additionally, transactions totaling over $100k have been recorded for each of these coins throughout this period.

Thus, it appears that whales are engaging with these three coins more than ever before. It is still uncertain what the impacts of this increased engagement on prices are, however, if past trends are any indicator, then further price increases could be expected in the coming weeks and months.

As such, it would be wise to keep an eye on these coins and watch how the increased whale engagement plays out. With their potential for further growth, they could prove to be attractive investments for traders looking for some upside potential in the crypto market.

Source: Sanbase

AAVE/USD trades at $83.82 against the U.S. dollar at press time, with a market cap of $1 billion and 24-hour trading volume of $249 million. The coin has now seen a 2.56% growth in the past 24 hours.

MANA/USD trades at $0.68 against the U.S. dollar at press time, with a market cap of $1.2 billion and a 24-hour trading volume of $374 million. The coin has seen a 4.49% decrease in the past 24 hours.

Source: Coinmarketcap

LTC/USD trades at $87.46 against the U.S. dollar at press time, with a market cap of $7 billion and 24-hour trading volume of $671 million. The coin has now seen a 1.82% increase in the past 24 hours.

Source: Coinmarketcap

All in all, the increase in whale activity for AAVE, MANA, and LTC is worth keeping an eye on. It remains to be seen how this increased engagement impacts prices for these coins; however, it could be a sign of further gains to come in the medium term. As such, traders should not ignore this development and consider their options when it comes to investing in these three coins.

Conclusion

In the end, only time will tell what the future holds for AAVE, MANA, and LTC; however, the current excitement around these coins is certainly caused optimism. With the right strategy and some luck on your side, traders may find themselves in an advantageous position if they choose to invest in these coins. It could be a great opportunity to capitalize on the current market sentiment, so be sure to keep up with all of the news and developments surrounding these three coins.

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