• 13 July, 2024
Markets News

ADA, SHIB, and HEX Are All Experiencing Remarkable Gains in Their Respective Markets

One of the most telling signs that a market move is coming is when large whale transactions spike. Recent data from Whale Alert has revealed that whales have been buying up these three cryptos, with transactions worth over $100k. This indicates that big money investors are betting on crypto markets and could signal an upcoming price shift for Cardano, Shiba Inu, and Hex.

Keeping a close watch on these three assets is important as their prices could be volatile. As always, doing your own research before investing in any asset and ensuring you understand the risks involved is advised. With this information in mind, may the markets be in your favor?

It’s important to remember that while large whale transactions may signal an upcoming movement in the market, they are not guaranteed. All investments carry risk, and investors should exercise caution before making decisions. That said, staying informed and up-to-date on all the latest developments in the crypto space is always beneficial.

Cardano

Cardano is a blockchain platform that is powered by the Ada token. At the time of writing, ADA/USD trades at $0.40, and the project has recently seen tremendous growth. In addition, Cardano has made several strategic partnerships and is steadily transitioning to the Shelley mainnet, which should help scale its network.

Source: Tradingview

Currently, ADA/USD trades at $0.40 and is an interesting asset to watch for any potential price moves in the coming weeks.

Shiba Inu

Shiba Inu, commonly referred to as SHIB, is a meme coin that has recently been in the spotlight due to its meteoric price rise. Over the last month, it has seen an impressive forty-percent increase in value and currently trades at $0.000015.

Source: Trading view.

SHIB price technicals hint at another possible 40% rally for Shiba Inu versus Dogecoin as Shibarium comes into focus in November 2022. However, three months later, the dynamics have flipped three months later, and SHIB is now trading at $0.000015, making it an interesting asset to watch on the markets.

Shiba Inu (SHIB) is a meme-based cryptocurrency that rose to fame in late 2021. SHIB/USD has surged from its November low of $0.0000085 to a current price of $0.000015, indicating massive gains for those who held on to the asset during the dip.

Hex

Hex (HEX) is a blockchain-based cryptocurrency aiming to increase online payments’ efficiency. HEX/USD has seen significant gains over the past few months and currently trades at $0.042.

Source: Sanbase

Whales have been buying up HEX, with transactions worth over $100k. This indicates that large investors are betting on the crypto markets and could indicate an upcoming price shift. At press, HEX trades at 0.042 and is an interesting asset to keep an eye on for potential upside.

Conclusion

Cardano (ADA/USD), Shiba Inu (SHIB/USD), and Hex (HEX/USD) are all experiencing remarkable gains in their respective markets. Large whale transactions imply that these assets could be a good investment opportunity for those looking to capitalize on potential price surges. It’s important to keep up with the latest news and developments in the crypto space, as this could provide useful insight into where prices are headed next.

Disclaimer:  Investing in any asset carries a level of risk, and investors should exercise caution before making any decisions. This article is informational and should not be taken as financial advice. Please do your own due diligence before investing in any asset.

London, World’s Most Crypto-Friendly Business Hub: Recap Read Previous

London, World’s Most Crypto-Friendly Business Hub: Recap

With a Determined Bullish Impetus, BNB Has Resurfaced at the $332 Local Resistance Level Read Next

With a Determined Bullish Impetus, BNB Has Resurfaced at the $332 Local Resistance Level