Briefly –
- Whales take advantage of the recent price dips to accumulate Crypto.com and Uniswap coins.
- Increased accumulating by large addresses mean bullishness for the altcoin market.
- Analysts see an upcoming rally in Crypto.com and Uniswap tokens.
Capital controlled by large-wallet and institutional investors, Smart Money, has seen fluctuations over Christmas. Various whales have taken advantage of the dip to purchase Crypto.com and Uniswap tokens at discounted prices.
Analysts Observe a Surge in Crypto.com and Uniswap Whale Addresses
Movements by large crypto wallets or whales impacts alternative coins. Analysts at Santiment firm have noted an increase in whale addresses count. The large wallets appear to accumulate Crypto.com’s native token, CRO. Addresses with 100$ to 10M CRO tokens have added more to their holdings. The whale activities began after Crypto.com bought Los Angeles sports arena’s naming rights.
Uniswap, a decentralized finance platform that supports crypto exchanging, is among the projects that saw price increases in 2021’s initial half. Large wallet investors seem keen on accumulating more UNI coins amid the recent price dip.
Also read:Layer1 ETH scaling solutions have seen price upsurges during the Christmas holidays. A pseudonymous crypto analyst, $AltcoinSherpa, trusts the rally by alternative assets has started. He highlighted tokens like SOL, AVAX, NEAR, and ETH.
Alt’s platform’s on-chain activity saw spikes since the Uniswap launched on Polygon blockchain. Meanwhile, 99% of UNI holders supported the proposal to introduce Uniswap V3 to the Polygon network. Furthermore, there was a $20M fund to boost Uniswap’s launch on Polygon. That added steam to UNI’s bullish narrative. As whales continue accumulating, crypto analysts believe Crypto.com and Uniswap will see rallies soon.
Keep in mind that most crypto investors add their positions/treasury during the dip. That means accumulating digital assets at discounted prices. The strategy has proven lucrative for most investors. You might have heard about El Salvador buying Bitcoin dips several times. The best thing is that rallies emerge after that. Moreover, actions by whales have benefited most crypto projects. For that reason, UNI and CRO holders might expect upswings soon.
What are your views on accumulating digital tokens during dip? You can leave your reply below.
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