Crypto Analytics Firm Predicts Major Swings for Cardano, Maker and One AI Altcoin That’s Up Over 500% in 2023

Crypto analytics firm Santiment predicts after price volatility for Cardano (ADA), Maker (MKR) and (FET) surged this year.

santimento To tell Increased whale activity across three projects, smart contract platform ADA, stablecoin issuer MKR, and machine learning blockchain FET, indicates that a major price swing is approaching.

“Cardano, Maker and Fetch all have their shining moments in 2023. FET in particular has seen a quintuple increase since January 1st. has increased to , and we can expect significant fluctuations from here.”

Source: Santiment/Twitter is the strongest performer among altcoins in 2023, up 527% from its 2022 close of $0.094 to a February high of $0.59. is worth $0.46 at the time of writing.

santimento To tell For the first time since December 2021, Maker has a rally strong enough to finally bring the average holder to the surface. Maker is trading at $887.88 at the time of writing.

“Traders who have been investing in Maker for the past year have finally pushed the envelope. We’re looking at what that means for future price performance.”

Source: Santiment/Twitter

King Crypto Bitcoin (BTC) Eyes Santiment To tell Whale addresses are down from a record high of 2,489 on February 8.

“The amount of existing whale bitcoin addresses continues to decline, with 2,011 in existence compared to 2,266 a year ago today. +70% increase in

Source: Santiment/Twitter

finally santimento To tell The Metaverse Platform Sandbox (SAND) is gearing up for a post-unlock price correction of the tokens.

“In the sandbox, in line with tokennomics, 20% of tokens were unlocked on February 4th. But the price is stagnant.”

In a Santiment Insights blog post, the analytics firm dive deep To the unusual pattern seen in SAND.

“However, between February 20th and 22nd, an unusual pattern emerged with more tokens entering the exchange market. A similar pattern was observed in previous token unlock events from August to September 2022, with prices plummeting one month after token unlock.”

Source: Santiment/Twitter

The sandbox is trading at $0.69 at the time of writing.

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