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A prominent crypto analytics platform says there has been a dramatic increase in whale trading centered around Litecoin (LTC) and Binance’s native token.
According to market research firm Santiment, investors should: keep As transactions exceeding $1 million involving these digital assets surge, we are eyeing Bitcoin (BTC) alternative LTC, Binance Coin (BNB), and Binance’s own stablecoin BUSD. .
Litecoin whale trading has been much higher than usual in late December. Additionally, both Binances native tokens BNB and BUSD have seen high spikes in transactions valued at over $1 million. Please keep an eye on these assets.”
Binance Coin is trading at $246 at the time of writing, while Litecoin is trading at $66.93.
Santimento too To tell That news event played a major role in influencing the direction of the crypto market in 2022.
As Fear, Uncertainty and Doubt (FUD) around the COVID-19 pandemic, Federal Reserve rate hikes, Russia-Ukraine war and the collapse of the multi-billion dollar FTX emerge, virtual Currency prices are likely to recover. Easy to start replacement.
2022 was arguably the most glaring year for the cryptocurrency market to be affected by news events. We’re watching the news, and prices may rise as FUD eases on these four topics.”
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