Santiment: Whales Are Heavily Buying Five Altcoins: FET, BNT, GRT, MKR And ENJ
According to crypto analytics firm Santiment, whales are accumulating five altcoins: Fetch.ai, Bancor, The Graph, Maker and Enjin.
The crypto insights platform shared with its almost 90K followers that decentralized machine learning network Fetch.ai (FET) is leading the altcoin pack in terms of heavy whale accumulation.
FET is followed by decentralized exchange Bancor (BNT), indexing protocol The Graph (GRT), stablecoin governance token Maker (MKR) and blockchain-based gaming platform Enjin (ENJ).
“The number of whale addresses have grown for many assets, and fallen for others. Looking to get into projects where large addresses numbers have been rising? Watch FET, BNT, GRT, MKR and ENJ.”
? The number of whale addresses have grown for many assets, and fallen for others. Looking to get into projects where large addresses numbers have been rising? Watch $FET, $BNT, $GRT, $MKR, and $ENJ, and track whales in real-time with your PRO account. https://t.co/UgvpGprlQ4pic.twitter.com/LuvNO5C0A3
Regarding Bitcoin, Santiment says that even though the leading crypto asset has shown nice moves recently, market participants appear to doubt BTC’s recent strength.
“Commentary toward BTC right now, however, is actually more negative and sparse than usual. When crypto’s top coin is doubted and overlooked, this historically pushes prices further north.”
Regarding Ethereum, Santiment points out that ETH’s on-chain activity is on the up and up amid the surge in the value of the leading smart contract platform.
“Ethereum’s climb back toward its May price all-time high continues, as the amount of ETH circulating on the network has hit a one-month high. If this metric climbs further, it will be a component to the #2 market cap asset exceeding its previous [all-time high].”
