Cryptocurrencies Price Prediction: Shiba Inu, Polygon and Bitcoin – European Wrap 27 January
The real reason why Shiba Inu diamond hands refuse to sell despite 40.6% SHIB price rally
Shiba Inu holders who acquired SHIB more than 11 months ago are holding onto their tokens. These holders have refrained from selling their SHIB holdings since December 2021. Shiba Inu’s layer-2 scaling solution Shibarium’s launch is a long-awaited developmental milestone and it could act as a bullish catalyst for the meme coin. It is likely that SHIB holders are awaiting this milestone for shedding their Shiba Inu tokens.
Is the dramatic rise in whale activity in AAVE, MATIC and DYDX a sell signal?
AAVE, MATIC and DYDX price rallied alongside large market capitalization cryptocurrencies Bitcoin and Ethereum in January. Experts at the crypto intelligence tracker Santiment believe the recent spike in activity by whales on these networks needs to be watched closely. Typically a rise in interest from large wallet investors is a precursor to increasing selling pressure and a decline in the asset’s price.
Bitcoin Weekly Forecast: If bulls are back, this is where you can accumulate BTC next
Bitcoin price shows a lack of momentum after an explosive move in the last three weeks. The fourth week has been relatively silent, without a lot of volatile moves. While BTC consolidates, other altcoins are rallying left and right, providing massive gains.
Author
FXStreet Team
FXStreet
