The blockchain analytical firm Santiment says that the effectiveness of two major cryptocurrencies on the chain is showing strength, while whales are accumulating BNB.
The Reason for the Increase in Active Addresses in LTC is Unknown
With a share on Twitter, Santiment announced that Litecoin (LTC) Ethereumhe says that he has more active addresses than (ETH). In addition, as Santiment reports, the number of Litecoin domain addresses has reached an all-time high:
“We can say that Ethereum’s on-chain activity is under pressure due to high transaction fees. So what brings Litecoin to this point? LTC, DeFi (decentralized finance) and NFThow can it surpass ETH, which is the basis of non-fungible tokens, in terms of active address? Apparently, 600 thousand people use Litecoin (LTC) on a daily basis.”
What is the Situation on Ethereum?
Santiment is the largest that is not on the stock exchanges ETH he says that the number of his investors has increased, while the number of large investors in the stock market has decreased:
“The top ten whale addresses of Ethereum outside the stock market continue to grow, while the top 10 exchange addresses are falling. The ratio between the two varies depending on the price decently. This increase in the rate may bode well for the rise.”
Did BNB Whales Make October Purchases
The blockchain analytics firm Santiment also announced that Binance Coin whales in their portfolios BNBhe says that they have increased by 10:
“Binance Coin has been on the rise lately. BNB whales have accumulated 412,000 BNB in the last two weeks, adding more than 8.7% to their total assets.”
The information contained in this article absolutely does not contain investment advice. Investors should know that crypto currencies have high volatility, so they carry risks, and they should conduct their transactions in accordance with their own research.