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Home»ALTCOIN NEWS»Santiment says retail FOMO is set to hit Cardano and he is seeing Ethereum-based coins split from the altcoin pack.
ALTCOIN NEWS

Santiment says retail FOMO is set to hit Cardano and he is seeing Ethereum-based coins split from the altcoin pack.

By Crypto FlexsNovember 11, 20242 Mins Read
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Santiment says retail FOMO is set to hit Cardano and he is seeing Ethereum-based coins split from the altcoin pack.
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Smart contract platform Cardano (ADA) could soon see FOMO (fear of missing out) in retail, according to cryptocurrency analytics platform Santiment.

Santiment said in a new thread on social media platform

“Cardano has been one of the surprising altcoins to watch during this cryptocurrency pump. It’s up over +25% in the last three days, and we may see some retail FOMO soon. It has been a long time coming for the patient ADA community.”

Source: Santiment/X

According to Santiment’s chart, 37,892 unique ADA addresses were sent in one day, the most since the September 4 low. The chart also highlights that ADA whales processed nearly 700 transactions worth more than $100,000 each last week.

Cardano is trading at $0.528 at the time of writing, up more than 20% in the last 24 hours.

Market intelligence firm and decentralized oracle provider Chainlink (LINK) says Ethereum (ETH)-based protocols are seeing similar trends in terms of whale activity and price action.

“Chainlink broke away from the altcoin pack and broke above $13.65 for the first time since July.

Whale activity is at its highest level in three months, with key stakeholders holding between 100,000 and 10 million LINKs amassing $369.8 million worth of coins in seven weeks, an 8.2% increase in holdings.”

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Chainlink is trading at $14.02 at the time of writing, up more than 4% in the last 24 hours.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may suffer. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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