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