According to reports large holders of Cardano (ADA) and Litecoin (LTC) are actively buying

According to a renowned crypto analytics organization, Cardano (ADA) and Litecoin (LTC) are being rapidly accumulated by wealthy whales.

According to Santiment Cardano is certainly cheap, considering how quickly whales and sharks are acquiring it.

“Is Cardano now grossly undervalued? One of the most influential members of the sentiment feed community finds evidence supporting this claim, such as sharks and whales (carrying 100,000 to 10,000,000 ADA) amassing rapidly over the previous six weeks.

According to Santiment, the price of ADA deviates from the volume of accumulation, indicating positive sentiment. “I see a disparity between whale activity and pricing.”

The sale of ADA is also diminishing. “There are indications of seller weariness. With each substantial reduction in price, there are fewer and fewer coins moving at a loss.”

According to Santiment, a volume gap on a daily chart might indicate a bullish trend. “We are close to filling the volume void. We may anticipate significant purchasing at such prices.”

According to Santiment’s research of Litecoin, the price ratio of the Bitcoin (BTC) alternative continues to rise relative to the king asset. The price ratio vs Bitcoin is the number of Litecoin required to acquire one Bitcoin. The increase in the ratio correlates with a rise in the number of large holders and addresses.

“Since June 12th, the LTC/BTC exchange rate has increased by 130%. The network has surpassed 1,000 LTC addresses for the first time in two years.”

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