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According to the WhaleStats service, large holders (whales) of Ethereum seriously bought several altcoins during the market fall. The main focus was on the digital currencies Polygon (MATIC) and Chainlink (LINK). According to analysts, this means that the owners of virtual assets are waiting for further growth in the value of cryptocurrencies.
According to experts, many of the 1000 largest ETH wallets have been replenished with a large number of altcoins, as well as stablecoins USD Coin, Tether (USDT) and Binance USD (BUSD). Last week, the whales of the industry made purchases of cryptocurrency MATIC and LINK for an average of $ 1.1 million per day, and the same amount fell on the share of coins backed by the US dollar (USD).
Market experts say that large holders are accumulating this asset class for a reason. According to experts, this may mean that they are waiting for the next fall in prices in order to further replenish their portfolios. According to analysts, this could be a positive indicator. This state of affairs suggests that investors are still determined to make a profit.
According to statistics, on average, users purchased Polygon for $ 67 thousand and Chainlink for an amount equal to $ 35 thousand. Experts noted that the increased interest of investors influenced the cost of these virtual currencies. While Bitcoin lost 13% in price over the month, MATIC gained 11.3%, and LINK rose 6.7% over the same period of time.
As of 10:50 Moscow time on January 13, 2022, the MATIC cryptocurrency is trading at $ 2.38. The digital currency is in 14th place in terms of market capitalization with an indicator of $ 17.07 billion. Trade volumes amounted to $ 1.82 billion over the past day.
LINK cryptocurrency sells for $ 26.39. This digital currency is in 16th position in terms of total supply. The capitalization of the asset is $ 12.32 billion. The daily trading volume is $ 1.86 billion.
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