Crypto Blog
Amid strengthening market conditions, several prominent Ethereum-based protocols have seen surging whale activity, indicating a potential reversal amid a bearish trajectory.
According to the analytics provider, increasing whale activity often coincides with a price reversal. As the chart above shows, social dominance has also broken its resistance level, which previously acted as support before November 2022.that the number of whales holding Bitcoin has spiked significantly recently. It also said that the number of wallets containing smaller amounts of Bitcoin is also growing.
Considering this, it is unsurprising that some newer high-potential projects are experiencing immense success. One is Bitcoin Minetrix, a new pioneering protocol currently in presale.The presale launched around three weeks ago and has already exploded in its presale, amassing over $1.5 with a quick first-round sell-out. Investors now can buy at $0.0111 but must be fast as the price is set to increase by 10% in 13 days.
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