BTC, ETH, ADA, and LINK Surge With High Whale Activity In Network

Bits Logics Team . 11th Nov 2023
  • Whales activity spikes to 6-month high levels on the Bitcoin, Ethereum, Chainlink, and Cardano networks. 
  • BTC and ETH crossed the $37,000 and $2,000 levels over the week, respectively.
  • LINK made an incredible 40.06% surge over the week, propelling it above $15.

According to market on-chain analytics platform Santiment, whale activity has become notably active across major cryptocurrency networks, propelling Bitcoin, Ethereum, Cardano, and Chainlink to impressive heights. The surge in activity has led to a 6-month high across these digital assets, sparking both excitement and speculation in the crypto community.

Bitcoin (BTC) Breaks $37,000 Barrier with a 7.15% Surge:

Bitcoin, the pioneer cryptocurrency, experienced a substantial surge, crossing the $37,000 mark. The impressive 7.15% increase has captured the attention of traders and investors, with speculation rife about the factors behind this sudden spike.

Ethereum (ETH) Soars Past $2,000 with a 13.34% Weekly Gain:

Ethereum (ETH) also mirrored Bitcoin’s upward trajectory by crossing the $2,000 mark. The token witnessed a remarkable 13.34% surge over the week, adding to the bullish sentiment in the overall crypto market.

Cardano (ADA) Hits $0.386 After a Staggering 19.81% Surge:

Cardano’s native token saw an impressive double-digit surge of 19.81%, bringing its price to $0.386. The surge has ignited discussions about ADA’s potential in the evolving landscape of decentralized finance (DeFi) and blockchain technology.

Chainlink (LINK) Emerges as Top Performer with a 40.06% Surge:

Among the standout performers, Chainlink (LINK) stole the spotlight by crossing the $15 threshold. LINK recorded a phenomenal surge of 40.06% in just seven days, outpacing its counterparts.

With these surges and positive sentiment in the crypto market, traders continue to discuss whether the digital asset industry may continue to experience spikes in the last two months before the start of 2024. It should be noted that 2024 is expected to be the year of the BTC-halving event, and several analysts continue to predict a positive sentiment.

Disclaimer: The information and analysis are intended for informational purposes only. All views and opinions expressed should not be considered as financial, investment, or trading advice. Readers are strongly encouraged to conduct their own research before making any investment decisions. Any actions taken based on the information presented by Bits Logics are at the reader’s own risk. The author or any affiliated parties shall not be held liable for any direct or indirect damages or losses resulting from such actions.