DOGE, MATIC and UNI on Solid Rise Fueled by Large Whale Transactions

Dogecoin

Dogecoin, Polygon and Uniswap rebounding with big whale transactions coming in

Over the past couple of days, the crypto market has changed its color palette and is back to being mostly green again. As investors returned to the bullish mood and Ethereum’s price rose faster than Bitcoin, many large wallets, commonly referred to as whales, turned their attention to projects where the power reserve failed. been exhausted yet.

As Santiment points out, significantly large capital inflows were noted for such coins as DOGE, MATIC and UNI. The number of transactions of more than $100,000 made with the participation of these cryptocurrencies increased many times during the last week, which caused a corresponding price movement. Over the past few days, the price of Polygon token (MATIC) showed a 71.15% increase, Dogecoin (DOGE) increased by 26% and continues to move up, and Uniswap (UNI) returned 42% of its price. Judging by the latest news, Uniswap has no plans to stop there.

Fundamentals further fuel solid projects

It is important to note the strong influence of fundamental news, which caused such a surge in large transactions and inflamed the prices of these cryptocurrencies – especially concerning the example of MATIC, announced as a participant in the Disney accelerator. Considering the company’s capital of hundreds of billions of dollars, whales clearly sensed here an opportunity for Polygon to increase the capitalization of the ecosystem several times. Uniswap, within this environment, absorbed some of the positivity, but also spared no effort to grab half of Coinbase’s market share.

As for Dogecoin, until recently there was little news about the most popular meme coin, and its main ambassador in the person of Elon Musk now seems to be busy enough with “Twitter gate.” Nevertheless, it will not be surprising if the Dogecoin team unexpectedly surprises us as it has done many times before

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