๐ On-Chain Activity Hints at Short-Term Crypto Surges ๐
Cryptocurrency enthusiasts, brace yourselves! On-chain activity is whispering secrets of potential short-term price rallies for Ethereum (ETH) and two intriguing altcoins, Shiba Inu (SHIB) and SushiSwap (SUSHI).
๐ช๏ธ Mild Signs of Panic: Santiment notes that traders of ETH, SHIB, and SUSHI exhibited "mild signs of panic" recently. But don't let panic cloud your judgment; these might be the telltale signs of an imminent rebound.
๐น Capitulation Signals: These three networks recently witnessed some of the highest levels of trader loss-taking in 2023 when compared to profits. In the cryptosphere, this is akin to flashing neon lights. Historically, such indicators have often heralded short-term opportunities for gains.
๐ Ethereum ($ETH ): As of now, ETH is trading at $1,648, with a 2% uptick in the past 24 hours. Keep an eye on this second-ranked crypto; it might be gearing up for a move.
๐ Shiba Inu ($SHIB ): The DOGE rival SHIB currently dances at $0.000007, showing a 0.67% rise in the past day. Could it be getting ready to bark back into action?
๐ฃ SushiSwap ($SUSHI ): SushiSwap, the multi-chain decentralized exchange (DEX), showcases its native asset SUSHI at around $0.578, with over 3% growth in the last 24 hours. Savor the possibility of SUSHI cooking up something exciting.
๐ Avalanche (AVAX): On a different note, traders are buzzing with excitement around Ethereum rival Avalanche (AVAX), all thanks to the launch of the Friend.tech challenger, Stars Arena. This decentralized social finance application (SocialFi) on the AVAX blockchain injected new life into AVAX address activity.
๐๏ธ AVAX: Currently priced at $10.66, AVAX has surged nearly 5% in the past 24 hours. Will it continue to climb the crypto mountain? ๐๐๐
