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What happened? Experts of the analytical company Santiment found that the number of large transactions related to Litecoin (LTC) and Binance crypto exchange coins — Binance Coin (BNB) and BUSD stablecoin — increased sharply in the second half of December. Analysts advise investors to keep an eye on these assets, as the number of transactions with them with a volume of more than $ 1 million is growing. As of December 30, 14:10 Moscow time, LTC and BNB are trading at $66.55 (-0.69% per day) and $243.7 (-1.02%), respectively, according to Binance. BUSD holds parity against the US dollar.
Source: Twitter.com
What else did the analysts report? Santiment also claims that news events had a big impact on the direction of the crypto market in 2022. According to experts, digital asset prices are likely to recover as soon as the "fear, uncertainty and doubt" (FUD) associated with events such as the COVID-19 pandemic, interest rate hikes by the US Federal Reserve (Fed) and the collapse of the FTX exchange begin to weaken.
Source: Twitter.com
On December 10, Santiment named three altcoins showing bullish signals. The massive short of Polkadot (DOT), Monero (XMR) and Stellar (XLM) may increase the probability of liquidation and price growth, experts noted. At the moment, DOT, XMR and XLM are trading at $4,27 (-1,89%), $144,9 (-0,89%) and $0.0713 (-1.52%), respectively.
