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FxWirePro- Altcoins Cronos and Aave have seen a jump in whale activity, what to expect

Wed, 09 Oct 2024, 08:38 am UTC

Cronos chain- It is a blockchain ecosystem dedicated to mainstream adoption of self-custody, Decentralized Finance, and Web3 Gaming. Cronos is an EVM-compatible layer 1 blockchain.

It has seen a significant increase in whale activity over the past week by 255%. (source Santiment) .

The increase in whale activities would have a positive impact on the altcoins.

Major resistance to watch - $0.08250

Support- $0.07500.

AAVE- Aave is a decentralized non-custodial liquidity protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers can borrow in an over-collateralization (perpetually) or under-collateralize (one-block liquidity) fashion.

Increase in Whale transaction compared to previous week - 100%

Major resistance to watch - $155

Support- $130

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