​Santiment analysts call four coins to trade in March

The material is not an investment recommendation and is published for information purposes only.

What’s new? Analysts at Santiment have called four assets with high activity by large holders that are worth paying attention to. According to them, large transactions (over $100 000) in Cardano (ADA), Hex (HEX), Pax Dollar (USDP), and The Sandbox (SAND) are indicative of the whales’ concern about the volatility of the crypto market. Such activity is a sign that these assets are worth trading in March, experts believe.

Santiment’s blog

What else does the blog say? There was no information on the activity of large holders of the native token of the Cardano (ADA) blockchain from February 15 to 20, but Santiment urged traders not to pay attention to the abnormal dip in the data. Overall, the surge of large transactions that began in February points to serious interest from whales at the $0,405 price level. As of February 21, 09:05 UTC, ADA is trading at $0,3961, down by 2,37% in 24 hours, according to Binance.

Richard Heart’s Hex crypto platform token also continues to rise. On February 20, Santiment recorded its highest level of large trades except for February 9, when there was a correction in the price of the asset, which analysts say could happen again. HEX is trading at $0,064886 (+3,5%).

As for Paxos’ stablecoin USDP, large jumps can be explained by claims from the US Securities and Exchange Commission (SEC), which said that the Binance USD (BUSD) stablecoin issued by the fintech company is an unregistered security. The issuance of the asset was eventually halted by the New York regulator. Analysts have advised investors to watch for fluctuations in any asset associated with the USDP trading pair as more details emerge around this story. The asset has now lost its peg to the dollar, dropping 1% to $0,989978.

The native token of The Sandbox metaverse, SAND, saw its third-largest spike in whale activity in the last 3 months on February 20. This occurred when the price was skyrocketing. Santiment said that such activity raises the possibility of at least a short-term correction. SAND is trading at $0,8003 (-5,37%).

The company urged traders to keep an eye on the actions of large holders of these and other assets and stressed that prices are likely to turn around from their current direction depending on whale activity.

Earlier, analysts at Santiment called six altcoins that have been growing rapidly since the beginning of the year.

The experts singled out HEX, SAND, LDO, SOL, APT, and MANA among the top 100 assets by market capitalization.