These Crypto Projects Are Seeing the Highest Increase in Whale Activity

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Sep 07 2024

STG-1.476%

TOKEN-4.68%

Should l Buy STG?

Whale Activity in Crypto Market: Despite the unpredictable nature of the crypto market, large investors (whales) are actively engaging in transactions, with notable increases in whale activity for projects like SuperRare, PepeFork, and Stargate Finance, showing growth rates of 4,087%, 2,400%, and 2,083% respectively over the past month.
Market Trends and Price Declines: While whale activity has surged for certain projects, the prices of many native tokens have declined significantly, indicating a disconnect between whale transactions and overall market performance; major cryptocurrencies like Bitcoin and Ethereum have also experienced reduced whale activity.

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Technical Analysis for STG

Technical Sentiment Analysis for Stargate Finance (STG) As of , Stargate Finance (STG) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for STG stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, STG is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Stargate Finance (STG) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.073	0.0951	0.121	0.143	0.169	0.191	0.216
Fibonacci	0.0951	0.113	0.125	0.143	0.161	0.172	0.191

About STG

Stargate Finance (STG) is an omnichain-native asset bridge designed to solve the blockchain trilemma, which says that no blockchain can be decentralized, secure, and fast simultaneously. It does this by simplifying cross-chain DeFi transactions, which lets users transfer and swap their assets between different blockchains, layer-2 networks, and decentralized applications (dApps) almost instantly.Stargate users can also move their assets between different liquidity pools on various decentralized finance (DeFi) protocols and dApps. The protocol supports transfers between eight chains: Ethereum, Avalanche, Polygon, Metis, BNB Chain, Arbitrum, Optimism and Fantom.The platform offers several other, profit-making features: users can supply liquidity pools, stake assets, and farm tokens. When users stake their assets, they can help govern the Stargate Finance Exchange.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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