Whales have an enviable appetite, Cardano has difficulties, and Ripple has hopes.

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Token creators XRP it is believed that the confrontation with the US Securities and Exchange Commission will end in 2022. Team leader – Brad Garlinghouse – said in an interview CNBC on how the company is developing in the context of litigation initiated by the American regulator

One gets the impression that the whales simply did not notice the market collapse, because these heavyweights stubbornly continue to buy bitcoin and ether. Over the past month, they managed to accumulate BTC in a record volume.

Meanwhile, storm clouds appeared on the horizon of Cardano’s prospects: the eToro platform announced the upcoming delisting of ADA. Fortunately for the developers of the popular cryptocurrency, we are only talking about restricting the access of American users of the Israeli service to the popular altcoin.

Appetite is worthy of respect

Bitcoin and ether remain whales’ favorite foods. And large investors retain their status as the main manipulators who can easily provoke both a collapse of an asset and its pumping.

Analysts at Santiment point to a rapid surge in whale activity. The ten largest OTC Ethereum addresses accumulated 24.87 million ETH. Curiously, at the same time, the exchange balance of the same super wallets decreased to 4.75 million ETH. Such statistics allow us to assume with caution that in the medium term, ether will become more expensive, because its supply on trading floors is decreasing.

The situation is similar with Bitcoin. The lion’s share of the asset is held by addresses containing from 100 to 10,000 BTC. Santiment emphasizes: last week, while ordinary BTC holders were counting losses, whale wallets bought almost 40,000 coins.

A little earlier – in mid-November – they switched to profit-taking, dropping a modest amount of reserves at the most comfortable cost. And today, whale addresses control 49.1% of the total BTC supply on the market. If the accumulation trend continues, we may witness a new run of Bitcoin in the coming weeks. Who knows, maybe it will go down in history – for example, as the December 2021 rally.

Not only whales are engaged in accumulation, but also other categories of holders of digital assets. The day before, Glassnode experts reported that the number of bitcoin addresses with different cryptocurrency volumes set a new record, reaching 38.76 million.

The previous maximum was recorded on April 23: on that day, the number of wallets with a non-zero balance increased to 38.7 million. It took 213 days to recover the indicators and reach the historical maximum.

The light at the end of the tunnel?

Despite the lawsuit lasting almost a year, Ripple is developing quite successfully, Brad Garlinghouse told CNBC. The XRP creator was referring to the legal saga launched in December 2020 by the US Securities and Exchange Commission.

Recall that the SEC filed a lawsuit against Ripple, accusing the company of placing XRP tokens, which the American regulator considers unregistered securities. The litigation has been going on for 11 months, but the developer has not only withstood the pressure, but continues to develop successfully, said Garlinghouse.

According to his forecasts, the trial will end in 2022. Ripple has faced considerable difficulties in the US, but it is growing successfully in other jurisdictions. In particular, serious partnership agreements have been concluded in the Middle East and North Africa, and the Asia-Pacific region remains one of the most promising in terms of IT business, and Ripple is actively developing it.

Garlinghouse highlighted the company’s loyal customer support – long-term XRP holders. The Hodlers are helping Ripple survive in court, creating a public outcry around the scandalous process. Namely, this is what the SEC, acting as a plaintiff, fears.

XRP is currently ranked 7th in the ranking of the largest digital currencies. The capitalization of the token for the week decreased by 7.3% – to $ 47.72 billion. On Wednesday evening, XRP is trading at $ 1.01.

Cardano and Tron are no longer trending?

Tough times may come for American traders who prefer Cardano (ADA) and Tron (TRX) trades. One of the popular cryptocurrency platforms – eToro – announced the delisting of these coins by the end of 2021. The Israeli startup said in a statement that starting December 31, US investors will be deprived of the opportunity to launch new positions and place bets on ADA and TRX.

To ensure safe withdrawal of funds in these cryptocurrencies, the platform will keep the wallets working until the end of the first quarter of 2022. Then all kinds of transactions with two assets will be stopped. An unexpected decision is related to the regulatory problems of cryptocurrencies in the US jurisdiction.

Cardano is now in the TOP-10 of CoinMarketcap and is traded in sixth position at $ 1.60 with a capitalization of $ 53.45 billion. Weekly losses of the token amounted to 14%.

Tron is on the 30th line in the rating of digital currencies: its rate fell to $ 0.09708, capitalization in 7 days decreased by 13%, to $ 6.956 billion.

Sources: Twitter, eToro, CoinMarketcap, Santiment, Glassnode, CoinTelegraph

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