UNI Coin and These 4 Altcoins Are Storming: Watch Out for Accumulation!

Although the global cryptocurrency market has been in decline recently, some cryptocurrencies are following a different trend. Two of these names are Ethereum (ETH) and Uniswap (UNI coin). Behind this rise lies a valuable purchase of $20 million from an account affiliated with Amber Group. Meanwhile, analysts share their return expectations for three altcoins in particular. Here are the details…

Accumulation moves in UNI coin and Ethereum

According to data obtained from the process tracking platform called Lookonchain, a cryptocurrency wallet affiliated with Amber Group purchased Ethereum and Uniswap from the Binance exchange for a total value of 20 million dollars in just three hours. The details of this acquisition are as follows:

• 987,053 UNIs are worth approximately $10.6 million.
• 2,638 ETH is worth approximately $9.2 million.

This massive buying action caused a slight increase in both Ethereum and Uniswap prices. It aroused great curiosity among investors as to whether this momentum would continue. On the Ethereum front The fact that the US Securities and Exchange Commission (SEC) is considering Spot Ethereum ETF applications feeds the optimistic atmosphere. Following the applications made in May, SEC Chairman Gary Gensler’s statements that approval could be granted at the end of the summer are among the factors that increase market confidence.

Stunning analyzes for SHIB, AKT and PEPE

Meanwhile, cryptocurrencies, which are expected to make a rapid recovery this week, attracted attention. Here are 3 cryptos to pay attention to, according to analyst Pooja Khardia:

• Akash Network (AKT): Akash Network’s recovery journey has begun. It has increased by 8% in the last 24 hours. AKT’s decline started weeks before other cryptocurrencies began their downward trend. It was in a downward trend, losing 40% of its value in a one-month period. But that’s about to change, as an increase in network activity increased transaction volume by 183% to $47,525,537. Technical indicators and moving averages point to a strong buy zone. Additionally, the Relative Strength Index (RSI) is at 57,543, which is an indicator of the dominance of the traders.

• Shiba Inu: Shiba Inu enthusiasts await the long-awaited rise. Despite being one of the most well-known chest coins, SHIB has failed to reach its all-time high of $0.00008845 set three years ago. The ongoing decline pushed the Shiba Inu price to $0.00002088, resulting in a 75% move away from its all-time high. Although the intent was great, the Shiba Inu price slowly began to rise with the increase in the number of processes on the network. It currently has a throughput of $482.1 million, following a 41% increase.
• Pepe (PEPE): PEPE has been one of the most popular cryptocurrencies since the beginning, especially with its 829% interest in the last six months and entering the top 25 cryptocurrencies on CoinmarketCap. The sensation reached its peak in May, constantly rising to new heights, but subsequently entered a downward trend. PEPE price is currently trading at $0.0000121 and is slowly moving away from the all-time high, but the bulls have started to make their presence felt in the market again.