AMPL is making its loudest move in weeks, surging 12.2% to a current price of $1.38 in just 15 minutes. This rapid ascent from a low of $1.23 highlights a significant shift in market sentiment, likely driven by increased whale activity. As trading volume remains relatively low, this spike stands out in the current crypto landscape.
The price of AMPL has skyrocketed in a short period, reaching a high of $1.38 after starting the day at $1.23. This 12.2% increase reflects a broader trend observed in the cryptocurrency market, where mixed signals are prevalent. Notably, the market capitalization now stands at approximately $3.87 million, with a 24-hour trading volume of $1,046.12. The price change of 11.29% in the last hour further emphasizes the urgency behind this move.
Currently, AMPL’s market cap is around $3,866,195, while its trading volume over the past 24 hours is $1,046.12. The price has seen notable fluctuations, with a day low of $1.23 and a day high of $1.38, indicating a heightened interest from investors.
The likely driver behind AMPL’s recent price surge appears to be the accumulation by large holders, or whales, as they increase their positions. This accumulation often signals confidence in the asset and may lead to further upward momentum. However, the broader crypto market is exhibiting mixed signals, which adds a layer of uncertainty to the sustainability of this surge.
Traders are closely watching AMPL’s price action for potential breakout levels. Key resistance is seen at $1.40, while support is expected near $1.25. A break above this resistance could indicate further bullish sentiment, while a drop below support may signal a reversal.
The post AMPL on Fire: 12.2% Surge as Whale Activity Spikes appeared first on Coinfomania.
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Zcash (ZEC) climbed to its highest price since 2016, extending a rally that has pushed the privacy-focused cryptocurrency’s market capitalization above $20 billion.ZEC reached $1,249.28 before retreating to about $1,195 on Monday, according to CoinGecko data. The token gained about 45% over the past week and 138% over 30 days.The rally leaves Zcash below its launch-era record. CoinGecko lists an all-time high of $3,191.93 on Oct. 28, 2016, when only a small supply of tokens was available.Zcash allows users to choose between public and “shielded” transactions. The latter uses zero-knowledge proofs to verify payments without revealing the sender, recipient or transaction amount.“For users that prioritize privacy, this could become a ‘must have’ feature,” Grayscale’s head of research, Zach Pandl, said in an Aug. 31 analysis.Pandl said that AI could increase demand for financial privacy by making it easier to link public blockchain transactions to users’ identities.Zcash has been on a tear since Grayscale converted its existing Zcash Trust into an exchange-traded fund. The product, trading under the ticker ZCSH, began trading on NYSE ARCA on Aug. 25, giving investors exposure to ZEC through brokerage accounts.The ETF closed Friday at $83.77 a share, with $463.2 million in assets under management, according to the fund’s website. US markets are closed Monday for the Labor Day holiday.Related: Grayscale says Zcash can challenge Bitcoin’s network effects as privacy demand growsThis article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
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