Increase whale purchases as Atrium updates; A jump in prices or a continuation of the downtrend?
Although analysts say Atrium’s next short-term target is in the $ 2,400 range, available data suggest that large investors have begun to accumulate this digital currency on the eve of changing the network mechanism from proof-of-work to proof-of-stock.
To Report Kevin Telegraph, updating the Atrium mechanism to a stock proof model is one of the most talked about topics in the digital currency industry. In addition, industry analysts have always tried to examine the impact of stock-proof transitions on Atrium prices in various ways.
The whales are accumulating before updating the network
Jarvis Labs has collected data on atriums accumulated in whale wallets and compared the percentage changes in whale wallet inventory with atrium prices.
Note that in the image above, the color of the dots indicates the price of the atrium. The chart shows that when the price of Atrium reached above $ 4,000, the whale stock declined, and when it fell below $ 2,300, these investors resumed its accumulation.
The company said:
The whales are accumulating atrium again, and this accumulation has a steady and upward trend.
It is noteworthy that whales are not the only ones accumulating atrium on its price floor. As you can see in the image below, the red dots indicate that both the accumulation of whales and the accumulation of smaller wallets and investors have increased.
Jarvis Labs continued:
Given the distribution of Atrium wallets, it can be inferred that both the whale stock and the stock of smaller investors have grown. Both groups appear to be accumulating atrium. Is this increase in accumulation due to atrium network upgrades?
Will Atrium end its dependence on bitcoin?
Delphi Digital analysts have questioned whether Atrium’s price dependence on bitcoin will disappear as Atrium Final Update approaches or later. They predict that the correlation between Atrium and Bitcoin is likely to increase in the short term.
One of the main questions in the chart above is what Atrium needs to be able to break this invisible chain that has long been sandwiched between this digital currency and bitcoin.
According to Delphi Digital, updating the network to a stock-proof model and some investors’ views on Atrium’s superiority over Bitcoin may be what the digital currency needs to break its bitcoin affiliation.
The company said:
After changing the network mechanism to prove stocks, investors’ interest in Atrium increases. Especially since more people will realize that they have a great opportunity to make more profit from an anti-inflation asset.
Atrium share growth
Despite the decline in atrium prices, available data show that the number of atriums in the Beacon Chain is still increasing. Atrium 2 deposits have also risen in value, according to data from Dune Analytics. Several analysts, meanwhile, have suggested that institutional investors and whales may each trade Atrium before and after the network upgrade.
Also read: Also read: How to participate in Atrium 2.0 stock proof?
Overall, the available data show that although Atrium is 42.5 percent away from its historical peak, large investors have begun to accumulate this digital currency. They seem to be waiting for the digital currency’s share reward bonus to grow, and they expect its price to rise as Atrium’s anti-inflation.