3 Crypto Coins Whales Are Buying for Q4 :
I mean sincerely, as long as we all remember that I am not a financial advisor, or an investment advisor.
Today, let’s zoom out a little, and let’s talk about what is currently happening in the world, the crypto market, is globally declining, and this is largely or at least partly due to the conflict.
Unfortunately, it is always normal to see sales, and price decreases in times of uncertainty, and that is what we are in at the moment, but here is the thing in which the whales are usually not staggered, by short-term lows, they always play the long game, and their movements reflect there, where they see the future value and not the current value to repeat.
Essentially a pretty old and tired analogy when it comes to hockey, you have to look where the puck is going well, not where it is.
So keep that in mind, it’s the whale mentality that we have to try to adopt it as much as possible.
When you look at the things they buy, and the things they do in terms of emulating behavior, they are very forward-looking, that being said.
The first coin on this list is the king of coins meme :
Dogecoin :
But yeah Wales at the moment is seriously piling on Doge, it’s a phenomenon this quarter that we saw the crypto analyst, Ali Martinez recently pointed out that Dogecoin, is experiencing a fairly significant peak in activity.
In fact, it has just reached its largest number of active addresses in 6 months, reaching more than 84,000 Doge addresses, but there is more to it than that, because the activity of the wheel is increasing simultaneously, and earlier this month.
The whales collected about 1.4 billion Doge tokens, of course it was doge that was worth about $ 140 million, this is a pretty big move, especially if you consider that Dogecoin has taken some pretty serious hits from these tensions, in the Middle East that I discussed a moment ago.
And so as far as all this whale activity is concerned to me, certainly represents a signal that the big players out there are making moves because they know or at least strongly suspect that something big is on the horizon for Dogecoin.
Let’s not forget the recent high we saw either when Dogecoin reached a monthly high, l of 11.54, we are a little lower than that right now 10.86 cents as a record.
But we were seeing positive activity, before really the whole market took a bit of a hit, and saw price declines.
But this particular Doge pump, about a week ago in particular was the result of the last economic stimulus from China, it was a positive sentiment that spread in crypto, and stimulated a large part of the market.
A lot of coins that are very speculative, like Doge and on top of that, there has also been a noticeable drop in Doge balances, on the main exchanges, especially binance.
And in fact, according to coin glass, binance has seen Doge withdrawals worth $6.12 million, while bybit has seen 4.46 million exits, and this of course counts, because it shows that investors often withdraw their funds from exchanges.
This is a sign that they expect the price of a given asset, that they leave an exchange to rise, and that they therefore hold this token for the long term.
So Dogecoin as surprising as it sounds, is definitely one to watch this quarter, especially with the whales circling and giving it a lot of attention, something big could be brewing.
Then at number two, no surprise Wales chooses to stick to :
Bitcoin :
That’s the smart thing to do, as they see it, is trading right now just below 622,000 s, and if we look at the last few days, it’s actually been a tough week for Bitcoin.
True, it is down for seasoned investors and analysts, but they are not staggered, they just see it as a small bump, not really a big problem in terms of the road ahead.
There has been some selling pressure again, it is partly due to the situation in the Middle East, but it is mainly from small retail holders, and generally even weaker hands, the big players, the space whales are not moving.
In fact, they are doubling down if anything on the founder’s key crypto, de quants a young Jew pointed out, that new whales are aggressively accumulating Bitcoin, and that this level of buying is unlike anything we’ve seen before.
This reflects a growing confidence in the long-term future of Bitcoin only this week, Ali Martinez revealed that these whales, had collected more than 50,000 BTC worth about $3.15 billion, over a period of only 10 days.
And then there is also whale alert, which reported a dormant address holding 100 BTC, worth about $ 6.2 million simple math, this address has been reactivated after almost 11 years, and it doesn’t end there either, because we have seen what is an institutional digital asset platform.
They made headlines by buying 3372 BTC worth more than $200 million on binance.
So what’s next for Bitcoin analysts, are still optimistic, some believe that BTC could revisit the record territory, and even reach the 100,000 mark others, expect a more conservative target of 75 to 80k, to start by the end of the year.
It depends on whether or not it breaks through the key resistance, which is $70,000 right now, but looking at historical trends, I’ve been talking about it a lot lately October tends to be a strong month trend for Bitcoin.
I know this is not the case, it has been a good start for October, but historically, if we stick to the data on average, we have seen very good percentage gains historically, for the month of October for each year, in which there has been data in crypto.
Among these months where we have seen gains, the average is around 23%, so October is just beginning, we are not even a week yet.
So if this market falls sharply below this level, then consolidates and comes back, we are likely to sell, and block.
And last but not least, the one you can’t I expected the whales :
XRP :
Become active, during this last quarter, with the xrp and the data on the chain show that large quantities of xrp are being moved from exchanges, to wallets.
In fact, a whale recently moved 28,900,823 xrp from binance to an unknown wallet, which of course signals an accumulation.
Because when large amounts of cryptocurrency are moved from exchanges to private wallets, it is often a sign that the holder intends to keep the assets for the long term rather than exchanging them immediately, and in another big transaction, 30 million xrp worth about $15.7 million, which were transferred from the exchanges.
The indodax exchange to another unknown wallet, then Wales, have collected more than 470 million xrp in just 10 days, signaling a major interest that is growing for the token.
But apart from all the digital forensic analysis that we can do, xrp has also benefited from a stronger presence, on social networks.
And there has also been a huge increase in trading volume, it recently reached an 8-month high of $2.39 billion, in trading volume, boosted by the bit wise filing.
To launch an xrp-based ETP in the United States, and look while many think that approval, is unlikely soon the filing, still does its part to add credibility of xrp.
However, xrp recently faced a setback, when the SEC appealed its action against Ripple, as expected, xrp reacted badly to this news down more than 10% since then, we do not expect any change in the decision anytime soon.
And the point is that Ripple’s drama with the SEC will probably cast a shadow over the xrp coin in the future.
Conclusion :
The price of xrp, will probably be influenced by the ongoing accumulation in Wales, as well as by the course of the Ripple case.
If xrp can get rid of the legal uncertainty that surrounds it, it could have a bright future future.
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