Crypto investors are looking for profits after Bitcoin's price stagnated following the halving.
Big investors (whales) are moving their money from Bitcoin to altcoins like Cardano, Toncoin, and Arbitrum.
Whales' interest in these altcoins suggests they believe these coins have room to grow despite recent market dips.
After the recent Bitcoin halving in April, the crypto market geared up for potential gains. But Bitcoin’s price remained relatively calm.
So, what are the big investors, or “whales,” up to? They’re shifting their focus to altcoins, looking for new opportunities. Experts believe that these altcoins present golden opportunities for potential gains.
So, which ones are the giants focusing on? Which would probably work out best for you? Let’s dive in.
Top 3 Whale Picks To Buy
Cardano (ADA)
Since November 2023, Cardano has been witnessing a steady accumulation by whales. This trend has intensified recently, with a noticeable increase in transactions exceeding $100,000. While this accumulation is not a direct point of price movement for ADA, it signals growing interest from significant investors. Given the substantial influence of whales on daily trading volume, their continued accumulation of ADA could potentially support and even drive up its price in the future.
Toncoin (TON)
Toncoin’s rise to the top crypto ranks started with speculation about Telegram’s upcoming IPO. This caught the eye of big investors, leading to a flurry of high-value transactions. Despite a small dip from its peak, Toncoin continues to gain value, making it attractive to investors seeking profits. The ongoing interest from big investors shows their confidence in TON’s potential for growth.
Arbitrum (ARB)
Despite facing price corrections for nearly two months, Arbitrum has remained a target for whale accumulation. With expectations of a post-halving rally diminishing and an impending token unlock event on May 16, whales may be looking to capitalize on potential profits. The consistent accumulation of ARB by whales suggests a strategic move to prevent significant price declines, particularly considering the impending increase in circulating supply. This accumulation could buffer against ARB’s price dropping below $1.00.
In a world of changing market conditions, big crypto investors show adaptability by shifting focus from Bitcoin to altcoins. Their interest in Cardano, Toncoin, and Arbitrum reflects confidence in these assets, despite market ups and downs.
Do you agree with the whales’ picks? Which altcoins are you keeping an eye on?
Also Check Out: Altcoin Season Ahead? As Ethereum-Based Tokens Take Charge?
FAQs
Big investors (whales) are moving their money from Bitcoin to altcoins like Cardano, Toncoin, and Arbitrum. Whales' interest in these altcoins suggests they believe these coins have room to grow despite recent market dips.
What is the top 3 crypto coins at the moment? ›
Bitcoin and ethereum dominate the global cryptocurrency market cap in the top two spots. Beyond them, BNB, solana and XRP jostle for position among the top 10 cryptos.
What is the next crypto that could make you rich? ›
5th Scape is one of the new coins that can make you rich in 2024. This innovative project combines VR tech, including hardware and VR games, with blockchain for ecosystem growth and development. Currently in the presale stage, you can buy the 5SCAPE token at low prices before it is listed on exchanges.
How do you know if whales are buying crypto? ›
You can see what crypto whales are buying by using tools like Whale Alert, Dex Check, and Etherscan to identify crypto whales. Then, you can add their addresses to platforms such as DeBank or Zerion to easily track their on-chain portfolios and transactions.
What is the most promising crypto under a dollar? ›
2. What is the best crypto to buy under $1?
- Doglibre.
- XRP.
- Dogecoin.
- VeChain.
- Shiba Inu.
- IOTA.
- Green Bitcoin.
- FAQs.
Solana – Undervalued Web 3 Infrastructure With High Scalability and Low Fees. Solana is also a cryptocurrency with the highest potential. Launched in 2020, Solana has developed blockchain infrastructure for the Web 3 era. Solana's native language, Rust, enables developers to build decentralized applications.
What is the most stable crypto right now? ›
The top 5 stable coins in 2024 may vary depending on market conditions, but some of the most popular ones currently include Tether (USDT), USD Coin (USDC), Binance USD (BUSD), Dai (DAI), and TrueUSD (TUSD). Tether (USDT) is the most widely used stablecoin and is pegged to the U.S. dollar.
Which crypto will give 1000x? ›
Dogeverse – 1000x Coin with Over 600,000% Staking APY
Our top pick for the cryptocurrency most likely to soar by 1,000x is $DOGEVERSE, the native token of Dogeverse. This new meme coin is the only such cryptocurrency available on six blockchains.
What coin will skyrocket? ›
SingularityNET and Fetch.ai are cryptocurrencies that could capitalize on the AI boom. Other cryptos that could be successful include THORChain and Sei. While Bitcoin and Ethereum are already established, they still have solid growth potential.
Which coin can make you a millionaire in 2024? ›
Top 5 Altcoins to become a millionaire in 2024: BlockDAG leads with 30,000x ROI, followed by Apecoin, Polygon, Aave and Chainlink. What if the next big thing in cryptocurrency is already here? As 2024 unfolds, the spotlight is on the top altcoins poised for exponential growth.
For example, a Bitcoin whale refers to individuals or organizations with substantial Bitcoin holdings, often considered holders with a significant stake compared to smaller participants. Whales can also be prominent figures, celebrities, or even corporations that own a significant amount of a stock or cryptocurrency.
What are crypto whales' answers? ›
Crypto whales are individuals or entities that hold large amounts of cryptocurrency. They may have an influence on the price and liquidity of a cryptocurrency.
How much money do you need to be a whale in crypto? ›
A crypto whale refers to a person or entity that holds a large amount of cryptocurrency, enough so that their transactions alone can affect the currency's market. Generally, someone owning at least 10 percent of a given cryptocurrency can be considered a whale.
What are 3 cryptos that will make you rich? ›
If Bitcoin Keeps Running, Owning These 3 Cryptos Could Make You Rich
PlayDoge is poised to be the next big cryptocurrency to explode during the next twelve months. This innovative project combines the popular Doge meme with a play-to-earn (P2E) mobile game, where users care for a digital pet similar to a Tamagotchi.
Which altcoins will explode in 2024? ›
Best Altcoins for Next Bull Run
| Coin | Market Capitalization | Current Price |
|---|
| Dogecoin (DOGE) | $0.1294 | $0.147 |
| Cosmos (ATOM-USD) | $8.94 billion | $9.02 |
| Kaspa (KAS-USD) | $2.53 billion | $0.1201 |
| Stellar (XLM-USD) | $3.92 billion | $0.1072 |
3 more rowsMay 9, 2024
All Cryptocurrencies
| Rank | Name | Symbol |
|---|
| 3 | USDTTether USDt | USDT |
| 4 | BNBBNB | BNB |
| 5 | SOLSolana | SOL |
| 6 | USDCUSDC | USDC |
43 more rowsWhich crypto will boom in 2024? Cryptos that could boom in 2024 include SingularityNET and Fetch.ai, both of which may capitalize on AI's popularity. Bitcoin is another crypto that could be poised for a strong performance in 2024, thanks to the SEC's approval of Bitcoin ETFs.
Which coin is best to buy right now? ›
Best Crypto to Buy Now
- Bitcoin — Best for Long-Term Holding. ...
- Ethereum — Best for DApp Development. ...
- XRP — Best for Cryptocurrency Exchanges. ...
- Solana — Best for Smart Contracts. ...
- BNB — Best for Paying Exchange Fees. ...
- Dogecoin – Best for Online Gambling. ...
- Cardano – Best for Sustainable Blockchain Development.
