Rally

Echelon Prime

Lido DAO

Bitcoin

Baby Doge Coin

<p>The post <a href="https://coinpedia.org/price-analysis/top-whales-are-buying-these-altcoin-amid-crypto-market-rally/" rel="noopener noreferrer nofollow">Top Whales Are Buying These Altcoin Amid Crypto Market Rally</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>In recent months, the cryptocurrency market has seen a notable surge in activity, with Bitcoin (BTC) experiencing a significant 60% spike, reaching a high of $42,000. This remarkable growth, however, is expected to plateau in the near future, making way for a potential rally in the altcoin sector. Key indicators such as the Bitcoin daily Relative Strength Index (RSI), currently above 67, suggest a potential reversal in Bitcoin’s price trend.</p>
<p>Meanwhile, the total market capitalization of altcoins is retesting a pivotal resistance level around $700 billion, hinting at a possible substantial expansion in the short term.</p>
<h2 class="wp-block-heading" id="h-whale-accumulating-these-altcoins">Whale Accumulating These Altcoins</h2>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">1/ What is the smart money buying in the rising market?<br><br>We noticed that this smart money is buying <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>, <a href="https://twitter.com/search?q=%24RBN&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$RBN</a>, <a href="https://twitter.com/search?q=%24SNX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SNX</a>, <a href="https://twitter.com/search?q=%24wTAO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$wTAO</a>, <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LINK</a>, and <a href="https://twitter.com/search?q=%24PRIME&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PRIME</a>.<br><br>Let's dig into his trades.<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"><br>Address: <a href="https://t.co/7thZKgxwZ5" rel="noopener noreferrer nofollow">https://t.co/7thZKgxwZ5</a><a href="https://t.co/7S2BXTxmsn" rel="noopener noreferrer nofollow">https://t.co/7S2BXTxmsn</a> <a href="https://t.co/tpCB11rVsj" rel="noopener noreferrer nofollow">pic.twitter.com/tpCB11rVsj</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1731500930745675936?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 4, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>The shift in focus towards altcoins has been highlighted by on-chain analytics platform Lookonchain, which reported that ‘smart money’, or investors with substantial holdings, are exploring altcoin investments. A notable crypto whale, with a balance of about $10 million, has been actively participating in complex DeFi trades, utilizing platforms like AAVE. This investor has shown particular interest in altcoins such as Chainlink (LINK), Echelon Prime (PRIME), and Lido DAO (LDO).</p>
<p>The upcoming weeks are crucial for the altcoin market, especially for smaller-cap digital assets. Many of these smaller-cap altcoins, including Apecoin (APE), Celo (CELO), Baby Doge Coin (BABYDOGE), FLOKI Inu (FLOKI), and Chiliz (CHZ), have already established their bear market lows and are showing signs of a macro reversal pattern. These assets, known for their robust DeFi liquidity, are poised for potential breakouts.</p>
<h2 class="wp-block-heading" id="h-what-next-for-crypto-market">What Next For Crypto Market?</h2>
<p>Looking at the broader perspective, the crypto market is gearing up for a bull run, driven by increased interest and investments from institutional players. This is further evidenced by the rising number of applications for spot exchange-traded funds (ETFs) in the United States. Bitcoin, in particular, has made a remarkable comeback, surpassing the valuations of major tech companies like Facebook, Tesla, and Berkshire Hathaway, following a prolonged bear market.</p>
<p>This dynamic shift in the cryptocurrency landscape reflects both the growing maturity of the market and the increasing interest from diverse investor segments, setting the stage for an intriguing period in the crypto economy.</p>

Top Whales Are Buying These Altcoin Amid Crypto Market Rally

Table of Contents

CoinPedia News

Other articles published on Dec 5, 2023

Crypto Scams Are Never Going Away. Here is Why

Changes in STEP Calculation Logic

How Much Does Pay Differ Between a Job in Web3 and One in AI?

Analyst Draws Parallels Between Kaspa and Cardano, Forecasts KAS to Reach This Price at its Peak ...

THETA Price Prediction: Theta Price Climbs Back to Retest $1.190

Cardano’s Founder Criticizes Bitcoin and SEC Policies; Ripple Whales Eye Borroe Finance

Join our free newsletter for daily crypto updates!