Prime

Notable

MN Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/smart-money-movements-in-altcoins-spark-investor-interest/" data-wpel-link="internal">Smart Money Movements in Altcoins Spark Investor Interest</a> 
Smart <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude">money</a>‘s movements in altcoins on January 3rd are whetting appetites. The latest smart money flow report witnessed dynamic movements with notable accumulations and exits. Analyzing the data provides valuable information for investors to make informed decisions in the constantly evolving crypto environment. 
<h2 style="text-align: justify" id="fluctuations-in-perp-perpetual-protocol-and-link-chainlink">Fluctuations in Perp (Perpetual Protocol) and LINK (Chainlink)</h2> 
Perp experienced a significant smart money inflow of $725,956 in the last 24 hours, parallel to an impressive 53% increase in token price. Similarly, <a href="https://en.coin-turk.com/why-chainlink-link-rally-might-be-different-this-time/" data-wpel-link="internal">LINK</a> attracted an inflow of $151,434 from three smart money investors, each with respective gain rates of 59%, 50%, and 63%. The accumulation in altcoin LINK is leading to speculation about potential buying opportunities at lower price levels following its recent decline. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-298016 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/akilli-para-kripto-cointurk.webp" alt="" width="1095" height="730"> 
Investor 0xd5b, with a 68% gain rate, displayed a strategic approach by accumulating $224,000 worth of RLB (Rollbit token), alongside significant investments in altcoins WINR and GMX. These transactions occurred after the recent market downturn, suggesting a potential “buy the dip” strategy. 
<h2 style="text-align: justify" id="inflows-into-mubi-prime-and-ach-tokens">Inflows into MUBI, Prime, and ACH Tokens</h2> 
The second-highest smart money inflow was observed in the token MUBI, with an inflow of $188,323. Additionally, Prime token and ACH recorded inflows of $139,852 and $125,196 respectively. These accumulations demonstrate positive sentiment and investor interest in these tokens. 
ARB experienced an outflow of $229,000 from three smart money investors, and a significant transaction of $223,000 from a single investor. Considering the token’s recent peak level, this outflow indicates that smart money has realized profits. Conversely, 1CAT faced a net inflow of $107,000, while two smart money investors exited, causing an outflow of $157,000. 
<h2 style="text-align: justify" id="resilience-in-imx-rbn-aave-and-enj">Resilience in IMX, RBN, AAVE, and ENJ</h2> 
Despite a 15% price drop, IMX registered an impressive inflow of $542,407. Other tokens such as RBN, AAVE, and ENJ also witnessed positive smart money inflows of $482,922, $390,013, and $323,766 respectively. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-298019 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/akilli-para-kriptopara-cointurk.png" alt="" width="668" height="520"> 
In summary, the smart money flow on January 3, 2023, shows dynamic movements with significant accumulations in Perp and LINK, indicating a positive sentiment in these tokens. Trader 0xd5b’s strategic accumulations after the market downturn raise intriguing questions about their approach. 
Notable exits from ARB and the sale of 1CAT add complexity to the crypto market dynamics. Investors are advised to be well-informed and closely monitor these trends for making well-informed decisions in the evolving market environment. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/smart-money-movements-in-altcoins-spark-investor-interest/" data-wpel-link="internal">Smart Money Movements in Altcoins Spark Investor Interest</a></h5>

Smart Money Movements in Altcoins Spark Investor Interest

Table of Contents

COINTURK NEWS

Other articles published on Jan 4, 2024

XRP Lawyer John Deaton Volunteers to Testify Before US Congress

Pump Or Dump? What Is The Next Top Altcoin For 2024?

Valkyrie and ARK 21Shares file Bitcoin ETF registration of securities with SEC

Shiba Inu: Boldest SHIB Price Prediction For 2024

Binance threatens to delist these privacy coins

Crypto market sees $500m+ liquidated in 4 hours

Join our free newsletter for daily crypto updates!