Render

DeepBrain Chain

Tellor

Fetch.ai

<p>The post <a href="https://coinpedia.org/news/major-crypto-whales-are-stacking-these-altcoins/">Major Crypto Whales Are Stacking These Altcoins</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>According to analysis from Altcoin Buzz, several altcoins, including XRP, Tellor (TRB), Render, Singular and <a href="https://coinpedia.org/price-analysis/here-is-whats-next-for-agix-fet-rndr-prices-has-ai-boom-restored/" target="_blank" rel="noreferrer noopener">Fetch.ai </a>(FET) have recently witnessed substantial whale accumulation, hinting at potential bullish trends ahead.&nbsp;</p> 
<p>XRP, Ripple’s native cryptocurrency, has seen a surge in accumulation by whale addresses in the past week. Addresses holding between 1 million and 10 million <a href="https://markets.coinpedia.org/xrp/" target="_blank" rel="noreferrer noopener">XRP</a> have collectively purchased over 90 million tokens, amounting to approximately $48 million. This accumulation by whales has historically influenced price action, often preceding market recoveries and rallies.&nbsp;</p> 
<p>Retail investors also show increasing participation, with the number of addresses conducting transactions on the network rising by 28.8% in the past week. This growing optimism among investors could catalyze further price growth, with XRP currently trading at 54 cents and showing signs of potential upward movement.</p> 
<h2 class="wp-block-heading" id="h-whale-movements-signal-bullish-trends-for-xrp-and-trb"><strong>Whale Movements Signal Bullish Trends for XRP and TRB</strong></h2> 
<p>Meanwhile, Tellor (TRB), a decentralized Oracle Network, has seen its market cap nearly double in early May, reaching an impressive $247 million by May 7th. Analysis indicates a notable increase in whale activity surrounding TRB, with a spike in whale transactions and active addresses observed on May 6th.</p> 
<p> Despite the potential for profit-taking amidst this growth, crypto analysts remain optimistic about TRB’s price trajectory. Technical patterns suggest a bullish continuation for TRB, with the formation of higher lows in price action indicating a potential surge of over 35% back to over $261.</p> 
<h2 class="wp-block-heading" id="h-ai-innovations-propel-altcoin-gains"><strong>AI Innovations Propel Altcoin Gains</strong></h2> 
<p>Other altcoins, such as Render and Singular, have also experienced notable rallies in recent days. Render has surged more than 50% in seven days, while Singular and other AI-related coins like Fetch.ai (FET) and DeepBrain Chain (DBC) have gained between 17% and 23%, outperforming the broader crypto market.&nbsp;</p> 
<p>The correlation between developments in the AI sector and crypto market dynamics suggests growing investor enthusiasm surrounding Nvidia’s performance, with the chipmaker set to report first-quarter earnings on May 22nd.</p> 
<p>Also Check Out : <a href="https://coinpedia.org/price-analysis/altcoins-show-strength-while-bitcoin-stuck-within-a-range-wld-near-rndr-price-close-to-triggering-a-fresh-upswing/">Altcoins Show Strength While Bitcoin Stuck Within A Range: WLD, NEAR &amp; RNDR Price Close to Triggering a Fresh Upswing</a></p> 
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Major Crypto Whales Are Stacking These Altcoins

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