2024

Litecoin

Avalanche

Spike

The post <a href="https://coinpedia.org/price-analysis/top-altcoin-picks-by-whales-in-the-secong-week-of-august-2024/">Top Altcoin Picks By Whales In The Second Week Of August 2024&nbsp;</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Crypto whales loaded Litecoin, Polygon, and Avalanche in the second week of August, LTC reacted bullishly to it otherwise MATIC and AVAX remained down.&nbsp; 
Looking at the whale’s choices over the week wherein last week was for XRP, ONDO, and ADA, Coinpedia markets analysis plots market recovery signals. 
<h2 class="wp-block-heading" id="h-litecoin-ltc-nbsp">Litecoin (LTC)&nbsp;</h2> 
LTC in the second week experienced increased whale accumulations. A Spike was registered in Whale holders with more than 1% of the circulation supply.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcRbE2Pn7BS0SWVk2sCM5YEoeM-MkCfEUhtRtAzTO7F2aixwEdK30P6IrCcnz7I4VBdxaf9H6n-EnWsCya9xZ0Jtd_76Nk2I29JtufP4IjNX_mYxpraEOtJZjFdTJSSeZLsYpebpaD7Ak4Q5dp8JR6moFWW?key=HZHEWUBe_W2a2OptI_d8uQ" alt="">
</figure> 
The chart shows increasing whale buying activity, indicating confidence in the future growth of LTC.&nbsp; 
Also looking at the on-chain metric, the Concentration by large holders ( Whale with more than 1% and investors with 0.1% to 1% holding) stands at 48%. This is an impressive number for any asset to possess long-term growth, conversely, it is also a red point, in the bear market.&nbsp; 
Litecoin has moved 10.18% in the last 7 days and is trading at $67.34. If the whale accumulation continues, LTC is expected to grow more upward.&nbsp; 
<h2 class="wp-block-heading" id="h-polygon-matic">Polygon (MATIC)</h2> 
Polygon’s performance in 2024 and before is in a downtrend. As seen today, Staking for MATIC has dropped to 35% and the price is 26.5% down in a month.&nbsp; 
Despite the negative fundamentals and technicals, MATIC is in the bucket of crypto whales.&nbsp; 
As seen on Santiment, Polygon;s addresses of 100,000 to 1 million tokens increased, and the number of addresses holding between 10 million to 100 million.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeBhXdvRBFUVfFh4RNdYJvSV7tmEjrEcpo8z7fKdfcP2ST9OGPDYRXew72C6Rq3TbzQwlefDUivpgUNbWZgbx1pr09b3YNh-BpRStNY9T-ptHw0OZMLGuRkpEdlAoGITEnlrRDTWessfeVfNHswjUpLiJeX?key=HZHEWUBe_W2a2OptI_d8uQ" alt="">
</figure> 
This is anticipated that the whales are bullish over the upcoming migration of MATIC to POL which is scheduled to be on September 4 2024. 
At the time of writing MATIC is $0.404 with 1.25% in 1 day. Despite all this, the asset price stays unimpacted&nbsp; 
<h2 class="wp-block-heading" id="h-avalanche-avax">Avalanche (AVAX)</h2> 
AVAX enters the whale accumulation after a long-term, impressive 35% increase was seen in the AVAX’s Large Holders Netflow.&nbsp; 
But the price of AVAX in the last 7 days is down by 6.28%, this is possible due to the upcoming token unlock coming on 19th August. This will notably increase the circulating supply, impacting the price surge.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXecWZu6IOm3CKKvwPtshXNZzT9q8AHUmQwTewJBsMWiQCyJgs1N_P8hzu0LJGDjuDtKTbdIVLpkEPUUO6ZH3GGn0lzIK_Wp7jl41zgML71oMVb6s7K-eTXse7luKGtEBLyvsZpseyzm9cMqsDsn0xaxMlEG?key=HZHEWUBe_W2a2OptI_d8uQ" alt="">
</figure> 
AVAX needs more whale accumulations and a boost in social media sentiment to make a reversal into an upward trend.&nbsp;

Top Altcoin Picks By Whales In The Second Week Of August 2024

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