Ondo

Cardano

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/whales-focus-on-select-altcoins" data-wpel-link="internal" rel="noopener noreferrer nofollow">Whales Focus on Select Altcoins</a><br></p>
<p style="text-align: justify">The cryptocurrency market has been on an upswing recently, drawing significant interest from large <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a>, often referred to as whales. According to an analysis by Altcoin Buzz, four specific altcoins have seen substantial accumulation by these major investors, signaling potential optimistic performance <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">in the near future</a>.</p>
<h2 id="why-are-whales-interested-in-arbitrum">Why Are Whales Interested in Arbitrum?</h2>
<p style="text-align: justify">Arbitrum, despite a sharp 57.5% decline in its value since the start of the year, has captivated large investors. Data from IntoTheBlock reveals an 87% rise in large investors’ ARB holdings over the past week. This uptick suggests that investors anticipate a rebound post the price drop. Additionally, the increased interest from institutions and overall adoption are key drivers behind this trend.</p>
<h2 id="what-drives-the-surge-in-ripple">What Drives the Surge in Ripple?</h2>
<p style="text-align: justify">Ripple (<a href="https://en.bitcoinhaber.net/ripple-withdraws-500-million-xrp-market-impact" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP</a>) has also seen a growing interest from big investors. Santiment data shows that since July 23, there has been an increase in wallet addresses holding between 100 million and 1 billion XRP. This surge reflects a heightened confidence in XRP among large investors and an overall positive market sentiment. Furthermore, the potential resolution of regulatory hurdles is a significant factor in attracting these investors.</p>
<h2 id="concrete-reasons-for-investment">Concrete Reasons for Investment</h2>
<p style="text-align: justify"><strong>Key Insights:</strong></p>
<ul>
 <li>Arbitrum’s 87% increase in whale holdings suggests a price rebound is expected.</li>
 <li>Ripple’s rising wallet addresses highlight growing confidence and positive sentiment.</li>
 <li>Institutional adoption and current low prices make Ondo an attractive investment.</li>
 <li>Cardano’s impressive 10,878% fund inflow increase indicates strong accumulation and price recovery expectations.</li>
</ul>
<h2 id="the-result">The Result</h2>
<p style="text-align: justify">Ondo remains an attractive option for large investors, despite its price being 33% below its peak. Data from IntoTheBlock indicates strong institutional interactions and adoption. Investors find Ondo’s current price appealing for potential future gains. Meanwhile, Cardano has experienced an extraordinary 10,878% increase in large investors’ fund inflows in a single day, with ADA surging 31% from $0.31 on July 5. This substantial price recovery points to significant accumulation by major investors, expecting a full-scale price rebound.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/whales-focus-on-select-altcoins" data-wpel-link="internal" rel="noopener noreferrer nofollow">Whales Focus on Select Altcoins</a></h5>

Whales Focus on Select Altcoins

Table of Contents

BH NEWS

Egyéb ezen a dátumon (2024. júl. 29.) megosztott cikkek

Bitcoin as US Reserve Asset: Trump’s Bold Vision Sparks Debate

Rho Markets Hit by $7.5M Hack, Attackers Demand Admission of Oracle Error for Fund Return

United States government holds $12B in Bitcoin — Arkham Intelligence

Internet Computer Price Prediction: ICP Soars 18% In A Month, But Analysts Say Consider This New ...

Bitcoin in ‘greed’ mode: Here’s what your next move should be

Bitwise Announces 10% Donation of Ethereum ETF Profits to Open-Source Developers

Join our free newsletter for daily crypto updates!