2024

Arbitrum

The post <a href="https://coinpedia.org/price-analysis/crypto-whales-top-altcoin-picks-for-the-fourth-week-of-july-2024/" rel="noopener noreferrer nofollow">Crypto Whales’ Top Altcoin Picks For The Fourth Week of July 2024</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
While we watch the crypto market momentum shift to bullish, whales have been acquiring Arbitrum, XRP, and Ondo. There is a significant purchase volume that, if continued could make these cryptos strand ahead in the anticipated altcoin season.&nbsp;
<h2 class="wp-block-heading" id="h-whales-pick-arbitrum-despite-in-downturn-nbsp">Whales Pick Arbitrum Despite In Downturn&nbsp;</h2>
This comes as a shock that Arbitrum is on the list of Whales’ favorite coins. It could be the impact of Ethereum ETF, Arbitrum being the layer 2 blockchain of Ethereum.&nbsp;
At the time of writing ARB price is $0.7204 with 24hr growth of 3.18%. Although, this is just a fling, as the ARB performance to YTD is down nearly 58%.&nbsp;
The <a href="https://markets.coinpedia.org/arbitrum/" rel="noopener noreferrer nofollow">ARB</a> coins collective forecasts do not represent a good run, but whales have shown huge interest in this altcoin, The data from IntoTheBlock reveals an increase of 870% in the last 7 days in the large holders’ netflow.&nbsp;
This metric show range shows the difference between large holders’ inflow and outflow. A result in the positive range says that inflow is higher than outflow. This also means that investors are not selling the asset and accumulation has increased.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdnBHzrWq8QLqBnkRCn32HrzZ2HKCiNdjp4hn7Hi3lWCY8tE1yfKHDnBuDITSU-BlZZOGiaVfsFbN9KEjygqwfv5MP-rt9RFrvQko2y7GcGv6ab1D4EAwC5T_TuQIv9vQf01N12-3mEwaE15CYn_L-jHopn?key=JX3pgrgSGCKqjqSAyTnChQ" alt="">
</figure>
This comes as a surprise how Arbitrum at this condition comes on this radar, the ETH ETF must have been triggering the idea of investing in Ethereum blockchain-related projects.&nbsp;
<h2 class="wp-block-heading" id="h-ripple-is-challenging-all-the-odds">Ripple Is challenging all the odds</h2>
Ripple, XRP’s performance in the last few weeks has been impressive, the asset is up by 25.4% in the last 30 Days and 7% in the last 7 days.
A recent report by Santiment, reveals that the number of addresses holding XRP between 100 million and 1 billion tokens increased since 13 July, the price also reflected upward from the same day.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdQa7bK4S9s3fPU32MLI_I9rQHhqRd4KnPNPdiLReA_D-Z0uUEY-IxK5W6qsBTV_fCdT141HKOJ5FQhQ78XqV1S-412aNEoX7fbgET1Gd8oIO6OTSU3pHhpkunkld5Zj0eOw6XQX7Cl-zwsEf3dpuy8KMn2?key=JX3pgrgSGCKqjqSAyTnChQ" alt="">
</figure>
The increase in whales’ confidence has made <a href="https://markets.coinpedia.org/xrp/" rel="noopener noreferrer nofollow">XRP</a> outperform BTC and ETH in the recent session and the XRP price today was pushed back to $0.60 again.&nbsp;
If the acquisition continues, The SEC doesn’t dig any more hurdles and market conditions favor the asset will see new highs in the next sessions.&nbsp;
<h2 class="wp-block-heading" id="h-ondo-hits-1-as-whales-repeat-accumulation">ONDO hits $1 As Whales Repeat Accumulation</h2>
Nearly 2 months ago ONDO registered its All-time high at $1.42, but the trend was resisted to create lower lows to drop 32%. The whales seem to find this as an opportunity to buy the dip.&nbsp;
Over the past month, the asset has experienced increased institutional interactions and accumulation.&nbsp;
According to the data from IntoTheBlock, there was seen growth of 1468% in the large holders’ flow of ONDO in the last seven days.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXc9ttmzAgBYGAN8SYZvYiO_5yxtlBEzBgtZsqrLyMkbEDQb6NUEUi0eUHPD-akNg1_dWa54IbRtThAuhtcTjjVzR7aXmdaGOODqiLtlHcpR_VLHzaymckdkEkcn95EHLE4nXPz-UodRX4aB4uHbka0vGmlC?key=JX3pgrgSGCKqjqSAyTnChQ" alt="">
</figure>
It revealed that the addresses with holdings of 0.1% to 1% of total circulating have added more to their wallets.&nbsp;
If this activity is appreciated further, the ONDO price can be seen breaching its ultimate resistance at&nbsp; $1.42.&nbsp;

Crypto Whales’ Top Altcoin Picks For The Fourth Week of July 2024

Innholdsfortegnelse

CoinPedia News

Andre artikler publisert på 26. juli 2024

Trump-Themed MAGA Memecoin Rallies 12% Ahead Of Bitcoin Conference, Analytics Show 'Signs Of Anot...

Bitflyer to launch custodian crypto business after FTX Japan buyout

Must Buy Cat-Themed Meme Coins Amid Market Recovery

Litecoin (LTC) Outperforms Dogecoin (DOGE) in On-chain Activity

Coinbase fined $4.5m by UK regulator for high-risk customers

Ethereum (ETH) Crashes Dramatically, What's Next? Solana (SOL) Can Still Reach $200, XRP Struggli...

Bli med på vårt gratis nyhetsbrev for daglige kryptooppdateringer!