{"id":30836,"date":"2023-10-11T18:52:56","date_gmt":"2023-10-11T22:52:56","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=30836"},"modified":"2023-10-11T18:52:56","modified_gmt":"2023-10-11T22:52:56","slug":"crypto-whales-big-bet-an-examination-of-their-3-new-altcoin-targets","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/10\/11\/crypto-whales-big-bet-an-examination-of-their-3-new-altcoin-targets\/","title":{"rendered":"Crypto Whales\u2019 Big Bet: An Examination Of Their 3 New Altcoin Targets"},"content":{"rendered":"

Savvy crypto investors\u2014often dubbed \u201ccrypto whales\u201d due to their sizable holdings, which can influence market trends have recently been setting their sights<\/a> on a select group of altcoins, potentially aiming to capitalize on their prospective gains.<\/p>\n

Recent developments, such as the US Federal Reserve\u2019s (Fed) hint at pausing rate hikes and speculations around the approval of more futures exchange-traded funds (ETFs)<\/a> in the U.S., are suspected to be the catalysts steering crypto whale interests, according to Marti, a recognized voice from the Altcoin Buzz YouTube channel.<\/p>\n

Notably, Macroeconomic events have always played a critical role in shaping the dynamics of the financial markets. Cryptocurrencies, while unique in their operations, are no exception to this influence.<\/p>\n

LINK: Chainlink\u2019s Surge Attracts Big Crypto Players<\/h2>\n

Chainlink\u2019s native coin, LINK<\/a>, is turning heads and emerging as a prime focus for these heavyweight investors. Marti identifies LINK as one of September\u2019s top performers among leading cryptocurrencies, registering roughly 30% growth. <\/p>\n

Marti says this gain can be attributed to several developments, including Chainlink\u2019s tokenization collaboration with SWIFT<\/a>, the international payment rail, and a growing interest in the real-world assets sector.<\/p>\n

Whale activities around LINK have also been quite noteworthy. On-chain data by IntoTheBlock reveals a jump from 30 whale transactions on September 17 to 218 by October 2. A notable transaction involved a purchase of 424,443 LINK tokens, a transaction value of about $3.25 million.<\/p>\n

This whale spent $3.25M to buy 424,443 $LINK<\/a> again at a price of $7.67 an hour ago.<\/p>\n

Which caused the price of $LINK<\/a> to increase again.https:\/\/t.co\/pRCcK2tQAa<\/a> pic.twitter.com\/VHe2CTrBTi<\/a><\/p>\n

\u2014 Lookonchain (@lookonchain) October 8, 2023<\/a><\/p>\n

Diving Deeper: The Rise Of MKR And BCH<\/h2>\n

Maker (MKR)<\/a>, another altcoin, has experienced a significant uptick in large-scale transactions, coinciding with the Fed\u2019s rate halt announcement in September. Marti sheds light on the surge in whale activities around MKR<\/a>, highlighting that significant transactions leaped from nine on September 19 to a 6-month high of 102 by October 2.<\/p>\n

Bitcoin Cash (BCH)<\/a>, a staple in the crypto realm, hasn\u2019t been left out of the whale frenzy either. Marti parallels BCH\u2019s current scenario and its June 2023 bull rally, which propelled BCH to a yearly zenith of $329. <\/p>\n

Recent on-chain data underscores this enthusiasm, showing whales\u2019 noticeable accumulation in BCH holdings. From September 21 to October 4, there was a notable increment in their total balances, suggesting an acquisition of an additional 150,000 BCH<\/a>.<\/p>\n

Furthermore,\u00a0while LINK, MKR, and BCH have seen positive price trends over the past month\u2014mirroring the whale accumulation metrics\u2014each has also faced its share of downturns.<\/p>\n

Notably, LINK and MKR emerged as the top performers among the trio, registering monthly gains of 24.8% and 27.3%, respectively. In comparison, BCH posted a modest rise of 16.2%.<\/p>\n

Yet, it\u2019s worth noting that over the past week, all three altcoins have experienced declines: LINK decreased by 4.4%, MKR by 2.2%, and BCH by 6.2%.<\/p>\n

Featured image from Unsplash, Chart from TradingView<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Savvy crypto investors\u2014often dubbed \u201ccrypto whales\u201d due to their sizable holdings, which can influence market trends have recently been setting their sights<\/a> on a select group of altcoins, potentially aiming to capitalize on their prospective gains.<\/p>\n

Recent developments, such as the US Federal Reserve\u2019s (Fed) hint at pausing rate hikes and speculations around the approval of more futures exchange-traded funds (ETFs)<\/a> in the U.S., are suspected to be the catalysts steering crypto whale interests, according to Marti, a recognized voice from the Altcoin Buzz YouTube channel.<\/p>\n

Notably, Macroeconomic events have always played a critical role in shaping the dynamics of the financial markets. Cryptocurrencies, while unique in their operations, are no exception to this influence.<\/p>\n

LINK: Chainlink\u2019s Surge Attracts Big Crypto Players<\/h2>\n

Chainlink\u2019s native coin, LINK<\/a>, is turning heads and emerging as a prime focus for these heavyweight investors. Marti identifies LINK as one of September\u2019s top performers among leading cryptocurrencies, registering roughly 30% growth. <\/p>\n

Marti says this gain can be attributed to several developments, including Chainlink\u2019s tokenization collaboration with SWIFT<\/a>, the international payment rail, and a growing interest in the real-world assets sector.<\/p>\n

Whale activities around LINK have also been quite noteworthy. On-chain data by IntoTheBlock reveals a jump from 30 whale transactions on September 17 to 218 by October 2. A notable transaction involved a purchase of 424,443 LINK tokens, a transaction value of about $3.25 million.<\/p>\n

This whale spent $3.25M to buy 424,443 $LINK<\/a> again at a price of $7.67 an hour ago.<\/p>\n

Which caused the price of $LINK<\/a> to increase again.https:\/\/t.co\/pRCcK2tQAa<\/a> pic.twitter.com\/VHe2CTrBTi<\/a><\/p>\n

\u2014 Lookonchain (@lookonchain) October 8, 2023<\/a><\/p>\n

Diving Deeper: The Rise Of MKR And BCH<\/h2>\n

Maker (MKR)<\/a>, another altcoin, has experienced a significant uptick in large-scale transactions, coinciding with the Fed\u2019s rate halt announcement in September. Marti sheds light on the surge in whale activities around MKR<\/a>, highlighting that significant transactions leaped from nine on September 19 to a 6-month high of 102 by October 2.<\/p>\n

Bitcoin Cash (BCH)<\/a>, a staple in the crypto realm, hasn\u2019t been left out of the whale frenzy either. Marti parallels BCH\u2019s current scenario and its June 2023 bull rally, which propelled BCH to a yearly zenith of $329. <\/p>\n

Recent on-chain data underscores this enthusiasm, showing whales\u2019 noticeable accumulation in BCH holdings. From September 21 to October 4, there was a notable increment in their total balances, suggesting an acquisition of an additional 150,000 BCH<\/a>.<\/p>\n

Furthermore,\u00a0while LINK, MKR, and BCH have seen positive price trends over the past month\u2014mirroring the whale accumulation metrics\u2014each has also faced its share of downturns.<\/p>\n

Notably, LINK and MKR emerged as the top performers among the trio, registering monthly gains of 24.8% and 27.3%, respectively. In comparison, BCH posted a modest rise of 16.2%.<\/p>\n

Yet, it\u2019s worth noting that over the past week, all three altcoins have experienced declines: LINK decreased by 4.4%, MKR by 2.2%, and BCH by 6.2%.<\/p>\n

Featured image from Unsplash, Chart from TradingView<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-30836","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/30836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=30836"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/30836\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=30836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=30836"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=30836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}