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Following the Whales: 3 popular coins among large wallet investors

There are many strategies that anyone can follow in their effort to invest in crypto. But one approach that often seems to work is following big money. When large wallet investors are loading up a certain asset, then you should as well. Here is why:

  • Whales don’t often engage in speculative short-term trading.

  • Large wallets also buy assets that have very good long-term value.

  • Whales may also know something that you don’t about a given asset.

For folks who are serious about following whale money, the following top 3 coins should be a great place to start:

Ethereum (ETH)

Ethereum (ETH) is the second-largest cryptocurrency, and it’s no wonder a lot of large wallets will be interested in it. In fact, during the last few weeks, when ETH dipped significantly, we saw more and more whales buying it. 

Data Source: Tradingview 

The reason for this is actually very simple. Ethereum has staying power. It is an asset that will be here with us for a very long time. There have also been several new developments with the Ethereum 2.0 project. This could bring more value to the Ethereum ecosystem in the long run.

Dogecoin (DOGE)

Meme coins are also quite popular with whales. But unlike new coins that are still struggling for legitimacy, DogeCoin (DOGE) has been here for years. It has had its highs and lows, of course. But despite that, DOGE has grown to become one of the most important crypto assets. It’s therefore not surprising to see a lot of whale accumulation here.

Binance Coin (BNB)

Binance Coin (BNB) is the main crypto for the Binance exchange, one of the biggest crypto trading platforms in the world. Like the two coins we have listed above, BNB has a lot of legitimacy and staying power. This is because it is linked with a serious and strategic business within crypto.

The post Following the Whales: 3 popular coins among large wallet investors appeared first on Coin Journal.

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Why Bitcoin Cash could test $500 soon

  • Bitcoin Cash rallies after news that a country was about to make it legal tender. 

  • Bitcoin Cash is now up by over 30% in the week, and momentum is rising.

  • Now that it is making higher lows, Bitcoin Cash could test higher prices soon. 

While most cryptocurrencies have been on an uptrend in the last 24-hours, Bitcoin Cash BCH/USD is one of those outperforming the market. Bitcoin cash price action has a lot to do with the news that it was being made legal tender by Sint Maarten, a country part of the broader Kingdom of the Netherlands. This is a big deal, as it adds to BCH adoption numbers growing quite steadily over the past year.

It is also a factor that could reignite interest in Bitcoin Cash. BCH is among a group of big cryptos that were hot in 2017 but seem to have fallen out of investor favor. This is evident in its 2021 price action, where it failed to retest its all-time highs and has been lagging the market.

With its latest news, new investors focused on newer, shinier cryptos could start taking an interest in BCH and trigger a rally that could see it make new highs. 

Bitcoin Cash is currently up by 12.81%, and in the past week, it has gained by over 31.18%. Volumes are high, and with upside momentum on the rise in the broader market, BCH’s prospects look pretty good. 

Bitcoin Cash making higher lows 

Source: TradingView

In the last 24-hours, Bitcoin Cash has been making higher lows. This means buying volumes are on the rise, and if this continues in the short term, BCH could test $500 in the short term. 

Summary 

Bitcoin Cash has shot up in the past 24-hours following news that it was about to become a country’s legal tender. This is a vote of confidence and could reignite interest in Bitcoin Cash as the market starts turning bullish again.

The post Why Bitcoin Cash could test $500 soon appeared first on Coin Journal.

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Bitcoin derivatives suggest high volatility lies ahead, Glassnode says

  • Bitcoin has traded in a narrow range in the $37k-$42k region to suggest higher volatility lies on the horizon.
  • BTC price is up 3.8% in the past 24 hours, currently around $42,625 per coin.

Bitcoin is likely to see increased volatility in the near term, analytics platform Glassnode said in its March 21 issue of “The Week On-chain” newsletter to investors.

According to the platform, the futures and options markets suggest higher inbound volatility, with the outlook putting it around the ‘horizon’. This is the case even as on-chain activity points to a bear stranglehold of the market that still pins upside sentiment across the crypto space.

BTC price recovery

Glassnode points to Bitcoin’s recent recovery as having come amid low volatility and widespread consolidation. Indeed, the BTC price traded towards $37,000 last week before recovering to the key resistance area around $42,300.

Monday saw the flagship cryptocurrency retrace from the weekend highs amid fresh sell-off pressure, tracking US equities following inflation comments from Federal Reserve Chair Jerome Powell.

In Tuesday deals, Bitcoin broke higher once again to touch highs around $43,080. However, it’s retreated to currently trade around $42,625 to see it remain within the key narrow range.

Chart showing recent range low and range high for BTC. Source: Glassnode.

Derivatives point to volatility on the horizon

According to Glassnode, Bitcoin’s continued movement within the narrow range has come amid a period of low volatility. The scenario implies higher odds of a buildup of fresh volatility, the firm noted.

After pricing in short term implied volatility around the Fed rate hikes, futures and options markets now suggest higher implied volatility.

“Options implied volatility is coming off relatively low levels between 60% and 80%, which have historically been followed by periods of extremely high volatility. Such high volatility events in 2021 include the May sell-off, the short-squeeze in July, and the October rally to ATHs,” the firm noted.

Note that traders usually look to implied volatility as a prediction of just how risky a trade is likely to be based on the potential for the market to move in either direction.

The post Bitcoin derivatives suggest high volatility lies ahead, Glassnode says appeared first on Coin Journal.

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Top-Solana-Ökosystem-Token zum Kauf: LINK, WAVES, GRT und AUDIO

  • LINK, WAVES, GRT und AUDIO sind alle Teil des Token-Ökosystems von Solana.

  • Diese werden aufgrund ihres historischen Wachstums und ihres Potenzials für zukünftiges Wachstum ausgewählt.

  • Alle diese Token können bis Ende März 2022 an Wert gewinnen.

Chainlink (LINK), Waves (WAVES), The Graph (GRT) und Audius (AUDIO) sind alle Token, die Teil des Solana-Ökosystems sind.

Wenn Sie neugierig sind, welche Token Sie kaufen sollen, und tiefer in das Solana-Ökosystem eintauchen möchten, sind dies Ihre Optionen.

Sollten Sie Chainlink (LINK) kaufen?

Am 22. März 2022 hatte Chainlink (LINK) einen Wert von 15,73 USD.

Wenn wir über den Allzeithöchstwert des Tokens hinausgehen, hatte Chainlink (LINK) seinen höchsten Wert am 10. Mai 2021, als es einen Wert von 52,70 USD erreichte.

Während wir uns der Performance des Tokens im Vormonat zuwenden, hatte Chainlink (LINK) am 8. Februar seinen höchsten Wert, als es 19,33 USD erreichte.

Sein niedrigster Wert war am 24. Februar, als der Token auf 11,7 USD fiel. Hier sehen wir einen Rückgang um 7,63 USD oder um 39 %. Allerdings stieg der Wert von LINK vom 24. Februar bis zum 22. März um 4,03 USD oder um 34 %.

Dies deutet darauf hin, dass LINK bis Ende des Monats einen Wert von 20 USD erreichen kann.

Sollten Sie Waves (WAVES) kaufen?

Am 22. März 2022 hatte Waves (WAVES) einen Wert von 32,89 USD.

In Bezug auf den ATH-Punkt für diesen speziellen Token erreichte Waves (WAVES) seinen ATH-Wert am 4. Mai 2021, als er einen Wert von 43,01 USD verzeichnete.

Wenn wir den Februar als Bezugspunkt für den Wert betrachten, hatte Waves (WAVES) seinen Tiefststand am 3. Februar bei 8,32 USD, während sein Höchststand am 28. Februar bei 14,88 USD lag.

Dementsprechend ist der Wert des WAVES-Tokens um 6,56 USD oder um 79 % gestiegen.

Dieses Wachstum ging jedoch noch weiter, da WAVES vom 28. Februar bis zum 22. März um 18,01 ZSD oder um 121 % zulegte. Unter Berücksichtigung all dessen kann WAVES bis Ende März 2022 40 USD erreichen.

Sollten Sie The Graph (GRT) kaufen?

Am 22. März 2022 hatte The Graph (GRT) einen Wert von 0,4181 USD.

The Graph (GRT) erreichte sein Allzeithoch am 12. Februar 2021 bei 2,84 USD.

In Bezug auf die Performance im Februar war The Graph (GRT) am 8. Februar 0,5196 USD wert, was seinen höchsten Stand darstellte, während sein Tiefststand am 24. Februar bei 0,3092 USD lag. Das bedeutet, dass der Token um 0,2104 USD oder um 40 % gesunken ist.

Vom 24. Februar bis zum 22. März stieg der Wert von BRT jedoch um 0,1089 USD oder um 35 %.

Basierend auf all diesen Daten kann GRT bis Ende März 2022 0,6 USD erreichen.

Sollten Sie Audius (AUDIO) kaufen?

Am 22. März 2022 hatte Audius (AUDIO) einen Wert von 1,02 USD.

Wir beginnen mit einem Blick auf den Allzeithochwert des Audius (AUDIO)-Tokens, der am 27. März 2021 lag. Zu diesem Zeitpunkt erreichte der Token einen Wert von 4,95 USD.

Betrachtet man die Performance des Audius (AUDIO)-Tokens, der im Laufe des Vormonats gezeigt wurde, so hatte er am 11. Februar seinen höchsten Wert bei 1,27 USD, während sein niedrigster Wert am 24. Februar lag, als er auf 0,68 USD fiel. Dies gibt uns einen Hinweis darauf, dass der AUDIO-Token um 0,59 USD oder um 46 % an Wert verloren hat.

Vom 24. Februar bis zum 22. März stieg der Wert des Tokens jedoch um 0,34 USD oder um 50 %.

Wenn wir diese Daten und Analysen berücksichtigen, können wir sehen, dass AUDIO bis Ende März 2022 1,5 USD erreichen kann, was es zu einem soliden Kaufobjekt macht.

The post Top-Solana-Ökosystem-Token zum Kauf: LINK, WAVES, GRT und AUDIO appeared first on BitcoinMag.de.