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3 Coins Crypto Whales Are Buying for Q4 of 2024
- Q4-2024 is a decisive time in crypto, and whales are making big moves with insider knowledge of where the market is headed.
- Dogecoin is the first on the list as whales are stacking up on Doge while it has hit its highest active $DOGE address in six months. Whales scooped up around 1.4 billion DOGE tokens this month alone worth about $140 million.
- Bitcoin is still the smart thing to do and newer whales are aggressively accumulating Bitcoin with over 50,000 BTC worth about $3.15 billion acquired in just ten days. Some believe Bitcoin could revisit its all-time high and get to the $100,000 mark.
- XRP whales are active in this quarter with large quantities of XRP being moved from exchanges to wallets. Over 470 million XRP tokens acquired by whales in the last ten days, and transaction volume hits an eight-month high of $2.39 billion in transaction volume.
- But XRP faced a setback when the SEC appealed its case against Ripple, which tanked XRP by over 10%. Looking ahead, XRP’s price will likely be influenced by ongoing accumulation from whales and how the Ripple case unfolds.
- The ongoing conflict between Israel and Iran has caused the crypto market to go down. Whales are playing the long game and making moves reflecting where they see future value.
- Dogecoin remains one to watch, with something big brewing, especially with the massive investments made by whales. The potential upside breakout is closer than ever.
- Bitcoin is down by 6% in the last week, partly due to the situation in the Middle East, but the whales aren’t budging and doubling down.
- XRP's price will likely be influenced by the ongoing accumulation from whales and how the Ripple case unfolds.
- Crypto whales prove to be the big players with deep pockets and insider knowledge of where the crypto market is headed.
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