Crypto whales prepare for altcoin surge: CryptoQuant founder

CryptoQuant founder Ki Young Ju has highlighted a common trend among crypto inventors, suggesting that they are preparing for a possible rise in the price of altcoins. He pointed out that the current increase in limit buy orders from large investors is fueling this trend.

In a tweet on X (formerly known as Twitter), Ju gave an analysis focused on a key metric that looks at the difference between buy and sell orders for altcoins over the past year.

According to Ju, altcoins like Solana (SOL), Cosmos (ATOM), Polygon (MATIC), and Cardano (ADA) are likely to benefit the most from this growing interest. These cryptocurrencies have strong buying support and could see their prices rise as a result.

On the other hand, some tokens, such as XRP, Chainlink (LINK), and Binance Coin (BNB), are not seeing the same level of buying interest, meaning they may not see as much growth in the future.

List of altcoins that tend to benefit from the upcoming rally | Image source: Ki-Young-Ju

To support this analysis, crypto analyst Jamie Coutts cited the Top 200 Equal Weight Index, which measures the performance of the top 200 altcoins relative to Bitcoin. A recent drop in this index could mean that the altcoin market is at a low point, perhaps paving the way for a recovery.

Additionally, popular crypto trader “Mags” noted that the altcoin market is currently in a reaccumulation phase. Mags mentioned that altcoins have only increased by about 58% on average since breaking out of a long period of stable prices, suggesting that a slight pullback could now lead to further gains.

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