Altcoins
Crypto Whales Stack These Altcoins for Maximum Profit in May
After the recent Bitcoin halved in April, the crypto market braced itself for potential gains. But the price of Bitcoin has remained relatively calm.
So what are the big investors, or “whales,” doing? They are turning to altcoins, looking for new opportunities. Experts believe that these altcoins present golden opportunities for potential gains.
So which ones are the giants focusing on? Which would probably suit you best? Let’s go.
Top 3 Whale Choices to Buy
Cardano (ADA)
Since November 2023, Cardano has been be witness constant accumulation by whales. This trend has intensified recently, with a notable increase in transactions exceeding $100,000. While this accumulation is not a direct point of price movement for ADA, it signals growing interest from large investors. Given the whales’ considerable influence on daily trading volume, their continued accumulation of ADA could potentially support or even increase its price in the future.
Toncoin (TON)
Toncoin’s rise to crypto’s top ranks began with speculation about Telegram’s upcoming IPO. This attracted the attention of large investors, leading to a flurry of high-value deals. Despite a slight decline from its peak, Toncoin continues to gain value, making it attractive to profit-seeking investors. The continued interest from large investors shows their confidence in TON’s growth potential.
Arbitration (ARB)
Despite price corrections for almost two months, Arbitrum has stayed a target for whale stocking. With expectations of a post-halving rally dwindling and a looming token unlock event on May 16, whales could look to capitalize on potential profits. The continued accumulation of ARB by whales suggests a strategic decision to prevent a significant decline in prices, particularly given the impending increase in circulating supply. This accumulation could cushion the ARB price decline below $1.00.
In a world of changing market conditions, large crypto investors are showing adaptability by shifting their focus from Bitcoin to altcoins. Their interest in Cardano, Toncoin and Arbitrum reflects confidence in these assets, despite market ups and downs.
Do you agree with the whales’ choices? Which altcoins are you watching?
Also discover: Altcoin season ahead? As Ethereum-based tokens take over?