It can be seen from an analysis platform called Whale Stats that DOGE whales, who are investors with a lot of Dogecoin (DOGE) in their hands, invest in which other coins. According to Whale Stats, there are 10 altcoins on the radar of DOGE whales. Here are the details…
What do dogecoin whales have in their wallet?
When looking at the wallets of the top 100 Dogecoin investors on Binance Smart Chain (BSC), Ethereum (ETH) and BTCB are the first ones. As Kriptokoin.com , BTCB is Bitcoin on the BSC network. The average ETH balance is 849, while the average BTCB balance is 49. Other top-held altcoins include mostly stablecoins. Stablecoins are any asset-backed cryptocurrencies. You can see the full list of altcoins in the wallet below:
- Ethereum (ETH)
- Bitcoin (BTC
- True USD (TUSD)
- Tether (USDT)
- Avalanche (AVAX)
- Dai (DAI)
- Radio Shack (RADIO)
- FDOGcoin (FDOG) )
- Tron (TRX)
- Kdog (KDOG)
Latest developments in DOGE market ( As reported by
Kriptokoin.com , Dogecoin (DOGE) prices skyrocketed late last month amid optimism over Elon Musk’s $44B Twitter purchase. It had hinted at a possible integration of the token to Twitter, but DOGE lost momentum for this uptrend, primarily because Bitcoin did not lose ground in traditional stocks. and this situation affected all altcoins. Dogecoin and other cryptocurrencies should theoretically trade independently of mainstream financial markets, but they have proven to be associated with other risk-sensitive assets such as stocks, particularly technology stocks.
At the time of writing, it’s changing hands at $0.07, up 0.2 percent. The value of DOGE, which is in the eleventh place with a market value of 10.3 billion dollars, has decreased by 10 percent in the last 7 days. It lost 5.7 percent in 14 days and 43 percent in 30 days. The coin is almost 90 percent below its all-time high of $0.73, which it saw on May 8, 2021.
