The crypto market began to move in the second week of February. The global crypto market value increases by 2 %in the last seven days, giving recovery signals. In this process, some Altcoins attracted the attention of major investors and experienced significant increase in transaction volumes. Here are three popular Altcoin entering the radar of crypto whales.
The first crypto currency on the list: TRON (TRX)
Layer-1 Coin TRX became one of the Altcoins that entered the radar of crypto whales this week. According to Intothheblock data, the net flow of major investors increased by 160 %in the last seven days. This increase shows that TRX whales rapidly increase the amount of coins in their hands.
TRX large owners include addresses with more than 0.1 %of the total circulatory supply. The increase in the net flow of these addresses shows that large investors tend to purchase and this creates a positive signal in the market. If this trend persists, the TRX price may exceed $ 0.23 and increase to $ 0.27.
Ethereum (ETH)
ETH stands out this week as another Altcoin preferred by crypto whales. The Great ETH whales have purchased a total of 250,000 ETH in the last seven days. The value of this purchase is over $ 675 million. The total amount of ETH in these whales has reached the highest level since January 23rd.
If the continuous purchase trend continues, ETH price can break the existing range. If this happens, it seems possible that the price of ETH in the short term will exceed $ 3,000. This movement can create a strong upward pressure on the market.
LAST CRIP MONEY ON THE LIST: (Cake)
Cake drew attention by doubleing its value in the last seven days. The daily transaction volume also increases rapidly and shows that the demand is high. Cake whales have purchased 6 million token during the week. These whales consist of addresses that contain between 10 million and 100 million token in their wallets.
If this accumulation tendency continues, Cake’s price can be expected to exceed $ 3. This strong demand can contribute to the further rise of Cake in the market. However, it is important that investors are careful about possible price fluctuations. The movements of large investors in the crypto market are generally among the important signals that determine the direction of the market. For this reason, investors can follow these movements closely.
