Cody Buffinton, a seasoned cryptocurrency analyst and the host of Altcoin Buzz, has recently drawn attention to a significant shift in the cryptocurrency markets. Notably, various altcoins are gaining traction as crypto whales continue to accumulate.
So, which ones are the giants focusing on? Which would probably work out best for you? Let’s dive in.
Also Read: Altcoin Rally : Analyst Predicts Major Alt-Season in Q4 Reaching $1.4 Trillion Market Cap
Chainlink (LINK)
One altcoin that’s turning heads is Chainlink (LINK), and it’s no wonder why. In just one week, LINK has experienced an impressive price surge of 9.2%. What’s more remarkable is the substantial increase in demand, with a whopping 755,000 LINK tokens, equivalent to 5 million dollars, being snapped up in a relatively short period.
But what’s the appeal of Chainlink? This altcoin has a remarkable track record and offers a compelling value proposition as a decentralized Oracle network. Its primary function is to provide essential data for renowned projects like Aave, Synthetix, and DeFi aggregators such as Yearn Finance. Currently trading at $7.48, well below its all-time high of $52.88, many experts speculate that this presents a golden opportunity for potential gains.
Adding to the bullish sentiment, prominent on-chain analyst Ali Martinez has observed a surge in LINK holdings by investors, signaling a positive trend. Moreover, data from Santiment indicates growing interest in LINK from both large and small investors.
Read More: Chainlink Price Analysis: Expert Predicts Breakout Soon!
Curve DAO (CRV)
CRV has emerged as another favorite among investors. Recent data shows an impressive price surge of 12%, and a staggering 50 million CRV tokens, valued at $27 million, have changed hands.
A single whale made a substantial move by transferring a massive 19.56 million CRV tokens from Binance in just three days. This crypto heavyweight further demonstrated their confidence in CRV by staking their entire holding on Convex. Despite the challenging conditions of the bear market, CRV’s resilience and potential continue to shine brightly.
Arbitrum (ARB)
Even in the face of significant price volatility, Arbitrum remains a cryptocurrency with undeniable potential. Its recent integration with Chainlink has made it even more attractive. As evidence of this, a prominent whale recently acquired a substantial 2.28 million ARB tokens, equivalent to an investment of nearly $1.86 million.
Notably, the slight dip in ARB’s value didn’t deter investors, as it quickly rebounded, attracting a wave of buyers. ARB offers unique features tailored to the Ethereum ecosystem, promising a bright future. At the time of writing, ARB is displaying some cautiously bullish signals.
Let’s discuss: Which of these 3 altcoins has caught your attention?
