Altcoin
List of Top Four Altcoins Poised for a “Full Recovery”
Bitcoin has recovered much of its week-long losses, with crypto whales showing significant interest in four altcoins. Altcoin analyst Buzz took in his latest analysis and said that the recent activity of crypto whales accumulating these altcoins suggests a positive outlook for their future performance. Here is the list:
Coin 1: Arbitrum
Current price: $0.73
Arbitrum has caught the attention of crypto whales despite its 57.5% year-over-year decline. Large holder net flows to Arbitrum have jumped a staggering 87% over the past seven days, according to IntoTheBlock.
Why whales are concerned:
- Possibility of a price increase after a significant drop.
- Increased institutional interest and adoption.
Coin 2: XRP
Current price: $0.60
XRP has recently seen a surge in interest from large holders. According to Santiment, the number of addresses holding 100 million to 1 billion XRP tokens has increased since July 23. Supply has increased from 38% to 40%, demonstrating growing confidence among large investors.
Why whales are concerned:
- Positive market sentiment and potential for regulatory clarity.
- Significant increase in accumulation by large holders.
Coin 3: Wave
Current price: 1$
Although Ondo is down 33% from its all-time high, it has attracted significant attention from crypto whales who see the current price as a discount. Data from IntoTheBlock indicates high levels of institutional engagement and adoption in recent months.
Why whales are concerned:
- Perceived undervaluation and price recovery potential.
- Strong institutional interest and continued adoption.
Coin 4: Cardano
Current price: $0.42
Cardano has seen a dramatic 10,878% increase in large holder inflows in a single day, peaking at $5 billion. ADA is currently up 31% from its July 5 low of $0.31, indicating a strong uptrend.
Why whales are concerned:
- Significant price recovery potential.
- Large holders accumulate more ADA in anticipation of a full recovery.