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News Junction > Blog > Cryptocurrency > Crypto Whales keeping an eye on these 3 coins
Crypto Whales keeping an eye on these 3 coins
Cryptocurrency

Crypto Whales keeping an eye on these 3 coins

Published January 29, 2024
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10 Min Read
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Contents
Ride The Wave Of Innovation With ScapesManiaAptos (APT): Navigating the Token Unlock WatersOptimism (OP): Layer 2’s Rising ContenderDai (DAI): The Stablecoin’s Steady CourseConclusion

The current crypto market is experiencing a notable shift as crypto whales, or entities with significant token holdings, are actively purchasing Bitcoin (BTC) at lower prices. Amid the crypto market’s fluctuations, savvy investors are seizing the opportunity to snap up Bitcoin at a discount, capitalizing on its recent dip below $40,000 following regulatory changes in the U.S. spot ETFs on January 11, according to CoinDesk data. Crypto heavy-hitters are really zeroing in on Bitfinex, a major player among the world’s top exchanges by how much trading they see. Over the past weekend, Bitcoin traded at a premium of $100 on Bitfinex compared to the global average price, indicating a strong interest from these large-scale buyers.

This buying spree is characterized by the use of TWAP (trade-weighted average price), an algorithmic strategy that helps in executing large orders over time to minimize slippage. The premium on Bitfinex remained high, around $70, which is significantly more than other exchanges like Coinbase and BNB. The demand for Bitcoin is also reflected in the increasing number of open BTC/USD longs, or bullish leveraged bets, which have surged nearly 8% to over 73,000 contracts in one week. Amidst this market movement, cryptocurrencies such as Aptos (APT), Optimism (OP), and Dai (DAI) are also gaining attention from crypto whales, indicating a broader interest in these specific coins.

Ride The Wave Of Innovation With ScapesMania

As the ScapesMania presale nears its completion in February, the team is working hard to secure a quick listing on popular exchange platforms. There is a good probability that the token’s value will increase exponentially after the listing.

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The team behind ScapesMania, with years of expertise, has crafted a robust post-listing marketing strategy. Buyback, burn, staking, and all the perks for holders keep attracting new adopters. Through DAO governance, backers will be able to influence and benefit from a multi-billion-dollar industry.

Moreover, the token’s utility is impressive. It’s not another meme coin whose success relies heavily on trends and hype. ScapesMania (MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem. 

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As the presale is wrapping up, you need to act fast and grab your discounted tokens now! The countdown is on – don’t let this chance pass you by.

Presale is Live Now – Join Now for a Chance to Benefit with MANIA

ScapesMania, a player in the $376 billion gaming industry, leverages the market’s growth potential. Post-exchange debut, holders can anticipate greater liquidity and easier trading.

The community’s excitement about the project is evident so far, with $4,800,000+ raised to date from crowd/retail contributions alone. The follower count has reached 60K+ and showcases a weekly growth of 12%.

The growing interest from crypto whales with checks of $20,000+ might expedite ScapesMania’s transition from niche to mainstream.

ScapesMania’s smart contract has received approval from prominent security-ranking firms, ensuring peace of mind for holders. Additionally, the award-winning team behind ScapesMania secured a prestigious grant from a prominent player in the blockchain industry.

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Furthermore, ScapesMania is notable for putting its community front and center. Driving customer engagement and making sure that everyone benefits through great tokenomics and generous rewards is where ScapesManias stands out.

Make sure you don’t pass up the opportunity to get the early bird discount as the presale nears its end. Be quick if you want to get your hands on those lucrative tokens before they’re all gone.

Presale Ending Soon — Secure a Discount Now!

Aptos (APT): Navigating the Token Unlock Waters

Aptos (APT) is currently experiencing a significant phase in its market journey. Aptos (APT) is about to release a hefty 24 million tokens into circulation, shaking up the market as this batch represents over eight percent of what’s currently out there. The release of these 24 million tokens, over 8% of the total in play, marks a pivotal moment that could seriously stir up market activity. The token spread really reflects a team effort, with core team members, investors, the wider community, and the foundation itself all getting a piece of the pie.

Aptos (APT) has been trading within a range of $7.21 to $11.27. Its price has been on a rollercoaster, swinging back and forth as it feels the pulse of the ever-shifting crypto market. The 10-day and 100-day Moving Averages stand at $8.67 and $7.95, respectively, indicating a fluctuating yet somewhat stable trend in the short to medium term.

The upcoming token unlock for Aptos (APT) presents both opportunities and challenges. On one hand, the increased supply could lead to price adjustments due to market reactions. On the flip side, handing out these tokens to different players might spark more participation and drive growth across the Aptos (APT) network. The market will closely watch how these new tokens impact the overall liquidity and value of Aptos (APT).

Optimism (OP): Layer 2’s Rising Contender

Optimism (OP) is a Layer 2 network that has been gaining attention in the cryptocurrency market. Optimism (OP) steps up to tackle Ethereum’s sluggish speeds and steep costs, aiming to give users a smoother, more affordable ride.

Currently, Optimism (OP) is trading between $2.61 and $3.01. The 10-day and 100-day Moving Averages are $2.81 and $2.75, respectively. This indicates a relatively stable price movement in the recent period. The support levels are at $2 and $2.4, with resistance levels at $3.21 and $3.62.

The future of Optimism (OP) relies on boosting Ethereum’s efficiency. As Optimism (OP) grows, using and needing the tokens may rise. That could raise their value. But the real test for Optimism (OP) is keeping things smooth and earning people’s trust, especially when there are so many other Layer 2 options out there.

Dai (DAI): The Stablecoin’s Steady Course

Dai (DAI) is a stablecoin that operates on the Ethereum blockchain. Dai (DAI) sits at the heart of MakerDAO, a self-governed community that lets people lend and borrow digital money without middlemen.

Dai (DAI) maintains its peg to the US dollar, with its price range currently between $0.994 and $1.005. The stability of Dai (DAI) is reflected in its 10-day and 100-day Moving Averages, both at $0.999. The support levels are at $0.976 and $0.988, with resistance levels at $1.010 and $1.022.

As a stablecoin, Dai’s (DAI) future largely depends on the stability and trust in the MakerDAO protocol. The challenge for Dai (DAI) lies in maintaining its peg to the dollar amidst market fluctuations and regulatory changes. Dai (DAI) future hinges on MakerDAO staying solid and safe, along with more people getting comfy with using stablecoins like it’s the norm in crypto.

Conclusion

The cryptocurrency market is currently witnessing a significant shift, with crypto whales showing a heightened interest in Bitcoin (BTC) and other specific cryptocurrencies like Aptos (APT), Optimism (OP), and Dai (DAI). As Bitcoin’s price took a hit, shrewd investors didn’t miss a beat. They’ve been pouncing on the opportunity to buy it up on Bitfinex, where its value is actually riding high. Big-time investors are getting savvy, using TWAP to play the market like a pro and turn those crypto swings into opportunities.

Aptos (APT) is at a pivotal point with its token unlock, which could either lead to market adjustments or foster greater ecosystem engagement. Optimism (OP) is picking up steam as a Layer 2 solution, aiming to ramp up Ethereum’s performance while keeping its balance and earning user confidence. Dai (DAI), a stablecoin, relies on the stability and trust in the MakerDAO protocol, with its future hinging on maintaining its dollar peg amidst market and regulatory changes.

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

#Crypto #Whales #keeping #eye #coins

TAGGED:CoinsCryptoEyeKeepingwhales
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