The cryptocurrency market is currently experiencing a period of accumulation, with Whales gradually accumulating tokens across various assets. This accumulation phase is accompanied by high trading volumes, indicating that the price may soon rise. It is important for traders to observe this crucial period.
The most recent assets in the accumulation phase include XDC, NCT, WELL, APX, CVC, WING, ONDO, FIDA, W, and CHZ.
APX Finance (APX), Civic (CVC), and Ondo (ONDO) are emerging opportunities in the market. APX Finance, a decentralized finance (DeFi) platform with a market capitalization of $15.51M, has been in the accumulation phase for 8 days. It provides services for trade and asset management and is gradually gaining interest from whales.
Civic (CVC), with a market capitalization of $135.90M, has been in the accumulation phase for 10 days. Ondo (ONDO), with a market capitalization of $1.10B, has a 13-day accumulation period. Due to its large size and focus on offering institutional quality products, whales are paying much attention to ONDO.
XDC Network (XDC) and PolySwarm (NCT) are early movers in the market. XDC Network, launched just 1 day ago, has a market capitalization of $408.70M. It is a dual-layered blockchain that focuses on trade finance, appealing to both retail and institutional investors. PolySwarm (NCT), with a market capitalization of $34.62M, is on the first accumulation day. It leverages blockchain to crowdsource solutions to cybersecurity threats, making it an attractive option for whales.
Moonwell (WELL) and Wing Finance (WING) have shown DeFi potential. Moonwell, with a market capitalization of $169.72M, has been in the accumulation phase for a week. This indicates increasing optimism for DeFi and financial systems. Wing Finance, a DeFi platform with a market capitalization of around $23.44M, has been in the accumulation phase for the 11th day. This suggests that investors have high expectations for DeFi platforms focused on growth and transparency.
SNS (FIDA) and Wormhole (W) are focused on infrastructure and interoperability. SNS, with a market capitalization of $54.70M, has been in the accumulation phase for two weeks, showing confidence in its role as a liquidity provider. Wormhole token, with a market capitalization of $759.32M, has been accumulated for 16 days due to growing interest in its interoperability solutions. It is a token of interest for those who believe in the future of interconnectivity in the multi-chain economy. Chiliz (CHZ), with a market capitalization of $665.71M, has been in the accumulation phase for 18 days. As the world’s premier fan tokens platform, it suggests that whales are expecting more fan tokens to be bought and sold in the future.
The accumulation of tokens by smart money and whales provides insights into market trends and potential breakout points. Retail investors should closely monitor these trends and buying patterns in order to navigate the volatile realm of cryptocurrencies effectively.