Whales Are Competing for These 3 Types of Cryptocurrency

The cryptocurrency market is witnessing increased activity driven by recent developments, including Donald Trump's resounding victory in the presidential election on November 5. This price momentum, now entering its third week, is shifting focus to key altcoins. Dogecoin (DOGE), Ethereum (ETH), and Shiba Inu (SHIB) have become strong accumulation points for cryptocurrency whales, signaling potential opportunities for investors. Dogecoin: A popular whale-favored currency is making a comeback Among the assets attracting the attention of whales, Dogecoin has emerged as a prominent asset. Data from IntoTheBlock shows that the net inflow of large holders has surged by 112% in the past seven days. This increase highlights a significant uptick in whale activity, indicating increased confidence in the potential of the meme currency. The accumulation of whales has significantly reduced selling pressure, allowing for more stable price growth. Analysts speculate that this surge of interest could propel Dogecoin to new highs. Historical patterns show that whale-induced money flow often precedes significant price increases, making DOGE one of the coins to watch in the coming weeks.

Ethereum: Strengthened by Whale and Solid Foundation Ethereum, a leading altcoin, is also attracting the attention of whales. According to Santiment, wallets holding from 100,000 to 1,000,000 ETH have accumulated 380,000 ETH in the past week—a investment worth approximately $1.27 billion at current prices. Currently trading at $3,342, Ethereum is poised for potential price uptrend. Analysts predict that continued whale activity could push the price above $3,500 in the near future. Long-term holders are maintaining their positions, strengthening confidence in the market dynamics and future potential of Ethereum.

Shiba Inu: The rising star in the investment portfolio of Whale Shiba Inu is another token that is regaining its place in the spotlight. Recent on-chain data shows that wallets holding 10,000 to 1,000,000 SHIB have collectively increased their balances by 2 billion SHIB over the past week. This proves that whales see new value in the Shiba Inu ecosystem. Such accumulation trend may signal a price increase for SHIB. Increasing interest from whales may also stimulate wider investor participation, further solidifying Shiba Inu's position in the market.

Whale activities reshape the market The strong accumulation of Dogecoin, Ethereum, and Shiba Inu by whales reinforces the broader upward price trend in the market. These movements not only drive prices but also strengthen market confidence, creating attractive opportunities for both experienced investors and newcomers alike. As The Bit Journal emphasizes, monitoring the movements of whales provides important insights into the future direction of the market. With the increasing activity of these whales showing no signs of slowing down, the cryptocurrency market may be on the verge of significant changes. Main points The recent surge in whale activity is reshaping the landscape for Dogecoin, Ethereum, and Shiba Inu. Whether you're an experienced investor or new to the cryptocurrency space, keeping an eye on these trends can present significant opportunities. Stay tuned to The Bit Journal for the latest market insights.