Crypto whales have been moving the markets with every single purchase directly affecting the prices of currencies. Over the course of the last few months, there has been a trend that has slowly been growing on and it seems like Crypto whales are now only focused on three different coins!
Crypto Whales' Top 3 Picks
Bitcoin remains the most popular cryptocurrency but lately, there hasn't actually been a lot of Crypto Whales that have bought Bitcoin. In fact, a number of the crypto whales have been buying three other currencies that have slowly started to rise.
The first cryptocurrency that a lot of crypto whales have been buying up as of the moment is Ethereum. The price of Ethereum might not have been able to reach its $3,000 mark once again but there are strong Ethereum price prediction statements that say the coin will reach $5,000 by the end of the year.
Ethereum Price Prediction
Ethereum has already hit its previous all time high of a little over $4,000 and although it was a victory for the currency, it did not last too long as it spiraled down coinciding with yet another tweet from Elon Musk. The coin, although hasn't been seeing too much movement, is slowly going bullish as more and more crypto whales have been buying it.
Another currency that has already seen quite positive gains is Tron. Although tron dipped on June 4, 2021 due to yet another tweet by Elon Musk and dropping almost exactly the same time as Bitcoin did, the coin easily picked itself up and is now going quite bullish as of the moment.
Crypto Whales Buy TRON
The good thing about $TRX, as one of the Crypto whale picks, is that it does not fluctuate too much and the price has been slow but still strongly bullish. The currency has been bought almost everyday by yet another Crypto whale in the market. This might show potential for the coin as not a lot of people believe in it anymore.
Another coin that has been bought a lot lately but is still very questionable is $PAX. The charts, as of the moment, are hard to read as there is little to no movement with this coin. Being fairly new, however, it's understandable that the popularity of $PAX hasn't picked up yet.
Cypto Whales Buy $PAX
However, it might seem like the Crypto whales have something in mind for this cryptocurrency as there have been massive $PAX transfers. It is hard to pinpoint, however, what are the true intentions of the Crypto whales and if they really believe in $PAX or if they are just using it as a steady place to park their money. The moving charts can be seen on Binance.
At the end of the day, it's hard to tell what some Crypto whales might be thinking but for those with a long term perspective, following the whales is another technique that can be followed. For more whale updates, check out this Telegram group.
This article is owned by Tech Times
Written by Urian B.