If you are interested in cryptocurrency world, then you must have heard the name of crypto whales. These are those investors who buy, sell or hold a token in bulk. They have the ability to completely control the crypto market. Buying or bulk dumping of any crypto on a large scale by them, there is a tremendous change in the price of that token. In the recent past, there has been a big drop in the prices of many major crypto tokens. These include Bitcoin, Ether, Shiba Inu and many others. However, there are some coins that, even after witnessing ups and downs, remain the choice of crypto whales on the basis of their performance.
If we take the example of Dogecoin, it has seen its price increase by more than 150 percent within a week. Although it is also clear that this recent increase in the price of DOGE is mainly Elon Musk’s Twitter deal, yet it is this crypto and some other crypto coins like it, which remain the choice of investors. Analytics Insight Key Report If we believe, then crypto whales are buying all these cryptos in 2023 expecting 50 times profit. Let’s know about them.
Dogecoin has grown tremendously in the past few weeks, especially after Elon Musk’s Twitter deal, and it is expected to perform even better in the times to come. Launched in 2013, the meme coin has grown phenomenally. It has become one of the top cryptocurrencies during the last few years. Dodgecoin is Elon Musk’s favorite cryptocurrency, which is why many investors are trading in it. It has also beaten coins like Bitcoin, Ether in terms of returns and somewhere this is the reason why it has become the favorite cryptocurrency of investors for 2023.
Polygon has introduced its own version of the Ethereum Hardfork, which makes its price more predictable, and controls the decline by burning MATIC coins. As such, it is considered one of the best cryptocurrencies for investment.
Tether is the largest stablecoin by volume and has caught the attention of many crypto investors around the world. Stablecoins are basically stable to a great extent and are considered good for long term investments. It gives an opportunity to earn by risking large amounts of money. Tether’s market cap is expected to grow very rapidly in the coming months.
Cardano has been in the eyes of investors as a good and stable coin since the beginning. It is believed that in the coming times, it will give fierce competition to Shiba Inu, even surpass it. However, one area where the Cardano team is lagging behind is the development of the project over time. The project team is taking some steps that will enhance the current functionality of the ADA token, but development is moving at a slow pace.
The XLM token is currently one of the cheapest cryptocurrencies to buy for less than $1. It is an open-source and highly decentralized payment network, striving to revolutionize the global financial system. Missions such as the provision of crypto storage services and financial inclusion and reaching out to the unbanked are driving it forward.
Binance USD (BUSD) is a 1:1 USD-backed stablecoin issued by Binance. The coin can be used for multiple purposes, such as transferring your digital dollars (BUSD) anywhere in minutes, at low cost, and on the blockchain. In addition, investors can also trade BUSD on various exchanges and DEXs, and deposit BUSD to earn interest rates.