Bitcoin Chart Shows Crypto Whales are Influencing On-chain Data Trends

The On-chain data chart shows a bizarre trend whereby entities' net growth is still rising despite the Bitcoin price dropping from its all-time high of $65k.  The current data is even higher than the 2017 net growth before the price of Bitcoin came crashing down after a high of 25k. As expected, the net growth went down, but this is not the case for Bitcoin at the moment. What is Causing the Weird Movement? Net growth of entities is defined…

Cryptocurrency Whales: How They Affect the Market

Several factors within the cryptocurrency market are essential determinants of their outcome. Some of them are volatility, demand, regulations, media presence, listings, technological advancements, etc. One that most people do not account for is the crypto whales. Over the past couple of months, the number of crypto whales has been rising as more people get into cryptocurrency trading. Due to more cryptocurrencies, professional traders can earn more coins presenting the opportunity to become whales. Cryptocurrency whales are individuals or organizations…

There is Massive Accumulation of Ethereum By Cryptocurrency Whales, Says Report

Cryptocurrency whales are in the game for a long time. According to data, there is rapid accumulation of Ethereum by big cryptocurrency investors. The manual audit carried out by Adam Cochran of the privacy-focused search engine DuckDuckGo revealed some interesting information. The audit involved the examination of the top 10,000 Ethereum addresses to know the asset’s whale activity, liquidity profitability and market manipulation. The result revealed that existing whales have acquired more Ethereum which is over $550 million or 4 percent within…

Predicting Bitcoin Prices: What You Need to Know Before Trading Bitcoin

Like regional currencies such as the US dollar, Bitcoin is a digital currency with a finite, limited supply like Gold or Silver. Since it is based on new technology and pretty nearly unregulated and borderless, it is highly volatile, featuring wild fluctuations in its purchasing power, which can happen intermittently over a short time. Volatility is the main reason seasoned investors in traditional markets tend to be wary of Bitcoin. It is also why other investors embrace it due to…

Why Whales are Crucial to Blockchain-Powered Gambling Apps

Cryptocurrency whales are critical to the survival of blockchain-powered gambling apps, according to recent reports.  DappRadar pointed out that 80% of the value flowing through several decentralized gambling apps on the Ethereum, EOS and Tron networks comes from people with high net-worth. Benefits of  Whales to Blockchain-Powered Gambling Apps Whales exhibit outstanding sensitivity to nascent features on blockchain gambling apps and do not hesitate to leave one another when the likely returns change.  The report noted that without regard to…

The Distribution of Top Cryptos and Tokens among Crypto Whales

Recently, a report by Clovr indicated that a small group of crypto whales hold the majority of the top cryptos. The report also pointed out that Whales are also in charge of exchange wallets and loads of tokens. Top assets with a remarkable wealth distribution program have over 70% of their supply with top wallets. All of these tokens have a relatively small market capitalization of $ 100 million or less. Every asset possesses different risks of top-heaviness, and a…