The crypto market is currently experiencing a period of accumulation, where Whales are gradually accumulating tokens across various assets. The accumulation phase is typically accompanied by high trading volumes, and this time, tokens like APX, CVC, ONDO, and others are being accumulated, indicating that the price may soon rise. This is an important period for traders to observe.
Here are the most recent assets in the accumulation phase:
– $XDC
– $NCT
– $WELL
– $APX
– $CVC
– $WING
– $ONDO
– $FIDA
– $W
– $CHZ
APX Finance (APX), Civic (CVC), and Ondo (ONDO) are emerging opportunities. APX Finance is a DeFi platform with a market capitalization of $15.51M. It has been in the accumulation phase for 8 days and is gradually gaining interest from whales due to its decentralized protocol for trade and asset management. Civic (CVC) has a market capitalization of $135.90M and has been in the accumulation phase for 10 days. Ondo (ONDO), with a market capitalization of $1.10B, has a 13-day accumulation period. Its large size and focus on offering institutional-quality products attract the attention of whales.
XDC Network (XDC) and PolySwarm (NCT) are early movers. XDC Network, launched just 1 day ago, has a market capitalization of $408.70M. It is a dual-layered blockchain focusing on trade finance, appealing to retail and institutional investors. PolySwarm (NCT) has a market capitalization of $34.62M and is in the first accumulation day. It leverages blockchain to crowdsource solutions to cybersecurity threats, and whales entering NCT may be anticipating its expansion as cybersecurity becomes more critical worldwide.
Moonwell (WELL) and Wing Finance (WING) have DeFi potential. Moonwell has a market capitalization of $169.72M and has been in the accumulation phase for a week, indicating increasing optimism for DeFi and financial systems. Wing Finance, with a market capitalization of around $23.44M, has been in the accumulation phase for the 11th day. This accumulation suggests that investors have high expectations for DeFi platforms focused on growth and transparency.
SNS (FIDA) and Wormhole (W) and others focus on infrastructure and interoperability. SNS has a market capitalization of $54.70M and has been in the accumulation phase for two weeks, showing confidence in its role as a liquidity provider. Wormhole token, with a market cap of $759.32M, has been accumulated for 16 days due to growing demand for its interoperability solutions. Chiliz (CHZ) has been in the accumulation phase for 18 days and has a market capitalization of $665.71M. It is the world’s premier fan tokens platform, and whales may be 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 the shifts in the market and the buying patterns of these whales, as it can be valuable in the volatile realm of cryptocurrencies.