Just like historical data gives a hint of future price movement, so does whales’ activity. Whales seem to be looking past established altcoins
Historical data can provide clues about future price movements, and the activity of large cryptocurrency holders, known as "whales," is also an important indicator. According to recent observations, whales are pivoting away from prominent altcoins such as Avalanche (CRYPTO:AVAX) and TRON (CRYPTO:TRX) due to their limited upside potential.
Instead, their attention is shifting towards presale tokens, particularly Intel Markets (INTL). This new initial coin offering is rapidly gaining traction, especially with its combination of artificial intelligence and decentralized finance. It aims to revolutionize the global crypto trading market, positioning it for mass adoption and emerging as a favorite among traders.
Here's why whales are betting big on INTL and how it differs from AVAX and TRX.
Intel Markets (INTL): Why Are Whales Betting Big?
Emerging altcoin Intel Markets (INTL) is receiving the nod ahead of popular tokens like Avalanche and TRON. For good reasons, of course. The rising whale activity is due to its growth prospects as a low-cap gem.
Its AI integration is one of its standout features. Also at users' disposal will be profitable trading bots and advanced trading tools like charting software, real-time market data and customizable trading indicators. A huge jump in price is anticipated after its launch, especially considering its transformation of the crypto trading niche.
Currently in the first stage of the ICO, a token costs only $0.009, providing a low entry point. Diving whale interest is its projected 100x rally post-launch, making it a new altcoin to watch out for.
Avalanche (AVAX): Whales Opt For More Promising Altcoins
Layer-1 token and blockchain Avalanche (AVAX) is a key presence in the crypto space. Its high transaction output and scalability contribute to its adoption and growth, alongside interoperability.
However, its performance in August has been largely disappointing. In the past month, the AVAX price plummeted by over 20%. It is up by over 5% on the weekly chart. But top analysts believe this might be a dead cat bounce, especially with the recent 9.54 million Avalanche crypto unlock. With the circulating supply spiking, a price fall is imminent.
As a result, whales have been opting for more promising altcoins and narratives, notably AI and memes. We suggest waiting for a better buying opportunity as well, instead of FOMOing.
TRON (TRX): A Good Crypto to Buy?
Leading blockchain platform TRON (TRX) facilitates the creation of decentralized applications, dApps for short. It is also among the most widely embraced chains, popular for its cheap transaction costs.
In recent TRON news, Tether Treasury minted $1 billion USDT on the network earlier this week. According to on-chain data provider Lookonchain, Tether has minted 33 billion USDT in the past year; 19 billion is on the TRX network.
This might sound bullish on the surface, but the TRON crypto is the most underwhelming among the top 10 cryptos. With this knowledge not lost on investors, interest is on the downside. At best, it might give a 2x gain at the peak of this bull run, which presale or meme coins can easily pull in a couple of days.
Conclusion
Crypto whales have been looking beyond established altcoins to emerging ones like Intel Markets for one key reason: upside potential. This project further stands out thanks to its integration of AI into crypto trading, setting it up for growth.
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