Whales have a significant and widespread impact on the Bitcoin market. The activities of crypto whales, in addition to things like government laws, investment cycles, anxiety and uncertainty of price fluctuations, also negatively impact cryptocurrencies.
Since the fall of the cryptocurrency market, much of the press attention has focused on Crypto whales. The most important reason for this is that despite the fact that they were Crypto whales, their main purpose was to accumulate shiba inus.
The introduction of the creators of SHIB into the Metaverse made those same whales realize the potential of cryptocurrency. Take into account that even though Ethereum is probably one of the most valuable cryptocurrencies currently available, its price has been extremely volatile over the past few months due to the decline in value of Bitcoin as well as the collapse of the Terra ecosystem.
Even though SHIB is not a perfectly lucrative cryptocurrency model, the recent steps it has taken have undoubtedly made it rather attractive to whales trading in the crypto market.
But Shiba Inu isn’t the only cryptocurrency that whales are interested in; they also like other cryptocurrencies.
Below is a compiled list of the top 10 new cryptocurrencies that Crypto whales are buying right now that you should also consider hoarding.
Top 10 New Cryptocurrencies Crypto Whales Are Buying Right Now
1. Tamadoge
In the past, investors who bought popular meme coins like Doge and Shiba Inu made huge sums of money. But investors are now looking for new cryptocurrencies that could grow at a very rapid rate. Tamadoge (TAMA) is a new member of the doge community. It’s the Tamaverse Utility Token.
Tamadoge has a “play-to-earn” (P2E) system where players can win prizes on the site. This is different from Dogecoin, which depends on social media for its success. Users will be able to create Tamadoge pets, breed them, and trade them using DeFi protocols and NFT capabilities in Tamaverse.
Tamadoge Pets are unique in-game characters that can be purchased with NFT Tokens from the Tama Store. The object of the game is to take care of different Tamadoge pets and then let them compete with those of other players. Top players on the Metaverse scoreboard receive TAMA cryptos and dogepoints as rewards.
The TAMA ERC-20 token is used to settle transactions, purchase Tamadoge dogs, and reward ecosystem members. A supply cap of 2 billion tokens makes TAMA a deflationary asset. 5% of all money spent at the Tama store for Tamadoge pets and other things is burned.
So the people who created TAMA want to limit the number of tokens that can be created. This could make TAMA more valuable over time.
In the third quarter of 2022, 50% of the total supply of TAMA can be purchased during the presale period. The Tamadoge plan states that 20% of all tokens will be listed on centralized and decentralized exchanges. Over the next 10 years, minting-related activities will bring in the final 30%.
Although this is only the beginning of the Tamaverse, the creators plan to expand it in the future by offering an augmented reality (AR) application. Tamadoge is one of best cryptocurrencies to buy right now because it is undervalued. Other Metaverse alliances and new P2E deployments are planned.
Your capital is in danger.
2. FTX Token
The native token of the cryptocurrency trading platform is denoted by the symbol FTX. Futures traders have flocked to this exchange in large numbers in recent years. It is common knowledge that FTX holds the position of the fourth largest cryptocurrency in terms of trading volume.
Generally, Crypto whales would use the FTX exchange as it offers them the opportunity to get rewards that will help them grow their position in the FTT. Among the crypto-whales, the FTX Token is very popular for various reasons, and this is just one of them.
Your capital is in danger.
3. Chain link
Crypto whales show significant interest in Chain link. In 2021, the cryptocurrency surpassed many other tokens in terms of trading volume.
During a twenty-four hour period in 2021, Crypto Whales acquired and sold an exponentially growing number of LINK tokenswhich has led to an increase in the popularity and supremacy of the cryptocurrency market.
Your capital is in danger.
4. Attachment
In March 2022, multiple sources reported that Crypto Whales had a total value of over US$400 million in Tether. But soon after TerraUSD was pulled out, ETH wealthy whales dropped USDT as their favorite cryptocurrency.
Despite this, USDT is reclaiming its lost image among crypto whales thanks to the stability and resilience with which it prevailed through some of the most tumultuous times the market has seen.
Your capital is in danger.
5. Polygon
Some of the crypto whales have also invested in Polygonas their holdings of MATIC tokens are valued at nearly US$380 million.
Polygon is an extension of the Ethereum blockchain that allows it to function as a multi-chain network. Polygon is one of those overlooked cryptocurrencies that is also developed on the Ethereum blockchain.
Your capital is in danger.
6. USD coin
When Terra failed, the crypto whale community turned to USDC as a viable investment alternative. USDC is the second largest stablecoin in the market, and recent data reveals that USDC has become a cryptocurrency of choice for whales.
This is evidenced by the fact that USDC has become the second largest cryptocurrency transaction on the Ethereum blockchain. Following the failures of UST, USDT initially suffered a loss of around US$10 billion, but since the functioning of the cryptocurrency market depends on the attitude of investors, USDC is become very popular among crypto whales.
Your capital is in danger.
7. Decentralization
Whales are also interested in in-game currencies, and an example of that would be Decentralized. Some of the richest ETH whales currently hold the Decentraland token, which has quickly become one of the the most important Metaverse tokens.
According to reports from November 2021, ETH whales have not invested in any cryptocurrency other than Decentraland in the past week. These investments were exclusive to Decentraland. In a somewhat analogous way, insofar as Tandem Extended MANA with the growing popularity of the metaverse, this pattern persisted until 2022.
Your capital is in danger.
8. Axie Infinity
Another gambling token on which ETH whales have accumulated is called Axie Infinity.
The AXS TokenThe capabilities of have also been extended to the Metaverse, making it more attractive than a number of other top cryptocurrencies due to its increased versatility.
Your capital is in danger.
9. The sandbox
Users of The Sandbox’s virtual environment were able to enjoy an experience that was both immersive and innovative, thanks to a collaboration between The sandbox and Standard Chartered Bank.
As a result of the cryptocurrency market crisis, Sandbox value declined and ETH whales started accumulating an increasing number of SAND tokens in order to enjoy the benefits of the Sandbox when the price of ETH has increased.
Your capital is in danger.
10. Shiba Inus
shiba inus is consistently ranked as one of the most popular choices among the wealthiest Crypto whales. The fact that Shiba Inu was held by the Top 100 Crypto Whales in May 2022 had a direct impact on the popularity and growth of the cryptocurrency.
In 2021, the SHIB token had the most views, surpassing even major cryptocurrencies like Bitcoin and Ethereum.
The financial community has praised Metaverse cryptocurrency activities as cryptocurrency continues to pose serious challenges to cryptocurrencies such as Dogecoin and Solana.
Your capital is in danger.
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