The crypto market has experienced a massive surge in whale activity in the past few weeks following the rise of many top altcoins. This is in anticipation of a huge altseason to cut Bitcoin’s dominance. Whales have bought millions of Cardano (ADA), Ripple (XRP), and DTX Exchange (DTX).
The massive 500% pump of the DTX coin has caught the attention of whales as the altcoin price looks to cross $1 soon. Meanwhile, analysts forecast the price of ADA could soar to $3 while XRP might reach $4.
Cardano (ADA) Buys 160M ADA, Eyes Breakout To $3
According to Ali Martinez, whales have been showing a huge interest in Cardano (ADA). These large investors made their money on the price increase from $1.15 to $1.33. However, after the price declined to $0.91, these whales started buying more Cardano ADA tokens. Ali noted that they bought over 160 million ADA tokens, which indicates their confidence in the future of the Cardano blockchain.
Another analyst called Crypto Eagles said the altcoin is trading within a descending triangle pattern. If the Cardano coin breaks the trendline, we might see a potential rise to $3 in the coming weeks. In the meantime, the price of cryptocurrency has increased by 3.2% in the past week. It is also up 49.9% on the monthly timeframe. The rising relative strength index supports this bullish thesis.
Ripple (XRP) Whales Moves 830M XRP
Ali Martinez has also noted that whales have purchased over 830 million XRP. This huge whale accumulation comes as Ripple (XRP) launched its long-awaited stablecoin across exchanges. The crypto community received the launch well. Even the price of the Ripple coin reacted positively to the news. Data from CoinMarketCap shows the value of the Ripple token has risen by 8.8% in the past week and 140.2% on the monthly level.
In terms of price movement, the Ripple XRP has crossed $2.57. The cryptocurrency has been consolidating between $2.24 and $2.70 in the past week. In another tweet, Ali noted that the altcoin had been consolidating in a bullflag formation. He believes that a potential breakout rally to $4 could happen if XRP surpasses the $2.60 resistance.
DTX Exchange (DTX): The New Face of Trading
DTX Exchange (DTX) is poised to revolutionize the financial market as the unique trading platform that unites stocks, cryptocurrencies, indices, ETFs, and forex for the first time. This innovative DeFi project wants to fill the voids of other platforms and provide traders with the best liquidity, speed, low cost, anonymity, and security.
The one feature that makes DTX Exchange stand out is the platform’s adherence to privacy. DTX allows users to trade without having to provide KYC documents. This makes it a perfect choice for traders who want to keep their identities secret while trading. Another of DTX’s standout features is its 1000:1 leverage, which helps to increase the positions and get huge profits with small amounts of money.
The platform Exchange has already attracted more than 300,000+ wallets due to its unique features. Investors who have been looking for a privacy-focused platform with advanced trading tools are now flocking to DTX Exchange. The ongoing presale has raised over $10.4 million and is a good opportunity for you to join the future of trading. The DTX token is available for sale at $0.12 following a rise of 500%.
Final Thoughts
The best altcoins to buy right now are Ripple (XRP), Cardano (ADA), and DTX Exchange. Their prices have increased over the past few weeks and they are expected to see more gains in the coming weeks. Whales are already filling their wallets with DTX as it has more growth potential. By early Q1, they believe the altcoin could cross $1.
Find out more information about DTX Exchange (DTX) by visiting the links below:
