The crypto market can be seen going through a period of accumulation where Whales are gradually amassing tokens across the various assets. High trading volumes primarily accompany the accumulation phase, and this time, APX, CVC, ONDO, and several others are accumulating, which is a sign that the price may rise soon; this is a crucial period that traders should observe.
APX Finance (APX), Civic (CVC), and Ondo (ONDO): Emerging Opportunities
DeFi platform APX Finance (APX), with a market capitalization of $15.51M, has been in the accumulation phase for 8 days. Since APX is a Decentralized protocol providing services for trade and asset management, it is gradually gaining interest from the whales.
At the same time, Civic (CVC), with $135.90M in market capitalization, has been in the accumulation phase for 10 days. While Ondo (ONDO) has a 13-day accumulation period and has a market capitalization of $1.10B. Because of its large size and focus on offering institutional quality products, whales pay much attention to it.
XDC Network (XDC) and PolySwarm (NCT): Early Movers
XDC Network (XDC), launched just 1 day ago, possessed a market capitalization of $408.70M. XDC is a dual-layered blockchain focusing on trade finance, further appealing to retail and institutional investors.
PolySwarm (NCT), having a $34.62M market capitalization, is on the first accumulation day. PolySwarm leverages blockchain to crowdsource solutions to cybersecurity threats in the market. Whales entering the NCT may be counting on its expansion as cybersecurity becomes critical worldwide.
Moonwell (WELL) and Wing Finance (WING): DeFi Potential
Moonwell (WELL), with a market capitalization of $169.72M, has been in the accumulation phase for a week. Its accumulation phase points toward increasing optimism for DeFi and financial systems.
Wing Finance, a Defi platform with a market capital of around $23.44M, has been in an accumulation phase for the 11th day. This accumulation means investors have high expectations of DeFi platforms focused on growth and transparency.
SNS (FIDA) and Wormhole (W) and other: Infrastructure and Interoperability
SNS (FIDA) has a market capitalization of $54.70M and has been in the accumulation phase for two weeks. The accumulation time shows confidence in its role as a liquidity provider.
Wormhole token, with $759.32M in market cap, was accumulated for 16 days due to a growing appetite for its interoperability solutions. Due to its role in the multi-chain economy, it is a token of interest for those who believe in the future of interconnectivity.
Chiliz (CHZ) has been in the accumulation phase for 18 days and has a $665.71M market cap. Chiliz is the world’s premier fan tokens platform, and sports entities can issue tokens to engage their fans. It could suggest that whales are expecting more fan tokens to be bought and sold in the future.
Broad Market Implications
Smart money and whales hold tokens with the expectations of price movements, and this stage tells where the market is heading. Based on this, trends in the accumulation of tokens, such as APX, CVC, ONDO, etc., are crucial for retail investors in identifying possible breakout points.
Crypto markets are intrinsically unstable, and equilibrium trends predefine drastic fluctuations, including upswings. Paying close attention to the shifts in the market and the buying patterns of these whales can be particularly valuable in the volatile realm of cryptocurrencies.
