One of the biggest problems with the altcoin market is figuring out which project will hold up in the future. No wonder, therefore, that there are countless cryptocurrencies on the market. We can take a look at the preferences of big investors to have an idea about the subject. Here are the altcoins whales bought, along with Solana, Cardano, and Ethereum.
Altcoins that whales prefer to buy
Ethereum (ETH)
Ethereum is the second largest cryptocurrency by market cap. However, it stands out with its numerous features that attract developers and investors. Its potential applications (especially smart contracts that execute automatically when conditions are met) are one of the most important reasons.
Polkadot (DOT)
Polkadot is one of those cryptocurrencies that will not disappoint as it promises good returns to investors. DOT has the ability to seamlessly connect all heterogeneous Blockchain networks. This is one of the biggest reasons why hundreds of projects have been built on the Polkadot ecosystem.
Cardano (ADA)
Cardano’s impressive growth in a short period of time has dazzled all corners of the world. In addition, what distinguishes this altcoin project from others is the shorter transaction time and less energy consumption. This is the main indicator of how much potential the altcoin has. It’s also good enough proof of why investing will yield good returns.
Left (LEFT)
Solana’s working mechanism is definitely worth mentioning. It works with a mix of proof-of-stake (PoS) and proof-of-stake (PoH) mechanisms. This brought great returns to investors. Whether it’s decentralized finance (DeFi), decentralized applications (DApps) or smart contracts, Solana has held the top spot for years.
Tether (USDT)
Tether is a special cryptocurrency for investors who are not willing to take too much risk. Whales, who do not want to take risks with the volatility of the cryptocurrency market, wait in USDT.
BNB Coin (BNB)
Binance coin was brought to life by Binance, one of the largest crypto exchanges in the world. Within a few months, it has expanded from simply facilitating trades on Binance’s exchange platform to a bookable platform for trading, payment processing and even travel arrangements. No wonder why it is part of the top 10 cryptocurrencies that crypto whales prefer to buy in 2023.
Ripple (XRP)
XRP stands for the ability to facilitate the exchange of different types of currencies, including fiat currencies and other major cryptocurrencies. This is one of the main reasons why it gained popularity. In addition to this, it has performed quite well over the years. The rise in its price is good enough proof of how much potential this cryptocurrency has.
cryptocoin.comAs you follow, Ripple took a lead in the SEC lawsuit last week. As a result, XRP price completed a rally of over 40%.
Dogecoin (DOGE)
Dogecoin was launched in 2013 and has been performing extremely well ever since, so much so that over the past few years it has become one of the leading cryptocurrencies in the entire cryptocurrency market.
Shiba Inu (SHIB)
Another cryptocurrency that has not been overlooked is the Shiba Inu. It is a more community and supporter-oriented crypto that takes advantage of the security and advanced features of the Ethereum ecosystem. Recent years have been very promising for the Shiba Inu as the growth shown is substantial.
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