Cryptocurrency waters are starting to heat up and whales are back on the market. Leading crypto Bitcoin (BTC) has jumped over 20% in a week, reaching the $21,000 limit. Leading altcoin Ethereum (ETH) followed suit and managed to climb above $1,500. The performance of the popular meme coin Dogecoin (DOGE), which is also a favorite of Turkish crypto investors, did not match BTC and ETH. According to WhaleStats, this is due to the influence of cryptocurrency whales.
Dogecoin (DOGE) is back on the whales Top 10 menu
cryptocoin.comAs you follow, enthusiasm has returned to the market. An influx of risky assets began after US macroeconomic data showed signs of a Federal Reserve softening. Therefore, the crypto money market also got its share from it. Investors returning to the market sparked serious increases in the price of Bitcoin and many altcoins in a short time.
Tesla CEO Elon Musk’s beloved meme coin, Dogecoin (DOGE), has started to attract the attention and investment of the biggest whales on BNB Chain, as whale watching platform WhaleStats reported. In a recent post, WhaleStats said that Dogecoin has reappeared on the list of top 10 tokens that BSC whales have been chasing in the past 24 hours.
The whale watching platform also stated that the list of whales also includes Cosmos (ATOM), Axie Infinity (AXS), Cardano (ADA), Ripple (XRP) and Aave (AAVE). At press time, the top 100 whale addresses in BSC hold DOGE, which makes up less than 1% of their portfolios, according to WhaleStats data. The USD equivalent of the mentioned DOGE amount is 7.349.835 dollars.
How is altcoin price performance?
Meanwhile, the tone of green is getting stronger and stronger in the crypto market. The leading cryptocurrency Bitcoin managed to reach the $ 21 thousand limit by taking the psychological support levels one by one. The popular meme coin Dogecoin (DOGE) has also made a splash in the market. DOGE made a jump from $0.08022 to $0.0918 in the bull run. However, today it retraced slightly from this impressive rise to $0.08637.
However, it is still greener on a daily and weekly basis. At press time, the altcoin is up 7.68% on a daily basis and 19.78% on a weekly basis. DOGE, similar to other altcoin projects, has been following the rise of the leading crypto, which has soared close to regaining the $21,000 level in the past few days. On the other hand, it is 88% off the all-time high of $0.7376, which it saw in November 2021.
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