Historically, the fourth quarter often benefits investors in the #cryptocurrencymarket . At the beginning of the month, the big players - the whales - open strategic positions with their sights set on high profits
Large holders, aka whales, are keeping a close eye on assets with high growth potential. BeInCrypto's editorial team analyzed onchain statistics and identified the altcoins that crypto whales are betting on this month. This information will help retail investors who are keeping an eye on where the smart money is flowing.
Maker (MKR)
$MKR
, the management token of the Maker protocol, tops this list of tokens of interest to cryptokits in November.
According to IntoTheBlock, net inflows from large holders, have been on the rise since late October. This indicator measures the difference between assets bought and sold. Its rise means that cryptokits are buying more than they are selling.
In the last week of October, whales bought 5,575 tokens, increasing their investment in the asset.
If they keep buying this month, the altcoin's price could soar above $1,284.
Ripple (XRP)
Another token that cryptokites are actively buying up is $XRP
, the main token of blockchain payment system project Ripple. In October, the price of XRP fell 12% as whales took their time to
to accumulate tokens.
But the situation changed on October 31. According to data from Santiment, crypto-kits have purchased about 2 billion XRP for amounts of more than $1 billion at the current exchange rate
If the hoarding continues, XRP could recover some of its recent losses. However, if the whales stop buying at the beginning of the month, the forecast will fail.
Earlier, experts revealed what will happen to Ripple (XRP) in November.
Pepe (PEPE)
Pepe is another cryptocurrency that whales are betting on after a disappointing October, when hype around other memcoins diverted investors' attention away from $PEPE
.
Last week saw a marked increase in net inflows from large holders, indicating their confidence in PEPE's future.
If the situation remains the same, the price of PEPE could rise above $0.0000092.
