My honest opinion on these assets and the current market movement:
What are Whales?
When I talk about “whales” in the cryptocurrency market, I’m referring to large investors or entities that own a significant amount of a cryptocurrency. These investors have so much power that their actions can greatly influence prices. For example, if a whale decides to sell a large amount of Bitcoin, it can cause the price to drop quickly because there is more supply in the market.
“Whale action” is when these large investors buy or sell large amounts of crypto. When a whale sells a lot of BTC, I pay attention, as this could indicate that the market is about to enter a bearish phase. On the other hand, if they are buying a lot, this is usually a positive sign, indicating that they believe the price will rise in the future.
#bitcoin what will become of him?
I have always considered Bitcoin to be one of the most stable and reputable cryptocurrencies. Looking at the long term, I think BTC can continue to grow, especially as more people and businesses start adopting it.
When I think about Dogecoin, I realize that it is more volatile and sometimes unpredictable. The value of DOGE is greatly influenced by social networks and public figures, such as Elon Musk. Sometimes a tweet can make the price soar or plummet! What I see is that, just like Bitcoin, whale movements with DOGE can cause big changes in the price.
So for me, the movement of whales in the crypto market is crucial to understanding how prices might behave. In the case of BTC, I see safer long-term growth potential, while with DOGE, emotion and cultural trends play a more significant role in making it more volatile.
