These 4 Cryptos Are Targeted by Whales in Q4: XRP, SOL, JBOLT, and KAS
2024-11-26
Bittime - Large investors or what are often known as 'whales' are paying attention to several potential cryptocurrencies in the fourth quarter of this year.
In the midst of rapidly changing market dynamics, coins XRP, Solana (SOL), JetBolt (JBOLT), and Kaspa (KAS) have emerged as prima donnas thanks to their technological advantages and long-term potential.
Unlike retail investors, these whales analyze utility, technology and growth prospects as the primary factors driving their multi-million dollar investment decisions.
XRP: Strength Amid Uncertainty
Despite ongoing regulatory challenges, XRP continues to attract whales with its advantages in cross-border payments.
One of the main drivers of whale interest is the potential approval of an XRP-focused ETF. These financial products can facilitate access for institutional investors and increase demand in the market.
Additionally, developments in Ripple's legal battle with the SEC are also being closely watched, with optimism that regulatory changes in the crypto's favor will strengthen their confidence in XRP as a long-term asset.
XRP's ability to manage large transactions has established its role in the global financial system. Whales consider XRP to be a bridge between traditional banking and decentralized finance, keeping this asset a mainstay in their strategy.
Read also: Crypto Whale Transfers 210 Million XRP
Solana: Compelling Speed and Scalability
Solana is the top choice for whales thanks to its ability to handle transactions at lightning speed and supports large-scale applications. Solana's growing ecosystem of decentralized applications (dApps) is attracting the interest of developers and users looking for high-performance solutions.
Recent whale activity shows continued confidence in Solana's potential, even amidst market volatility.
The number of wallets holding large amounts of SOL continues to grow, indicating that whales see the price drop as an opportunity to strengthen their positions.
Solana's continued improvements, including efforts to increase decentralization and reduce transaction fees, further underscore its value proposition. Even so, some whales are also starting to explore new alternatives such as JetBolt.
The token offers zero-gas technology and an intuitive ecosystem designed for a smoother developer and user experience. This shift suggests diversification of interests, with whales balancing established assets with innovative new entrants.
JetBolt: Innovation Without Limits
JetBolt (JBOLT), a newcomer to this list, is quickly attracting attention thanks to its revolutionary approach to blockchain usability. Built on the Skale network, JetBolt eliminates gas fees, offering a more accessible and cost-effective blockchain model for developers and users.
For whales, this combination of innovation and practicality is a look into the next phase of blockchain evolution.
Another excellent feature is JetBolt's Web3 wallet which integrates security and usability through tools like FaceID authentication and easier dApp connectivity.
In contrast to many blockchain systems that can often feel complicated, JetBolt prioritizes user experience, making it an attractive choice for both newcomers and experienced participants.
Read also: Altseason Begins: Crypto Whales Start Trading XRP and Solana
Kaspa: A Compelling BlockDAG Innovation
Kaspa's BlockDAG architecture allows processing of multiple blocks simultaneously. This innovation offers a viable solution to long-standing scalability challenges in blockchain technology, making Kaspa an attractive option for whales looking for cutting-edge infrastructure.
Large wallet activity around Kaspa continues to increase, reflecting the whales' growing trust.
Kaspa's eco-friendly mining mechanism powered by the kHeavyHash algorithm is attracting attention amid growing concerns about crypto's environmental impact.
Kaspa's energy-saving approach sets it apart at a time when sustainability is becoming a critical factor for blockchain projects. While KAS prices fluctuate, its community and developer base remain committed to improving its technical capabilities.
Whales, aware of its potential as a scalable and sustainable alternative, continue to keep it on their watch list.
Read also: Crypto Whale Transfers 400 Million XRP
Who Can Dominate the Bull Run This Time?
As the crypto market heats up, XRP, Solana (SOL), and JetBolt (JBOLT) are emerging as the leading altcoins vying for dominance. XRP surged to its highest level of the year, while Solana continues to set new records.
On the other hand, JetBolt, with its zero-gas fee technology and innovative features, is attracting a lot of attention in the blockchain world.
With over 66 million tokens sold, JetBolt's presale shows its growing popularity. The question is, can XRP or Solana maintain their position or will JetBolt define the future of crypto?
XRP
XRP hit its highest level of the year thanks to the announcement of SEC Chairman Gary Gensler's resignation. However, this spike is temporary because XRP is experiencing a price correction. To maintain momentum, XRP must remain above the $1.33 support level. Otherwise, prices could fall further.
Solana
Solana remains bullish with new milestones achieved and discussions regarding the SOL spot ETF. Trading around $253.83, Solana continues to show strong momentum and has the potential to reach new levels of $300 to $400.
JetBolt
JetBolt is attracting interest with its no gas fee technology and presale success. This altcoin stands out with its unique feature that allows the development of dApps, blockchain games, and Web3 without gas fees. With over 66 million tokens sold, JetBolt is ready to dominate this bull run.
Conclusion
Crypto whales offer insight into the future of the market by strategically placing themselves in assets that have long-term viability.
XRP and Solana fulfill their need for established utility and scalability, while JetBolt and Kaspa introduce breakthrough innovations that push the boundaries of blockchain technology.
From the cross-border efficiency of XRP to the gas-free ecosystem of JetBolt, these tokens reflect the diverse strategies whales use to stay ahead in an ever-changing market.
FAQ About Whale Crypto
Who is considered a whale in crypto?
whale crypto refers to a person or entity that holds large amounts of crypto assets, large enough that their transactions alone can affect the market for those assets. Generally, someone who owns at least 10 percent of a particular crypto asset can be considered a whale.
What is meant by whale activity in crypto?
whale Crypto is an individual or entity that owns large amounts of crypto assets. They may have an influence on the price and liquidity of crypto assets. The activities of these entities are watched by the crypto community for their potential to influence the market.
How do whales affect crypto?
Cryptocurrency whales can impact crypto market liquidity and increase price volatility through changes in the supply of crypto assets. For example, because whales often hold crypto assets for long periods of time without making transactions, they create a shortage of circulating crypto assets.
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Reference:
Coinspeaker, article Coinspeaker, accessed November 26, 2024
Crypto News Flash, artikel Crypto News Flash, accessed November 26, 2024
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