ALPACA Successfully Breaks the Price of $0.24

Bittime - ALPACA reached a price of $0.24 despite a large sell-off of Bitcoin by whales, showing resilience and investor confidence. Check out the complete description below!

ALPACA Successfully Breaks the Price of $0.24

The price of the ALPACA token, which is part of the decentralized finance platform Alpaca Finance, has reached $0.24. Although the crypto sector has recently experienced a significant shift, this bull run shows positive momentum in the market.

Triggers for ALPACA Price Increases

According to a TechFlow News report, ALPACA's price increase occurred amidst a sell-off by a large whale in the Bitcoin market.

The whale sold 300 Bitcoins or about $18.25 million within 40 minutes before the price of ALPACA reached the $0.24 level.

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Analysis of Bitcoin Transactions by Investors 2024

The big investor previously bought 855 Bitcoins in July for $63,878, or about $54.6 million. However, after the market crash on August 5, he sold 297 Bitcoins for a loss of around $15.8 million.

Now selling 300 Bitcoins again for a total loss of $4.8 million. At this time, the whale still owns 259 Bitcoins, or about $15.74 million.

Impact of ALPACA Price Increase on the Market

These big moves from whales impact Bitcoin prices and market sentiment. The price of ALPACA was still able to penetrate the price of $0.24, it shows investors' confidence in the Alpaca Finance project, even though there was a lot of selling in the Bitcoin market.

Conclusion

Although ALPACA price rose to $0.24 as Bitcoin whales staged a massive sell-off, this shows that investors still have confidence in the Alpaca Finance project. 

Although these large whale movements had a negative impact on the Bitcoin price and overall market sentiment, ALPACA managed to show resilience and positive momentum in the market. 

This shows that, despite market volatility, non-profit financial initiatives like Alpaca Finance continue to attract investors.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

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