The cryptocurrency market is currently experiencing a phase of accumulation, with whales gradually accumulating tokens across various assets. This accumulation phase is accompanied by high trading volumes, indicating that the price may soon rise. It is an important period for traders to observe.
The most recent assets in the accumulation phase include XDC, NCT, WELL, APX, CVC, WING, ONDO, FIDA, W, and CHZ. These assets are showing signs of being accumulated, suggesting potential price increases in the near future.
APX Finance (APX), Civic (CVC), and Ondo (ONDO) are emerging opportunities in the market. APX Finance is a decentralized finance platform that offers trade and asset management services. With a market capitalization of $15.51M, it has been in the accumulation phase for 8 days and is attracting interest from whales.
Civic (CVC), with a market capitalization of $135.90M, has been in the accumulation phase for 10 days. Ondo (ONDO), with a market capitalization of $1.10B, has a 13-day accumulation period. Whales are paying attention to Ondo due to its large size and focus on offering institutional quality products.
XDC Network (XDC) and PolySwarm (NCT) are early movers in the accumulation phase. XDC Network, a dual-layered blockchain focusing on trade finance, has a market capitalization of $408.70M. PolySwarm, which leverages blockchain for cybersecurity solutions, has a market capitalization of $34.62M.
Moonwell (WELL) and Wing Finance (WING) have shown potential in the decentralized finance (DeFi) sector. Moonwell, with a market capitalization of $169.72M, has been accumulating for a week, indicating optimism for DeFi and financial systems. Wing Finance, with a market capitalization of around $23.44M, has been in the accumulation phase for 11 days, reflecting high expectations for DeFi platforms focused on growth and transparency.
SNS (FIDA) and Wormhole (W) are tokens that emphasize infrastructure and interoperability. SNS has a market capitalization of $54.70M and has been accumulating for two weeks, showcasing confidence in its role as a liquidity provider. Wormhole token, with a market capitalization of $759.32M, has been accumulated for 16 days, driven by increasing interest in its interoperability solutions.
Chiliz (CHZ), with a market capitalization of $665.71M, has been in the accumulation phase for 18 days. As the world’s premier fan tokens platform, Chiliz allows sports entities to issue tokens and engage their fans. The accumulation suggests that whales anticipate more fan tokens to be bought and sold in the future.
The accumulation of tokens by smart money and whales provides insights into market trends and potential price movements. Retail investors can use these accumulation patterns, such as those of APX, CVC, and ONDO, to identify possible breakout points.
It is important to closely monitor market shifts and the buying patterns of whales in the volatile cryptocurrency realm. These observations can be valuable in navigating the unpredictable nature of the crypto market.
