How Whales Are Influencing the Market: Bitcoin & BlockDAG Network “Top Choices for Whales in 2024”

Quick Summary:

Detailed transactions comprised 1,531 Ethereum (ETH), 603,000 PancakeSwap (CAKE), 94 billion Shiba Inu (SHIB), 70,680 Uniswap (UNI), and 581,000 Curve DAO (CRV).  In addition another altcoin experiencing significant capital inflow from whale investors is BlockDAG Network whose pre-seed funding space is witnessing transactions that range between $500,000 to $1 million per day.  BlockDAG Network has emerged as a top choice for whales in 2024 because of its innovative "Smart-Mining" approach, particularly through its X1 Miner App which, in the last week, has attracted significant interest.

Why Whales Are Targeting Bitcoin and BlockDAG Network The concerted actions of whales in the cryptocurrency market can be interpreted as a strategic positioning in assets they believe will yield substantial returns.

Whale Activities in the Cryptocurrency Market Signal Potential Shifts in crypto-hierarchy, positioning BlockDAG Network one step closer to Bitcoin.

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Article Details

Author / Journalist: BlockDAG Network

Category: Technology

Markets: China

Topics: Bitcoin Activities Significant Whale Transactions Whales Potential Cryptocurrency Market Blockdag Investors

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-17 @ 16:00:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 646 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © GlobeNewswire

News ID: 21285474

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