Whales have a significant and pervasive impact on the Bitcoin market. In addition to factors such as government regulations, investing cycles, anxiety, and price volatility, the acts of crypto whales have a negative impact on cryptocurrencies.
Since the decline of the cryptocurrency market, the majority of news coverage has focussed on Crypto whales. The most important reason for this is that even though they were Crypto whales, their primary objective was to collect Shiba Inu.
The introduction of SHIB’s inventors to the Metaverse spurred these whales to investigate the viability of the coin. Consider that despite the fact that Ethereum is likely one of the most valuable cryptocurrencies currently available, its price has been extremely volatile over the past few months due to the drop in Bitcoin’s value and the collapse of the Terra ecosystem.
Even while SHIB is not a perfect example of a lucrative cryptocurrency, its recent actions have unquestionably made it more appealing to crypto market whales.
However, Shiba Inu is not the only cryptocurrency that whales are interested in; they also favor other cryptocurrencies.
Following is a comprehensive list of the top 10 new cryptocurrencies that Crypto whales are buying right now, which you should also consider accumulating.
Prime 10 New Cryptocurrencies Crypto Whales are shopping for Proper Now
Until now, buyers of popular meme currencies such as Doge and Shiba Inu have made significant profits. However, purchasers are already hunting for new cryptocurrencies with the potential for rapid growth. Tamadoge (TAMA) is the newest addition to the doge group. The utility token of the Tamaverse.
The “play-to-earn” (P2E) mechanism on Tamadoge allows players to win prizes on the website. This is in stark contrast to Dogecoin, whose success will depend on social media. Tamaverse customers will be able to create Tamadoge pets, breed them, and trade them via DeFi protocols and NFT capabilities.
Tamadoge pets are unique characters within the game that may be acquired using NFT tokens from the Tama Shop. The purpose of the game is to control a variety of Tamadoge pets and allow them to compete against those of other players. The greatest players on the Metaverse’s leaderboard are awarded TAMA cryptos and dogepoints.
The TAMA ERC-20 token is utilized to settle transactions, purchase Tamadoge puppies, and reward ecosystem participants. With a supply limit of two billion tokens, TAMA is a deflationary asset. 5% of all the money spent on Tamadoge pets and other items at the Tama store is burnt.
Therefore, the creators of TAMA aim to limit the number of tokens that can be created. This could make TAMA more valuable over time.
Beginning in the third quarter of 2022, 50% of the total supply of TAMA will be acquired during the presale period. According to the Tamadoge proposal, twenty percent of all tokens will be listed on both centralized and decentralized markets. In the final 30% of the next decade, activities related with minting will advance.
Though this is just the beginning of the Tamaverse, its designers intend to expand it in the future by releasing an Augmented Reality (AR) application. Because it is now undervalued, Tamadoge is currently one of the best cryptocurrencies to invest in. Extra Metaverse partnerships and new P2E deployments are deliberate.
2. FTX Token
The native token of the bitcoin trading platform is designated by the symbol FTX. Futures traders have recently flocked in large numbers to this alternative. It is general knowledge that FTX is the fourth-largest cryptocurrency based on the volume of transactions.
Typically, Crypto whales would utilize the FTX exchange since it provides them the opportunity to earn prizes that can help them advance their position in the FTT. Among crypto whales, the FTX coin is somewhat popular for a variety of reasons, including this one.
Crypto whales exhibit a great deal of interest in Chainlink. In terms of trading volume, cryptocurrencies surpassed other tokens in the year 2021.
During a period of twenty-four hours in 2021, Crypto whales acquired and sold a rapidly increasing number of LINK tokens, resulting in an increase in the cryptocurrency’s popularity and market dominance.
Several sources suggested that, as of March 2022, Crypto whales owned an aggregate value of over $400 million US dollars’ worth of Tether. However, shortly thereafter, after the de-peg of TerraUSD, wealthy ETH whales abandoned USDT as their preferred cryptocurrency.
Despite this, USDT is regaining its lost reputation among crypto whales due to its stability and resiliency during some of the market’s most turbulent periods.
A handful of crypto whales have even invested in Polygon, as the value of their MATIC token holdings approaches $380 million USD.
Polygon is an addition to the Ethereum blockchain that enables it to function as a multichain community. Polygon is a subordinate cryptocurrency that may be created on the Ethereum network.
6. USD Coin
When Terra failed, the crypto whale group began considering USDC as an alternative funding option. USDC is the second-largest stablecoin on the market, and recent data indicates that USDC has become the cryptocurrency of choice for whales.
The fact that USDC has become the second-largest cryptocurrency transaction on the Ethereum blockchain demonstrates this. Due to the failures of UST, USDT initially incurred a loss of approximately $10 billion, but because the operation of the cryptocurrency market is dependent on the attitudes of purchasers, USDC became immensely popular among crypto whales.
Whales are also interested in game currencies, with Decentraland serving as an illustration. Several of the wealthiest ETH whales currently hold the Decentraland token, which has quickly become one of the most important Metaverse tokens.
According to news reports from November 2021, ETH whales have invested in no other cryptocurrency but Decentraland in the past week. These investments are exclusive to the Decentralized State. This pattern persisted until the year 2022, insofar as MANA grew in tandem with the rising popularity of the Metaverse.
8. Axie Infinity
Axie Infinity is another game token that ETH whales have been accumulating.
The AXS token’s features have also been extended to the Metaverse, making it more appealing than a number of other great cryptocurrencies due to its increased versatility.
9. The Sandbox
As a result of a collaboration between The Sandbox and Commonplace Chartered Financial institution, customers of The Sandbox’s digital atmosphere were provided with an experience that was each immersive and progressive.
Due to the crisis in the cryptocurrency market, the value of the Sandbox plummeted, and ETH whales began to accumulate an increasing number of SAND tokens in order to profit from the Sandbox’s advantages when the value of ETH increased.
10. Shiba Inu
Shiba Inu consistently ranks as one of the most popular choices among the wealthiest Crypto whales. The fact that the top 100 Crypto whales possessed Shiba Inu as of May 2022 has had a direct impact on the cryptocurrency’s image and growth.
The SHIB token had the most number of views in 2021, exceeding even large cryptocurrencies such as Bitcoin and Ethereum.
The financial community has shown quite an amount of support for the cryptocurrency’s Metaverse activities, as it continues to pose formidable threats to cryptocurrencies such as Dogecoin and Solana.