The “Whales Are Coming” rally is expected for these 4 cryptocurrencies!


As the whales pour into this altcoin, all three cryptocurrencies are showing bullish signals. Analysts shared expectations of the increase and the reasons for the aforementioned digital assets.

This cryptocurrency is in a whale invasion

Binance Coin gives several reasons that indicate the existence of a market base. According to analysts, investors are expected to keep the altcoin on their watchlists throughout the summer. The bulls are moving towards the previous highs set in late May. However, the price of BNB is starting to show signs of strength. Binance Coin is nowhere near the previous high sales levels of most cryptocurrencies in the space. Therefore, it appears to be the market leader in terms of superior performance. The price of the cryptocurrency is currently at auction at $ 327. That is, it’s just a few dollars behind the $ 338 price tag on May 26. Auction market theory suggests that a significant amount of liquidity is placed above the spring high. It also suggests that market makers are likely aiming to increase volatility at those levels.

Whales are coming to this cryptocurrency

Additionally, Santiment’s on-chain analytics tools support the idea of ​​a potential bull run. Circulation data over the past 365 days shows that Binance Coin’s circulating supply has experienced a significant decline. You can see the data in the chart above. The last time BNB saw such an illiquid market was on July 17, 2020. At that time, the price of BNB was trading at $ 16.00. The cryptocurrency price has the potential to trigger a bigger wave with a conservative $ 470 target. However, an expanding target to $ 700 is also possible if the FOMO frenzy kicks in. Investors should wait until further evidence to support the macro thesis emerges in the coming weeks. The invalidity of the bullish thesis will be revealed if it falls to $ 180.

Major cryptocurrencies Bitcoin are reporting a rally

Bitcoin (BTC) hasn’t had a good week so far, especially with all the high inflation news from all the major economies. That said, news from Iran has the potential to help bring the best cryptocurrency forward during the week. The news shows that the country has imported the first batch of cryptocurrency goods. This is very important, as there is validation for Bitcoin as a means of payment. This is likely to create FOMO around Bitcoin. Especially now Bitcoin is holding strong above $ 20,000.

Ethereum can start the new week with bullish momentum

Ethereum (ETH) is one of the cryptocurrencies that has the potential to make big moves during the week. As we have reported, this has to do with news of a possible fork ahead of the Ethereum Merge update. It is possible that this is the last chance for investors to buy before the merger. At the same time, there are many expectations that Ethereum’s value will rise after the merger. This is because the update carries a lot of expectations regarding Ethereum’s scaling issues reduction and Ethereum’s general gas tariffs. All of this combined with Ethereum’s price volatility over the past few days. Therefore, ETH revealed that it could see record gains during the week.

Axie Infinity will likely make big gains

Axie Infinity (AXS) rounds out the list of major cryptocurrencies likely to be successful this week. This is because AXS is currently trading 90% lower than its most recent highs. However, the price of AXS is on the rise and most investors have recently seen an improvement in the price. The data shows that only 22% of all AXS traders are currently at a loss. As more traders become profitable, it is possible to see AXS FOMO and see gains within the week.

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