The cryptocurrency market has slipped into the red zone as investors await the upcoming U.S. Federal Reserve meeting scheduled for July 30. While Bitcoin is trying to hold steady near its recent all-time highs, several altcoins like ADA, BNB, DOGE, and HYPE have dropped by around 3%.
The cryptocurrency market has slipped into the red zone as investors await the upcoming U.S. Federal Reserve meeting scheduled for July 30. While Bitcoin is trying to hold steady near its recent all-time highs, several altcoins like ADA, BNB, DOGE, and HYPE have dropped by around 3%.
Still, whales are showing strong interest in some altcoins. four coins that are currently being closely watched by these large holders.
While Ethereum was expected to be the star, new data shows that top Ethereum holders are actually selling, while top Cardano holders are buying more.
Crypto analyst Ali Martinez said that Cardano could soon hit $1, especially since it’s already trading above $0.80, which is almost double its price from last year. Even though ADA is slightly down this week, whales are buying the dip.
Chainlink is also making heads turn. Whales recently bought 1.6 million LINK, spending about $29 million. According to Martinez, LINK is in a bullish setup, which means its price could soon jump to $22 or even $28.
In total, whales have scooped up over 8 million LINK, worth around $144 million. Chainlink helps over 77% of DeFi projects on Ethereum work safely through its oracle system. It’s also part of the Genius Act project, which supports stablecoins, making it even more valuable in the eyes of investors.
Ondo Finance is a top project in the real-world asset (RWA) sector, and it’s been having a strong few weeks. In the last month alone, ONDO is up 27%, now trading just below $0.99.
There has also around ONDO, with large investors moving tokens from exchanges to private wallets. In the last 24 hours, ONDO saw a 20.45% increase in holdings by crypto whales.
ONDO’s all-time high was $2.40, and the analyst could soon reclaim that level. For now, $1 is the next target, but the momentum shows there’s room to grow.
HBAR is also in the spotlight, especially after its recent listing on Robinhood on July 26. The listing helped push HBAR’s price up by 12% to $0.265 before a slight pullback.
What makes Hedera even more interesting is its list of backers. It’s supported by some of the biggest names in tech, including Google, IBM, Boeing, and LG. Before its Robinhood debut, While retail interest may have cooled a bit, in HBAR, and the project is holding strong while other altcoins are facing slowdowns.
