Bitcoin
BTC$42 499.74

-1.69%

Ethereum
ETH$3 240.18

-3.24%

Binance Coin
BNB$471.64

-5.87%

Tether
USDT$1.000291

-0.01%

Cardano
ADA$1.48

4.97%

USD Coin
USDC$0.999982

0.02%

Crypto Markets Move For A Reason


29 May 2019

#Bitcoin

Crypto Markets Move For A Reason Unless the Ghosts are driving it


There are times when market movements seem mysterious, especially when no one can explain the reason behind it. However, we have also seen that many times, the crypto market moves as a result of an event. When any sensitive situation arises, it triggers the actions of the players to be bearish or bullish. However, whales and large accounts have upturned the conditions of the market. Their recent actions have become an indicator to understand what the future holds for crypto prices.

Whales Actions Shook the Market For April Surge


The report we got on whales activities is revealing that the April surge was due to large transactions in the market. Let’s recall that the market cap increased by 30% to move from $140 billion - $180 billion. We got a report on the 2nd of April that more than 6 million trades took place in that hour of the surge.

From what we’ve gathered so far, the main market where the surge started was the Asian crypto exchanges. According to expert analysis, the whales were responsible for the sudden interest of crypto holders who were dormant in 2018. Up to 10 percent of BTC wallets were not active, but in April, every wallet became active once again.

Large Accounts May Have Triggered Surge


Experts’ analysis also indicates that large accounts contributed to the surge in April as well. For instance, a transaction of $1million occurred during the ending of April. A little digging revealed that the service which got the money was Roobee, an investment service on blockchain tech.

According to what is gathering from the press, the company is now facilitating IEO on many Asian exchanges. We are not surprised by this development. Let’s recall that the low demand of ICOs and the negative occurrences in the market suddenly changed. It lasted from 2018 until the first quarter of 2019. All of a sudden, everything changed in April. We have also learned from the available data that Whales prefer IEOs to ICOs. That’s why the Roobees co-founder suggested that IEOs are now the favorite of many big investors.

Good Opportunities For Retail Investors


The good news is that the company wants to offer the same investment opportunities to retail clients. All those high-security and viable opportunities which the whales enjoy will now get to retail investors.

Meanwhile, IEOs are on the rise. This market mechanism enables startups to avoid the trouble they pass through looking for an exchange to list their cryptos.  From the information available, more than 50 projects have hosted one. This fundraising method protects the startups as it necessitates an authentication process.

One of the whales stated that the crypto market recovery is nearer than many investors think. According to the whale, large funds and regulations will contribute towards the growth of the sector. They are also of the opinion that large business and financial developments will push the crypto industry forward. Many of the participants in the industry hope so too.

Author: Ali Raza for Crypto-Rating.com

Related

Cryptomarket changing landscape
Cryptomarket changing landscape
Cryptocurrencies rebounded as part of a general downward trend
Cryptocurrencies rebounded as part of a general downward trend
Expert warns higher inflation could whip BTC price to $30K
Expert warns higher inflation could whip BTC price to $30K
Bitcoin continued its downward trend
Bitcoin continued its downward trend
Trade For More, with multiple fees slashed to zero on all crypto CFDs
Trade For More, with multiple fees slashed to zero on all crypto CFDs
Bitcoin reaches for $47K as analysts agree BTC price consolidation cannot last
Bitcoin reaches for $47K as analysts agree BTC price consolidation cannot last
Bitcoin dips below $47K as US dollar surge dampens BTC price performance
Bitcoin dips below $47K as US dollar surge dampens BTC price performance
Bitcoin holdings of public companies have surged in 2021
Bitcoin holdings of public companies have surged in 2021
Bitcoin has risen 7%–36% in the first week of January each year since 2018
Bitcoin has risen 7%–36% in the first week of January each year since 2018

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 71.2% 55 $42 499.74 -1.69% 3.90% $804 612 153 299 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 67.2% 67 $3 240.18 -3.24% 7.66% $386 221 666 258 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 71.2% 55 $471.64 -5.87% 13.52% $78 669 453 462 BNB 7 days price change
4 Tether (USDT) USDT Tether predictions 93.6% 1 $1.000291 -0.01% 0.01% $78 422 379 350 USDT 7 days price change
5 Cardano (ADA) ADA Cardano predictions 74.8% 53 $1.48 4.97% 33.24% $49 641 760 562 ADA 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 92.8% 1 $0.999982 0.02% -0.02% $45 408 574 979 USDC 7 days price change
7 Solana (SOL) SOL Solana predictions 60.4% 78 $142.41 -5.01% 7.28% $44 738 935 131 SOL 7 days price change
8 XRP (XRP) XRP XRP predictions 71.2% 58 $0.760679 -2.17% 5.13% $36 256 323 649 XRP 7 days price change
9 Terra (LUNA) LUNA Terra predictions 71.6% 59 $80.99 -5.64% 18.07% $29 003 031 725 LUNA 7 days price change
10 Polkadot (DOT) DOT Polkadot predictions 75.6% 53 $26.06 -6.24% 12.03% $25 733 903 487 DOT 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 75.2% 46 $0.168009 -5.80% 17.84% $22 289 819 399 DOGE 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 65.6% 76 $88.17 -6.02% 6.34% $21 545 510 909 AVAX 7 days price change
13 Polygon (MATIC) MATIC Polygon predictions 70.8% 54 $2.27 -2.65% 14.59% $16 595 998 407 MATIC 7 days price change
14 SHIBA INU (SHIB) SHIB SHIBA INU predictions 72.8% 59 $0.000029 -5.71% 7.80% $15 821 241 817 SHIB 7 days price change
15 Binance USD (BUSD) BUSD Binance USD predictions 94% 1 $1.000713 0.14% -0.01% $14 457 507 802 BUSD 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2022 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.