Bitcoin
BTC$42 435.30

-3.82%

Ethereum
ETH$2 898.43

-7.49%

Cardano
ADA$2.23

-0.57%

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0.09%

Binance Coin
BNB$352.49

-7.00%

XRP
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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

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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap Volume 24h
1 Bitcoin (BTC) BTC Bitcoin predictions 86% 27 $42 435.30 -3.82% -10.67% $798 843 453 346 $41 875 933 869
2 Ethereum (ETH) ETH Ethereum predictions 74.8% 50 $2 898.43 -7.49% -16.63% $341 018 107 532 $25 119 846 328
3 Cardano (ADA) ADA Cardano predictions 64% 78 $2.23 -0.57% -6.34% $71 411 624 055 $5 734 484 720
4 Tether (USDT) USDT Tether predictions 96% 1 $1.001440 0.09% 0.11% $68 691 485 942 $92 416 325 974
5 Binance Coin (BNB) BNB Binance Coin predictions 60.8% 78 $352.49 -7.00% -14.45% $59 266 206 180 $2 064 251 017
6 XRP (XRP) XRP XRP predictions 75.2% 48 $0.932568 -6.42% -12.98% $43 567 385 538 $4 641 985 825
7 Solana (SOL) SOL Solana predictions 63.2% 83 $139.49 -5.82% -1.32% $41 467 489 552 $4 041 527 553
8 USD Coin (USDC) USDC USD Coin predictions 91.6% 1 $1.000761 0.07% 0.05% $30 432 510 822 $3 991 490 878
9 Polkadot (DOT) DOT Polkadot predictions 62.8% 74 $30.77 -2.94% -9.08% $30 391 187 124 $3 785 910 016
10 Dogecoin (DOGE) DOGE Dogecoin predictions 65.2% 78 $0.208918 -6.33% -14.44% $27 455 953 723 $2 219 973 271
11 Avalanche (AVAX) AVAX Avalanche predictions 63.2% 82 $73.45 -4.25% 12.05% $16 179 548 858 $2 391 193 014
12 Terra (LUNA) LUNA Terra predictions 68.8% 61 $34.85 -2.03% -0.58% $13 942 018 660 $2 307 928 114
13 Binance USD (BUSD) BUSD Binance USD predictions 95.6% 1 $1.000668 0.05% 0.05% $13 477 216 401 $6 991 450 944
14 UniSwap (UNI) UNI UniSwap predictions 65.2% 74 $19.64 -8.12% -20.80% $12 010 497 802 $461 226 982
15 Chainlink (LINK) LINK Chainlink predictions 68% 64 $22.80 -7.36% -19.93% $10 361 191 269 $1 641 630 892

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