As in any investment, its essential for investors and enthusiasts to appreciate the importance of diversification. While Bitcoin dominance continues, a vast sea of alternative coins, or altcoins, has emerged, each with its unique features, potential, and risks. Lets navigate this altcoin ocean and get empowered to make informed decisions and strategically diversify your crypto portfolio.

Altcoins, short for alternative coins, are all other digital assets other than Bitcoin. While Bitcoin was the first and most well-known cryptocurrency, altcoins emerged as alternatives with their own unique features, technologies, and use cases. Altcoins can vary significantly in terms of their underlying blockchain technology, functionality, and purpose. They serve various purposes, and new altcoins spring up to solve predecessor shortfalls. Many altcoins are created as tokens to support specific projects or platforms. Some altcoins aim to address limitations or shortcomings of Bitcoin by introducing new features, such as faster transaction times, enhanced privacy measures, or more advanced smart contract capabilities. Altcoins cater to specific industries or sectors. For example, there are altcoins focused on AI, non-fungible tokens (NFTs), gaming, and DeFi. Stablecoins are altcoins striving for a stable value. Some altcoins serve as governance tokens, allowing their holders to participate in decision-making processes.

A prudent strategy for managing risk and maximizing potential returns is by diversifying your crypto portfolio. Start by educating yourself about various cryptocurrencies beyond Bitcoin. Explore different altcoins, their underlying technologies, use cases, and the fundamentals and potential of each cryptocurrency before considering it for your portfolio.

Define your investment goals and risk tolerance and determine your investment objectives and what you are comfortable with. This will guide your decision-making process and help you select cryptocurrencies that align with your goals. For example, if you are seeking bundled AI solutions, you may focus on AI crypto with strong fundamentals and potential for adoption, like Avorak AI.

Allocate your investments across different categories, including large-cap cryptocurrencies (such as Bitcoin and Ethereum), mid-cap altcoins with promising technology or partnerships, and smaller-cap coins with higher growth potential.

Spread investments across multiple cryptocurrencies and avoid putting all your eggs in one basket. This helps spread the risk and reduces the impact of any single coins performance on your overall portfolio. Consider diversifying across different sectors or industries within the crypto market to minimize exposure to any single sectors risks.

Regularly review and rebalance your portfolio, as the crypto market is dynamic, and the performance of different cryptocurrencies can change over time. Regularly adjust your allocations if necessary. Rebalancing can involve selling some holdings and investing in new ones to maintain your desired diversification ratios.

Finally, stay informed, focus, and keep learning as the crypto market is constantly evolving, with new projects and technologies emerging regularly. Stay up-to-date with market trends, news, and developments within the crypto industry and adapt your investment strategy accordingly. Remember, diversification into promising projects like Avorak can help manage risk and potentially improve your chances of success in the volatile crypto market.

Avorak AI is a promising new project bringing advanced utility to the crypto space. It deploys advanced tools to help in customer service, crypto trading, content generation, image creation, etc. Avorak Write tool addresses challenges of the existing AI tools and introduces editing, proofreading, and auto-correcting text before producing the final copy. It achieves this through advanced API and pre-written language banks.

Avoraks ICO performance, currently in phase seven, makes the project a valuable altcoin to invest in this year. A 325% price rise makes the project a gem worth considering. AVRK, going at $0.255, provides benefits to its early investors through bonuses and privileges. The discounted token price will increase toward $1 at launch, and four exchanges have confirmed AVRKS listing.

Whether your goal is a long-term investment, short-term trading, or simply expanding your understanding of the crypto market, its crucial to understand that Bitcoin is not the only option available for investment. Altcoins offer a wide range of opportunities, from innovative blockchain technologies to utility-focused tokens like Avorak AI.

Learn more on Avorak AI here:

Website: https://avorak.aiBuy AVRK: https://invest.avorak.ai/register

Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice.Thecoinrepublic.comdoes not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post.Thecoinrepublic.comis and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.

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Navigating the Altcoin Ocean: A Beginner's Guide to Diversifying ... - The Coin Republic

After weeks of trading sideways, the cryptocurrency market is beginning to show signs of bullish momentum. Spotting these signs, popular crypto analysts have dropped updates concerning Litecoin (LTC) while giving their predictions for the already bullish Tradecurve. In this article, we will discuss different updates about Litecoin and a potential direction for Tradecurve.

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After leading the sideways trading for more than two weeks, crypto analysts have confirmed a bullish momentum brewing for Litecoin. The reason for the bullish sentiment about Litecoin is the upcoming halving along with increasing on-chain metrics. Over the last 48 hours, Litecoin has recorded an increase in trading volume as investors anticipate the Litecoin blockchain halving.

Michal van de Popp, a very popular crypto trader, and analyst tweeted that Litecoin (LTC) was fighting the 200-moving average and exponential moving average on the Weekly timeframe. According to the analyst, Litecoin (LTC) is primed for a price outbreak, especially as the halving approaches.

Litecoin (LTC) currently trades at $94.52 at the time of writing, increasing by 9.4% over the last week. The first course of action would be for Litecoin (LTC) to break the $100 resistance, then look forward to $115. The Litecoin halving an event that happens every four years to reduce the number of LTC issued as block rewards is expected to happen in August 2023.

The crypto analysts are also very bullish about Tradecurve a new decentralized trading platform that will give traders access to all the assets they need from a single account including crypto, stocks, options, CMDs, ETFs, and more. They will also be able to trade all these global financial assets using the cryptocurrency in their wallets as leverage.

The analysts are bullish about Tradecurve because he believes that the wide range of assets supported by the platform will attract a host of traders from other competing platforms in and outside the crypto space.

Another reason is that Tradecurve combines the $632 trillion over-the-counter (OTC) derivatives market, the forex market with a $7.5 trillion daily turnover, with the fast-growing cryptocurrency market, giving it the potential for exponential growth. Tradecurve will also spot unique features including negative balance protection, very low fees, high leverage starting from 500:1, algorithmic trading, copy trading, and a metaverse academy.

In comparison to Litecoins 9.4% price increase, the price of Tradecurve (TCRV) increased by more than 25% as it entered the third stage of its presale. Going forward, the sentiments are even more bullish as experts predict a 50x price jump during the TCRV presale and up to 100x when the platform launches. You can join the presale where 1 TCRV sells for $0.015, making it a great investment option. Already, the investors have stacked up millions of TCRV tokens as the project seeks to raise $20 million to launch its revolutionary platform.

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Crypto Analysts Give Altcoin Update, Litecoin and Tradecurve ... - Blockzeit

As May draws close, the macroeconomic landscape becomes the center of attention, with the United States debt ceiling deal already causing significant ripples.

The anticipation of an imminent agreement to raise the debt ceiling and avert a potential U.S. government default brings a glimmer of hope for risk assets like Bitcoin across the board. Amidst this backdrop, lets see whats happening in the crypto market this week.

Uncertainty looms as storm clouds gather on the horizon, accompanied by many pessimistic predictions. Interest rates have surged to unprecedented levels in decades, several banks have faced collapse, and the debate surrounding the debt ceiling remains unresolved.

The question arises: are we heading towards a meltdown reminiscent of the 2008 financial crisis? During that time, the term credit crunch became part of everyday vocabulary, and there are indications that it may, unfortunately, stage a disheartening comeback.

But what exactly is a credit crunch, and could it evolve into its more severe counterpart, a credit crisis?

A credit crunch denotes an economic situation where obtaining investment capital becomes arduous. Traditional financial institutions, including banks, have become cautious about lending funds to individuals and businesses due to concerns over potential defaults. Consequently, interest rates rise to compensate lenders for assuming a higher risk.

The repercussions of a credit crunch permeate the entire economy, leading to a decline in homeownership rates and forcing businesses to curtail their activities due to a scarcity of capital.

Typically, a credit crunch results in a protracted recession or a slower recovery due to the credit supply contraction. The future of events remains uncertain, and we can only patiently await its unfolding.

Meanwhile, Hong Kong is preparing to legalize cryptocurrency trading for retail investors on June 1st. Many expect that there will be substantial inflows into cryptocurrencies favored by East Asian investors, leading some cryptocurrencies to experience surges in anticipation. However, there is a hurdle to overcomeHong Kong authorities have yet to approve any cryptocurrency trading platforms, potentially delaying immediate access for retail investors.

There is an important caveat: retail investors will only be allowed to invest in cryptocurrencies with significant market capitalization, specifically those listed on at least two established exchanges (i.e., cryptos with at least two ETFs).

Although Hong Kong authorities have not specified which cryptocurrencies will qualify, various lists have been circulating, suggesting that $BTC, $ETH, $LTC, $DOT, $BCH, $SOL, $ADA, $AVAX, $MATIC, and $LINK likely meet the criteria.

Another significant event expected to occur on June 1st is either a technical debt default by the United States or an increase in the debt ceiling by U.S. politicians. Treasury Secretary Janet Yellen has repeatedly emphasized the June 1st deadline recently.

However, she announced a new deadline of June 5th late last week. As of yesterday, top U.S. politicians reached a tentative agreement to raise the debt ceiling, although it still awaits voting in the coming days. Whether the vote will pass or not remains unclear.

Moreover, the impact of raising the debt ceiling on the markets is also uncertain. While its increase seems to have triggered a rally, it may also deplete market liquidity. Additionally, there could be unforeseen geopolitical events on the horizon.

Escalation in the ongoing conflict in Ukraine and speculation about President Biden signing an executive order restricting investment in specific Chinese industries, notably AI, add to the list of potential black swans.

Undeniably, we live in unparalleled times, and this volatility may persist until the end of the decade, if not longer. However, if navigated wisely, these crises could present extraordinary opportunities.

According to data from the Federal Reserve, approximately 1 in 10 Americans are cryptocurrency users. The Economic Well-Being of U.S. Households in 2022 report reveals that crypto holders are more likely to be adults with incomes of $100,000 or more who view crypto as an investment. On the other hand, Americans with incomes below $25,000 are more likely to use cryptocurrencies for financial transactions, especially among the unbanked population.

With slightly over a year remaining until the 2024 presidential elections, numerous politicians from both major parties have announced their candidacies. Currently, ten notable politicians have declared their intentions, with three Democrats and seven Republicans among them. Notably, President Biden and former President Trump have also expressed their candidacies.

Although many expect the election to revolve around these prominent figures, recent challenges faced by the United States regarding crypto regulation, central bank digital currency (CBDC) adoption, and the debt ceiling crisis present a unique opportunity for pro-crypto candidates to seize the spotlight.

Crypto is recognized as a bipartisan issue in the United States. The current administrations regulatory approach has faced criticism for potentially stifling innovation, and states like Florida have resisted the introduction of CBDCs within their jurisdictions.

Moreover, in a country where nearly 20% of the population owns crypto, candidates positions on digital assets, including cryptocurrencies and CBDCs, significantly influence the choices of potential voters. A Grayscale survey from last year highlighted that over 38% of potential US midterm election voters considered candidates stances on crypto policy.

Furthermore, Bitcoin maximalists like former Coinbase CTO Balaji Srinivasan believe an unlikely event, such as a US sovereign debt default, could increase demand for alternative currencies like BTC.

Srinivasan suggests that the right to hold alternative currencies could become a prominent political issue in such a scenario.

Presently, only six out of the ten notable presidential candidates have defined stances on cryptocurrencies: Joe Biden (D), Robert F. Kennedy Jr. (D), Donald Trump (R), Ron DeSantis (R), Tim Scott (R), and Vivek Ramaswamy (R).

Among these six candidates, both Biden and Trump hold anti-crypto positions. The Biden administration has proposed a 30% tax on electricity costs for Bitcoin miners and criticized crypto traders as wealthy tax cheats exploiting tax loopholes. Despite licensing his image for NFT collections last year, Trump has referred to cryptos as a scam with volatile value based on thin air.

Meanwhile, Kennedy Jr., DeSantis, Scott, and Ramaswamy stand out in the pro-crypto camp. While Kennedy Jr. and DeSantis have opposing views, they have campaigned against CBDCs and expressed support for Bitcoin and digital assets.

Additionally, Ramaswamy and Kennedy Jr. have stated their willingness to accept BTC for campaign donations. Scott aims to develop a regulatory framework for digital assets that safeguards consumers while fostering innovation. Lets look at the on-chain metrics.

Bitcoin surged above $28,000 at the start of the week following the U.S. debt ceiling issue resolution. However, despite this short-term positive development for the markets, the liquidity outlook has taken a turn for the worse. Several factors contribute to this situation.

Firstly, there are indications of accelerating U.S. inflation, accompanied by strong corporate earnings and a tight labor market. These factors have raised the probability of an 11th consecutive interest rate hike in June to 55%, a significant increase from the previous weeks 17%.

In addition, once an agreement is reached, the U.S. Treasury is expected to increase debt issuance to replenish its cash balance at the Federal Reserve. This cash balance, known as the Treasury General Account (TGA), has recently hit its lowest level since 2017.

To avoid issuing new debt after reaching the debt ceiling of $31.4 trillion on January 19, the U.S. has been utilizing its funds at the Fed.

However, replenishing the TGA will reduce liquidity within the market, amplifying the impact of the ongoing quantitative tightening measures taken by the Fed. These measures currently result in the draining of up to $95 billion per month from the market.

According to the Commitment of Traders (COT) report, asset managers have increased their open long positions in Bitcoin, reversing a trend of previous weeks.

After a decrease of 162 contracts in the previous week, asset managers added 24 contracts to their long positions.

This increase indicates a shift from an overall reduction in exposure to Bitcoin rather than being solely driven by price considerations. Additionally, asset managers also reduced their short positions by a total of 194 contracts during the same period.

The Commodity Futures Trading Commission (CFTC) regularly publishes COT data, providing insights into the open interest and trading activity of asset managers, leveraged funds, and dealer intermediaries in bitcoin futures.

Currently, asset managers account for 48.9% of the open long positions on the Chicago Mercantile Exchange (CME), and as a collective group, they are 97.25% long on Bitcoin.

In the current year, the correlation between Bitcoin (BTC) and Chinese equities, represented by the CSI 300 index, has strengthened. However, this correlation remains relatively low, hovering around 20%.

Conversely, the correlation between BTC and US equity markets has actually decreased, reaching a multi-year low in April.

One interesting factor to consider is the disparity in integration between crypto and the financial systems of China and the United States. Crypto has significantly less integration in the Chinese financial system, primarily due to Chinas stringent stance on cryptocurrencies in recent years.

The observed trend suggests that the regulatory landscape and the ongoing process of economic reopening in China are increasingly influencing market sentiment in the crypto space. The correlation between BTC and Chinese equities points towards the growing impact of these factors on the behavior and performance of the cryptoc market.

Ethereum, despite being younger than traditional payment giants like Visa, has once again demonstrated the significant impact of blockchain tech in the financial market.

Also, Ethereum has recorded an impressive trading volume of $3.01 trillion, with Visa slightly ahead at $3.08 trillion. This remarkable competition, especially amid a bearish market since mid-2022, highlights Ethereums growing influence.

This achievement showcases the widespread adoption of blockchain tech and its ability to compete with well-established players in the payment technology sector. It also dispels the notion that blockchain is solely associated with facilitating illicit activities, as scammers, drug dealers, and cybercriminals now favor digital assets over traditional finance.

Etherscan data reveals that Ethereums daily transactions reached 1,082,245 on May 28, with an all-time high of 1,932,711 transactions occurring on December 9, 2022.

Interestingly, this is not the first time Ethereum has surpassed Visa. In 2021, the blockchain network outperformed the payment giant with a trading volume of $11.6 trillion compared to Visas $10.4 trillion. Ethereums success was due to its significantly higher number of daily transactions, approximately 4.5 times more than Visas volume.

The repeated success of Ethereum in competing with Visa underscores the growing prominence and potential of blockchain tech in revolutionizing the financial landscape.

Since the unfortunate collapse of FTX last year, the crypto asset market has faced ongoing challenges in terms of liquidity. Moreover, the shutdown of the Signet and SEN fiat settlement networks in the United States significantly impacted the operational efficiency of market makers.

As a result, the market depth for ETH, which measures liquidity at different price levels, experienced a dip in March and has struggled to fully recover to pre-FTX levels, with only a 2% depth.

However, the .1% depth, which focuses on liquidity immediately around the mid-price, has surpassed pre-FTX levels as market makers regain confidence in offering liquidity within a narrow range.

Overall, the liquidity of order books has become highly concentrated on a select few exchanges since the collapse of FTX. Approximately 72% of ETHs market depth is concentrated on just five exchanges: Binance, Bitfinex, OKX, Coinbase, and Kraken.

In contrast, all other EXs (41 in total) account for only 28% of the market depth. Before the collapse of FTX, the exchange and its U.S. counterpart represented nearly 40% of the market depth.

While liquidity is consolidating among a few exchanges, there has also been a shift from the U.S.-based EXs over the past year. The share of market depth on EXs available in the U.S. has decreased to around 40%, down from its peak of 54% before the Terra collapse in May last year. Global exchanges benefit from the regulatory crackdown, attracting market makers who prefer avoiding uncertainties associated with U.S. regulations.

Looking ahead, it is likely that liquidity will continue to consolidate on a limited number of exchanges for all assets, not just ETH, as the exchange space grapples with attracting market makers during an ongoing bear market. Many expect the struggle to maintain liquidity to persist, leading to a more concentrated landscape in the crypto market.

Bitcoin miners have experienced consistent revenue growth since the beginning of the year, reaching a peak of $41.7 million on May 8th. This upward trend aligns with positive developments in crucial Bitcoin metrics, indicating the strengthening and stabilizing of Bitcoin.

One important metric, the BTC Miner Sentiment, considers the networks average hash rate, difficulty, mined blocks, and block rewards. This metric has consistently shown an upward trajectory, reflecting the overall improvement in the Bitcoin network.

The networks hash rate directly influences Bitcoins security, while the network difficulty measures the level of challenge miners face. The number of mined blocks and block rewards directly impact miners earnings. However, it is essential to note that the anticipated halving of the Bitcoin block reward in 2024 may impact miners profits.

Despite the potential challenges posed by the upcoming halving, current forecasts suggest continued revenue growth for miners and resilience in the network in the short term. This positive outlook underlines Bitcoins core strength and ability to adapt, solidifying its position as a leading cryptocurrency with long-term viability.

The amount of BTC miners sent to exchanges has shown a clear downward trend, as indicated by both the 365-day moving average and the 7-day moving average. These averages have steadily declined since the last bull run, suggesting a shift in miner behavior.

One possible explanation for this decline is that miners increasingly opt for over-the-counter (OTC) deals instead of selling their Bitcoin on exchanges. While this may alleviate selling pressure on EXs, it simply means that the selling activity has shifted to other channels.

Another contributing factor to the decreased selling pressure is the professionalization of the mining industry. With more well-capitalized mining companies emerging, there is less urgency to sell the mined BTC to cover operational costs immediately. As a result, these companies can hold onto their Bitcoin holdings for extended periods.

For instance, Marathon, a notable mining company, increased its bitcoin holdings by 20% from 9,673 BTC in March 2022 to 11,568 BTC in March 2023. Although they did sell 600 BTC in April to support monthly operations, this illustrates the trend of miners holding onto a more significant portion of their Bitcoin.

Furthermore, the professionalization of the mining space may have also led to a shift from exchanges to OTC deals, which the available data might not entirely reflect.

Considering these factors, it is reasonable to assume that a significant portion of the decline in Bitcoin sent to exchanges by miners is due to reduced selling pressures. As miners adapt their strategies and the industry continues to evolve, BTC supply and demand dynamics will likely undergo further transformations.

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Bitcoin and Altcoins Report May Week 5 - Altcoin Buzz

Theres every possibility we might have already witnessed the crypto market bouncing from the bottom, and paving its way to another pinnacle. With exciting times ahead, investors are seeking out fresh opportunities to make the most of their capital. Recently, a new promising project, InQubeta (QUBE) has captured the interest of investors and industry experts alike. As we enter 2023, it stands out as one of the top altcoins to watch, alongside established players like Polygon (MATIC) and OKB. Lets dig deeper into the reasons behind InQubetas rise, its unique features, and how it competes with other prominent altcoins in the market.

InQubeta has been gaining significant traction in the crypto space, positioning itself as one of the most innovative projects in 2023. This rise can be attributed to several key factors. First and foremost, InQubetas focus on the intersection of AI technology and crypto presents a compelling proposition. With the increasing demand for AI-powered solutions across various industries, InQubetas crypto crowdfunding platform provides investors with a unique opportunity to participate in the growth of AI start-ups using the QUBE token.

Additionally, InQubetas deflationary token model, with a burn mechanism and staking rewards, adds value and incentivizes long-term holding. The platforms commitment to transparency and security has also garnered trust among investors, further boosting its popularity. As more people recognize the potential of AI and the role of blockchain in its development, InQubeta is well-positioned to capitalize on this growing market demand. The current beta presale has surpassed all expectations within a couple of weeks, and the project has already raised over $200k.

Polygon, formerly known as the Matic Network, has gained significant attention due to its scalability solutions for Ethereum. The project aims to address Ethereums congestion and high transaction fees, offering a layer 2 scaling solution. Polygons growing ecosystem, which includes decentralized applications (dApps) and DeFi platforms, has attracted a large user base and investor interest.

On the other hand, OKB, the native token of OKX, is the backbone of a leading cryptocurrency exchange that provides a wide range of services to traders and investors. The OKB token offers various benefits within the OKX platform, such as discounted trading fees, participation in token sales, and staking rewards. OKBs utility and the exchanges strong reputation have contributed to its popularity among crypto enthusiasts.

While Polygon and OKB have their merits, InQubeta differentiates itself through its unique focus on AI and its crypto crowdfunding platform. By combining the potential of AI technology with the power of blockchain and crypto, InQubeta offers investors an exciting avenue for participating in the growth of AI start-ups. The platforms deflationary token model and staking rewards create additional incentives for long-term holders.

The platforms NFT marketplace for investment opportunities and its governance token, QUBE, empower investors to actively participate in the decision-making processes of the platform. This level of community engagement and decentralized governance further enhances InQubetas appeal.

As we venture into 2023, InQubeta (QUBE) shines as one of the top altcoins to watch, alongside Polygon (MATIC) and OKB. While competition from other altcoins exists, InQubetas unique features, transparency, and alignment with emerging market trends give it a competitive edge. Investors looking to explore new opportunities in the crypto market should keep a close eye on InQubeta. It may be a good time to bag some tokens before the price increases by 25%, but make sure to do your due diligence before investing.

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InQubeta (QUBE) Emerges as the Top Altcoin to Watch in 2023 ... - Analytics Insight

The crypto market started May negatively with a 9% correction in the first 12 days. However, thanks to the intense whale activity in the altcoin market, the global crypto market capitalization managed to regain 3% before the close of the month.

The positive performance in the altcoin market played a critical role in the crypto market resurgence in the second half of May. Specifically, on-chain data reveals that cryptocurrencies like SingularityNET (AGIX), The Graph (GRT), and Quant (QNT) have attracted whale attention.

Considering the bullish sentiment surrounding the crypto AI space, it appears that large institutional investors have started to buy in on the AI hype once again. Unsurprisingly, two AI-related projects emerged among the top gainers in the last week of May.

Will this whale accumulation frenzy set the pace for these altcoins to rally ahead of June?

Quant (QNT) price had a tough start to May with a 14% drop in the first 26 days. However, a sudden spike in whale accumulation appears to have spurred a last-minute rally.

Specifically, the cluster of whales holding balances of 10,000 to 100,000 QNT appears to be leading the price recovery mission.

As seen below, they bought another 400,000 QNT tokens worth approximately $46.4 million between May 23 and May 31.

Quite remarkably, the Santiment chart above highlights how Quant price began to rise around May 26, just three days after the whales started buying.

Hence, if this trend continues, Quant (QNT) holders can expect the ongoing price upswing to evolve into a prolonged bull rally in June.

Crypto whales are hopping on the AI wave once again. After the AI boom in January 2023, the hype faded for many tokens. However, SingularityNET (AGIX) appears to be leading the second wave of the AI rally.

Crypto whales began to buy AGIX around late April. On-chain data shows that after a brief spell of profit-taking in early May, they have started buying again.

Between May 16 and May 31, whales holding balances of one million to 10 million AGIX tokens have made significant accumulation. The chart below shows how they added another 24 million AGIX to their balances during that period.

At the current market price of $0.30, the newly-added tokens are worth nearly $7.2 million. Quite notably, this cohort of whales accounts for 68% of the total AGIX circulating supply.

This suggests that they could almost single-handedly trigger another AGIX price rally if they continue buying.

The Graph is another AI-related token that emerged as one of the top gainers in the last week of May. Unsurprisingly, the GRT token is still also the attention of strategic whale investors.

Between May 23 and May 31, crypto whales holding balances of 10 million to one billion GRT tokens added 70 million GRT tokens to their holdings.

At the current market value, the new investment made by the crypto whales is worth approximately $9.3 million.

Considering the buzz around AI tokens in recent weeks, GRT could enter a prolonged rally if the whales keep buying in June.

Moreso, crypto whales wield significant influence in the blockchain ecosystem. Due to their vast financial power and the volume of liquidity that they provide, they can significantly impact the price prospects of these assets.

Hence, its needless to say that strategic investors will watch out for these altcoins in June.

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions.

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Which Altcoins Are Crypto Whales Betting on in June 2023? - BeInCrypto