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Despite Bitcoin’s rise in price, which has risen by about 27% since the beginning of the year, on-chain data suggests that Bitcoin whales are not using the pump as an opportunity to sell their holdings. According to some analysts, this is a sign of confidence that the recent rally marks the beginning of a long-running bull market.
According to data from crypto analytics firm Glassnode, the number of Bitcoin addresses (or so-called whale addresses) holding between 1,000 and 10,000 Bitcoins has remained fairly stable at just over 1,900 since the beginning of December. Bitcoin addresses of sharks holding between 100 and 1,000 bitcoins have also remained stable in recent weeks. Glassnode says there were about 14,000 at the end.
A collection of fish and crabs
Bitcoin bulls are accumulating at an accelerated pace, with two key address cohorts continuing to amass the world’s largest cryptocurrencies by market capitalization in recent weeks since FTX collapsed in early November. you will be glad to know According to Glassnode, the number of Crab bitcoin addresses (holding 1-10 bitcoins) has grown from less than 760,000 before the FTX collapse to nearly 830,000 as of last week.
During the same period, the number of Fish addresses (holding between 10 and 100 Bitcoins) surged from around 135,000 to nearly 140,000, close to an all-time high.
This is because medium to large Bitcoin investors 1) used the price drop caused by the FTX crash as an opportunity to buy dips and 2) as the price recovered to pre-FTX implosion levels. This suggests that the assets held have not been sold.
Small investors not yet piling up
Large and mega bitcoin investors are giving clear signs that 1) they want to buy dips and 2) they don’t want to sell to rallies in the coming weeks and months. But Bitcoin bulls shouldn’t get too excited just yet.
This is because we have yet to see the accelerated growth of new shrimp addresses (holding less than 1 bitcoin) that usually occurs in bull markets. In fact, according to Glassnode data, Shrimp’s address count has flattened out at around 42 million in recent weeks after he briefly increased to nearly 43 million shortly after the fall of FTX.
If this number starts to rise rapidly, as has happened in past periods of rapid Bitcoin price rally, such as 2019 and late 2020/early 2021, small retail investors will again get involved. This is a bullish sign. .
Altcoins to consider
The cryptocurrency market has been doing well since early 2023, but the long-term bear market is still active. Investors may want to consider diversifying their holdings with discounted pre-sale tokens of some promising up-and-coming crypto projects. Below is a list of some that InsideBitcoins analysts believe could improve performance.
FightOut (FGHT) – Pre-sale now
Young movements to earn cryptocurrencies show a lot of promise, but early success stories like STEPN have significant limitations and have so far failed to conquer the mainstream. Proud to be the future of move-to-earn, FightOut wants to change that in 2023. – Its kind of fitness metaverse.
Whereas existing M2E applications such as STEPN only track steps and require an expensive non-fungible token (NFT) buy-in to participate, FightOut does more to track and reward users’ exercise and activity. It takes a holistic approach and an expensive buy-in to participate. FightOut seeks to combine the physical and Web3 worlds.
The project aims to eventually get gyms in every major city in the world while simultaneously promoting an integrated web3 fitness experience. At the heart of FightOut’s digital ecosystem is a smartphone application, which is expected to be released in Q2 2023, according to FightOut’s whitepaper.
The FightOut app utilizes smartphones and wearable technology to measure and track physical performance. The app has its own tokenized economy, through which the user can earn rewards for completing her M2E tasks, through which the user will be able to interact with his Metaverse through Fight Out to his own soul. A bound token can create his avatar.
FGHT is the token that powers the FightOut metaverse ecosystem. A user pays a fee to participate in competitions and leagues with his FGHT, and winnings are paid with his FGHT.
FGHT can also be used in peer-to-peer fitness betting. His FGHT token on FightOut is currently priced at 60.06 per USDT, and interested investors are encouraged to act quickly to secure the token. In just a few weeks, the presale has already raised nearly $3 million. FGHT is the token that powers the FightOut crypto ecosystem.
Visit Fight Out Now
Calvaria (RIA) – Pre-sale almost over
RIA, the token that powers Calvaria, a fantasy-themed NFT battle card game in the afterlife, is also currently on presale. The Play-to-Earn (P2E) crypto gaming startup has raised nearly $3 million in just a few months after its presale began. Only about 12% of its tokens are retrievable.
Calvaria is trying to bring cryptocurrency gaming into the mainstream by tapping into the huge existing market, that of physical battle card games (think viral sensations of the past like Pokemon and Yu-Gi-Oh). increase. He is expected to grow from $4.6 billion in 2022 to $65.7 billion by 2027, according to an analysis by The Crypto Gaming Space. market and market, there is plenty of room for massive growth. Calvaria plans to launch its headline fantasy-themed card game Duels of Eternity in Q2 2023.
C+Charge (CCHG) – Presale now on
The carbon credit industry is projected to be worth $2.4 trillion by 2027Democratizing access to obtain these benefits will be big business in the years to come. C+Charge is currently building a blockchain-based peer-to-peer (P2P) payment system for EV charging stations that allows electric vehicle (EV) drivers to earn carbon credits.
C+Charge aims to elevate the role of carbon credits as the main incentive to drive EV adoption. Today, electric vehicle giants like Tesla make millions of dollars by selling emissions credits to polluters. C+Charge hopes to democratize the carbon credit market by putting these rewards in the hands of EV owners, not just big corporations.
C+Charge has just launched a pre-sale of CCHG tokens that its platform uses to pay for EV charging stations. Tokens currently sell for $0.013 each, but by the end of the presale, this will rise by 80%. Investors interested in getting early access to promising green cryptocurrency projects should act quickly. The project has already raised over $300,000 in just a few weeks of presale launch.
Investors should be aware that the remaining tokens may be scooped up quickly. As you can see here, Crypto Whale recently scooped up his CCHG worth $99 in one transaction. Bsc scan.
Click here for C+Charge
Metamasters Guild (MEMAG)
Meta Masters Guild is an up-and-coming web3 mobile gaming ecosystem that utilizes Non-Fungible Tokens (NFTs) to enable community members to earn rewards, wager and trade in a fun-filled game. We want to create toxic games. Development of the game is already underway, and the team plans to release its first title, Meta Karts, in the coming months.
The promising crypto gaming startup is currently holding a pre-sale of MEMAG tokens, currently priced at $0.007 each. According to some observers, this is stealing. Moreover, the price rises to $0.023 by the 7th stage of the presale, allowing early investors to make more than 300% profit by the time the presale ends.
Click here for the Metamasters Guild.