Crypto Whales Are Celebrating December 2022 With These Tokens
The highly volatile crypto market exhibits thousands of digital assets and new cryptocurrency projects. Popular assets such as BTC, ETH, and multiple new entrants are lucrative to crypto investors.
Meanwhile, cryptocurrency whales remain the dominant figures in the market and controls massive crypto amount for trading. So, let’s check some top cryptos that whales can scoop in December 2022.
Bitcoin (BTC)
Bitcoin remains the most valuable virtual token globally. BTC whale investors are those that own more than 1,000 coins. Meanwhile, a cryptocurrency whale tracker indicates that whales hold about 40% of Bitcoin assets. Trading at $17,117 during this publication, BTC could be one of the best cryptos to purchase in December 2022.
Coinmarketcap shows Bitcoin exhibits a $330.4B live market cap. Coingape’s 10 December news indicated that Bitcoin whales transferred 9.901 $BTC worth $169,772,480 from an unknown address to Kraken (Whale alert tweet).
Bitcoin gained around 2% today to cross the $17K mark. That could attract leading cryptocurrency whales to scoop the crypto this month.
Ethereum (ETH)
Ethereum is a decentralized blockchain with Ether (ETH) as its crypto. It presents a network for the decentralized ‘smart’ contract execution and a blockchain for multiple other cryptos. Cryptocurrency whales have tracked Ethereum.
Santiment’s 22 November 22 tweet implied that leading ETH whales added about 947,940 $ETH worth over $1 billion. Moreover, a recent post (7 December) indicated that sharks and whales scooped ETH at its current price – which fluctuates at $1,230. That means Ethereum is a top choice for whales this month.
Cardano (ADA)
Recognized decentralized blockchain network Cardano utilized the PoS mechanism to complete transactions. It uses ‘smart’ contacts to allow the creation of various decentralized applications (dApps) and decentralized finance (DeFi) protocols.
Cardano has flourished as a well-adored network among developers, producing over 800,000 non-fungible tokens (NFTs) on its blockchain. It ensures longer-term scalability and quick transactions, which drives its popularity. Cardano can handle 250 TPS (transactions per second), higher than ETH’s 15 TPS.
Cardano has joined this list due to the latest whale activity within the past few months. WhaleStat’s top 1000 14 November BSC richlist shows ADA joined the top ten bought coins by 100 leading whales over the past day.
Besides that, a tweet indicated Cardano is among the most utilized ‘smart’ contracts by the top 2000 whales over the past 24hrs. Cardano has generated immense profits for users since its 2017 releases, gaining by over 2.300%. It traded at $0.3046 during this writing, with an $18 billion market cap.
Ripple (XRP)
XRP is the native coin for Ripple’s permissionless, open-source protocol. Meanwhile, Ripple wants to utilize blockchain technology to be the leading crypto solutions supplier for enterprises. It offers financial institutions and businesses a transparent, affordable, and efficient solution to handle global transfers.
Notably, Whale alert’s 12 December tweet shows an address transferred 49,926,217 $XRP (worth $18,843,741) from Binance to an unrecognized wallet. The decentralized network supports transactions for cryptos such as BTC, fiat, and various commodities. XP’s current $0.3771 price can attract whales as we close 2022.
Battle Infinity (IBAT)
Battle Infinity utilizes blockchain to allow creators and users to participate in varying P2E games. The project is drawing the focus of cryptocurrency whales due to its attractive roadmap, including new products in the gaming, DeFi, and NFT sectors. McKinsey & Company predicts that the metaverse can be worth $5 trillion come 2030.
Meanwhile, Battle Infinity aims to create an inclusive gaming world. While writing these lines, Battle Infinity traded at $0.001915, with a $203,385 market cap. The alt lost 4.52% over the past day. Moreover, it boasts a 10,000,000,000 maximum supply without circulating supply.
