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Ethereum (ETH) shows signs of weakness, but there are mixed signals as whales keep amassing impressive amounts of ETH. Meanwhile, investors and crypto enthusiasts are keeping an eye on BONK and Pullix, two cryptos set to embellish the festive spirit with 100x gains. Here’s what you should know if you want to start 2024 in the green.
Ethereum’s Correction: A Chance for the Whales to Shine?
In just the past five days, ETH has dipped by about 1.25%. Now, while that might sound like a bit of a slump, it’s actually sparked an intriguing move among the big players, the whales of the crypto ocean. They’ve been diving in, scooping up more ETH.
Could this be their way of signaling a potential turnaround for Ethereum? It’s definitely something to keep an eye on.
But here’s an interesting twist – while these whales are busy accumulating, the overall trading volume of Ethereum has taken a nosedive. This suggests that the broader investor community isn’t as active right now.
Despite this, some whales have confidently added over 100,000 ETH to their stash, valued at a whopping $230 million. This uptick in whale activity, coupled with a rise in the Ethereum supply held by top addresses, hints that they might be seeing something the rest of us haven’t caught onto yet.
However, there’s a catch. Ethereum’s MACD indicates a bearish crossover, hinting at the possibility of a further downtrend in the near term. Because of this, investors are now eyeing other promising cryptocurrencies like BONK and Pullix.
BONK Price Prediction
In a stunning turn of events, a trader recently transformed a $16k investment into a staggering $10 million, thanks to the meteoric rise of Bonk (BONK). This growth spurt followed BONK’s recent listings on major exchanges such as Binance and Coinbase.
Over the last month, BONK’s value has skyrocketed by 300% and has risen by a phenomenal 21,000% since its all-time low in December of the previous year.
These numbers are more than just impressive; they’ve catapulted BONK into the spotlight as one of 2023’s top crypto to buy.
Finally, regarding BONK price prediction, the sentiment remains bullish, although the market is highly volatile. Some believe that it could r
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Author: Crypto Daily
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