There are many strategies that anyone can follow in their attempt to invest in crypto. But one approach that often seems to work is following a lot of money. When investors in major wallets load up on a particular asset, you should too. Here’s why:
Whales do not often engage in speculative short-term trading.
Large portfolios also buy assets with very good long-term value.
Whales may also know something you don’t know about a particular asset.
For people who are serious about following whale money, the following top 3 coins should be a great place to start:
Ethereum (ETH) is the second largest cryptocurrency and it is no wonder that many major wallets will be interested in it. In fact, over the past few weeks, when ETH dropped significantly, we saw more and more whales buying it.
Data source: Tradingview
The reason for this is actually quite simple. Etherum has staying power. It is an asset that will be with us for a long time to come. There have also been several new developments with the Ethereum 2.0 project. This could add more value to the Ethereum ecosystem in the long run.
Meme coins are also quite popular with whales. But unlike new coins that are still struggling for legitimacy, DogeCoin (DOGE) has been here for years. It has, of course, had its highs and lows. But despite that, DOGE has become one of the most important crypto assets. It is therefore not surprising to see many whales accumulating here.
Binance Coin (BNB)
Binance Coin (BNB) is the main cryptocurrency for the Binance exchange, one of the largest crypto trading platforms in the world. Like the two coins we mentioned above, BNB has a lot of legitimacy and staying power. This is because it is linked to a serious and strategic venture within crypto.