Crypto Whales Favorite Altcoins for Early August 2024 – Top Picks Unveiled

Maxwell Williams
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Crypto Whales Favorite Altcoins for Early August 2024 – Top Picks Unveiled

In the last 7 days, the Crypto market passed through a stroke with a significant dip on Monday, followed by an impressive market recovery taking Bitcoin from $53,000 to $60,000 back.  Despite the market being so uncertain, crypto whales always accumulate tokens, and here are some of the top picks for August. 

 

Pawfury (PAW) – A New Top-Tier Contender

Pawfury (PAW) is rapidly emerging as a top-tier contender in the cryptocurrency market. With its unique blend of advanced technology and practical utility, Pawfury (PAW) sets itself apart from other coins. Making it an attractive investment option. Backed by a strong and growing community and continuous development, Pawfury (PAW) demonstrates significant growth potential. This strategic positioning and innovative approach make Pawfury (PAW) a standout choice for investors looking for high returns in a competitive market.

Pawfurry Presale
Pawfurry Presale

 

 

 

 

 

Presale is Live Now – Join Now for a Chance to Benefit with PAW

Strategic Investment Approach in Pawfury – The presale of Pawfury is strategically designed to benefit investors and ensure fair token distribution. With several stages and price increases, early participants enjoy lower entry costs. This structure not only generates excitement but also attracts necessary capital, boosting liquidity and market stability.

To celebrate its success, investors can now enjoy a 10% extra bonus on their first purchase on Pawfury using the promo code “PAW10X” for a limited time.

Presale is Live, Learn More About Major Benefits

 

Cardano (ADA): Crypto Whales Accumulation and Recovery Potential

Cardano on 5th August made a great recovery from $0.29 to the current $0.347.  Crypto whales have seen the recent ADA dip as an opportunity and the Santiment Data reveals an increase in whale count. The Data Says addresses holding 1 million to 10 million ADA now contribute to 16% of the supply and this can trigger a great upward rally in the next sessions. 

 

 

Source: TradingView
Source: TradingView

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The metrics like positive social sentiment, and increased volatility show a mixed sentiment favoring to a downtrend before a good rally. 

 

Ondo (ONDO): Impressive Netflow Growth and Price Rebound

Ondo makes a good recovery on 5th August after falling from a critical level, currently trading at $0.761 with a 7-day growth of 4.59%. 

 

Source: CoinMarketcap
Source: CoinMarketcap

 

The 7 days dat from IntoTheBlock shows an increase of 3000% in number of large holders netflow. 

 

Netflow is the difference between the number of whales buying and whales selling. In this case, it is a positive net flow that means the whales buying is more than the whales selling. 

 

However, ONDO Making it back to $1 is still a hood for traders, if the market trend and institutional interest continue in the same direction the crypto will mark good gains.

 

Bottom Line:

As the crypto market demonstrates its resilience with Bitcoin’s recovery to $60,000, crypto whales activity in altcoins like Cardano and Ondo provides valuable insights for investors. However, amidst this volatility, Pawfury’s presale emerges as a compelling alternative, offering a more structured and potentially stable investment opportunity.

 

Pawfury’s strategic approach to token distribution and community building presents an attractive option for those seeking to mitigate risk while still pursuing high returns. Its presale structure, with staged pricing and bonus incentives, contrasts sharply with the unpredictable swings seen in traded cryptocurrencies.

Stay Tuned to TheBITJounal for more updates on the topic.

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I am Maxwell - my friends call me Maxy, graduated from Pomona College in Economics. I have a highly quantitative and analytical background with work experience in corporate finance, valuations, and strategic advisory services. My diverse background has allowed me to gain experiences in various industries geographies and enabled me to acquire an international and comprehensive perspective. Through my experiences in work, school, extracurricular activities, and sports; I gained essential leadership and collaborative skills that helped me to grow strong interpersonal and problem-solving skills. In addition to the analytical areas such as finance and data science, I love being creative and I learned JavaScript to design my own website and some web applications in order to use my deep learning models.
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