XRP may be down but it’s not out. Whales bought 340M coins in two weeks. Plus, check out the best crypto to buy in the current market environment.
Whales bought 340M $XRP in the second half of August, according to a well-known crypto analyst.
This may suggest that investors continue to be bullish about the world’s number four cryptocurrency, which saw a jump in its trading volume in the past 24 hours.
It could also signal that whales are buying the dip, as $XRP as well as other major coins – like Bitcoin ($BTC) and Ethereum ($ETH) – have been on a slump in the same period.
If you’re also looking for other opportunities in the current market, coins like Bitcoin Hyper ($HYPER) and Best Wallet Token ($BEST) are some of the best crypto to buy at the moment.
Whales Stockpile More XRP as It Continues to Slide
As crypto analyst Ali_Charts pointed out X, whales have been circling XRP.
Alt: Ali Charts showing XRP whale activity in the last two weeks.
Source: X/@ali_charts
Overall, these large holders added 340M $XRP to their growing stash, which could signal that they remain bullish on the coin.
They could also be buying the dip, with $XRP’s trading volume up by a whopping 44.84% in the last 24 hours.
Alt: CoinMarketCap table showing XRP’s 24-hour trading volume.
Source: CoinMarketCap
This could be similar to what’s currently happening with Bitcoin. While $BTC has been down by 3.88% in the last 30 days, whales have continued buying it. That includes Metaplanet, which today overtook Riot Platforms as the world’s sixth-largest Bitcoin treasury.
Alt: Metaplanet’s most recent Bitcoin purchase.
Source: X/@Professor₿
If that’s the case, then ‘down but not out’ would be the rallying cry of major cryptocurrencies’ amid their current slump.
However, if you’re on the hunt for alternative investments, here are three promising projects that have attracted a lot of attention lately.
1. Bitcoin Hyper ($HYPER) – Transforming the Bitcoin Ecosystem with New Levels of Speed, Affordability, and Utility
While Bitcoin remains the most valuable cryptocurrency on the planet, there’s no denying that it’s also bogged down by its slow transaction speeds, high costs, and limited utility.
But that’s because of the way it was designed, in a bid to keep the Bitcoin blockchain ultra-secure. Could tweaking its code to make it faster compromise its security? Not necessarily, and that’s where Bitcoin Hyper ($HYPER) steps up to the plate.
Alt: Snippet of the Bitcoin Hyper presale page.
This project aims to develop a Bitcoin Layer-2 (L2) that will serve as a fast lane for Bitcoin’s clogged Layer-1. And by integrating the Solana Virtual Machine, the L2 will make transactions faster and cheaper, without compromising security..
In addition, Bitcoin Hyper will scale Bitcoin’s utility, enabling you to use it for things like staking and interacting with dApps.
By holding its native $HYPER token, you’ll also be able to enjoy additional benefits like governance rights and access to exclusive features. When the L2 goes live, you can also use $HYPER to pay for gas and other fees.
The presale has seen strong investor interest, including whales. August alone saw two whale buys of $161.3K and $100.6K. That’s most likely because of the project’s solid utility and potential. The presale has already raised $13.2M+.
Right now you can buy $HYPER for just $0.012835 and you can stake yours for 83% APY. But remember, presale prices go up in stages, and the APY is also dynamic. So there’s no time like the present if you want to invest in $HYPER.
Join the Bitcoin Hyper presale today.
2. Best Wallet Token ($BEST) – Powering One of the Market’s Most Promising Crypto Wallets
According to CoinLaw, 12.4% of internet-connected adults worldwide have adopted crypto. And this is set to grow as cryptocurrencies become more mainstream, thanks to institutional interest and the increasing crypto regulations.
That’s good news for the crypto wallet market. And as competition in this market heats up, the Best Wallet Token ($BEST) is currently raising funds to help expand its wallet of the same name, to dominate the crypto wallet market by the end of next year.
Alt: The benefits of holding $BEST.
Having raised more than $15.3M during its ongoing presale, $BEST is one of the biggest fundraisers of the year, and for good reason.
If you hold $BEST, you’ll enjoy perks when you use the Best Wallet app, including low transaction fees, higher staking rewards, early-bird access to presales via the Token Launchpad, and governance rights that let you vote on key decisions on the Best Wallet ecosystem.
At 87% APY, staking is also another attractive reason to join the Best Wallet Token presale.
Be sure to act quickly, though. There are less than two days before the next price increase, so this is your last chance to get $BEST tokens at this low price.
Buy your Best Wallet Tokens here.
3. Bitcoin Penguins ($BPENGU) – Ride the $BPENGU Hype Train Before Listing
With just one day left to go, the Bitcoin Penguins ($BPENGU) token presale is already in its final phase, but the fun is just getting started.
Bitcoin Penguins are a colony of Bitcoin supporters; true believers in $BTC far surpassing previous ATHs. And HODL is their middle name.
More than an investment, holding $BPENGU tokens also allows you to join its weekly $BTC giveaway. To get started, complete tasks, which will earn you entries. If you’re lucky, you could win 1 $BTC – it’s that simple and straightforward.
Now that the 30-day flash presale is coming to end, the fun part comes tomorrow, as you’ll be able to claim the tokens you purchased.
At the same time, the project team will also list $BPENGU on Raydium, which could pump up its value as traders snap up the tokens.
Alt: Bitcoin Penguins mission.
You can still buy $BPENGU at the official Bitcoin Penguin website for only $0.00198, using your credit/debit card or crypto.
Staking is also an option. You’ll be required to lock your purchased tokens for a month and get rewards at a rate of 50% APY. If you choose to stake, you’ll be able to claim your locked tokens on October 2.
Read the Bitcoin Penguins whitepaper to learn more.
XRP is Still Hot Stuff and the Whales Know It
While many traders have dumped their $XRP coins lately, whales continue to be bullish about it. We’ve seen it in the past two weeks where they bought an eye-watering 340M $XRP.
So, if you’re still on the fence about investing, recent whale activity could be the sign you’ve been waiting for.
But if you prefer other promising cryptocurrencies that are relatively more affordable, then Bitcoin Hyper ($HYPER) and Best Wallet Token ($BEST) are definitely worth a look.
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Reporter at Coindoo
Source: https://coindoo.com/best-crypto-to-buy-as-whales-buy-340m-xrp/