despite the rally Bitcoin On-chain data shows that the price has seen an increase of about 27% since the beginning of the year Bitcoin The whales are not using the pump as an opportunity to sell their holdings. According to some analysts, this is a sign of confidence that recent rally signal long run start Bull market,
According to data from crypto analytics firm Glassnode, the number of bitcoin addresses holding between 1,000 and 10,000 bitcoins (or so-called whale addresses) has remained roughly stable above 1,900 since the beginning of December. Shark bitcoin addresses, which hold anything between 100 and 1,000 bitcoins, have remained stable in numbers in recent weeks as well. According to Glassnode, there were about 14,000 of them.
Fish and crabs are piling up
Bitcoin bulls will be pleased to note that two important address cohorts have continued to accumulate the world’s largest cryptocurrencies by market capitalization in recent weeks and at an accelerated pace since the collapse of FTX in early November. According to Glassnode, the number of crab bitcoin addresses (those containing 1-10 bitcoins) has dropped from less than 760,000 before the FTX collapse to close to 830,000 last week.
Over the same time period, the number of FISH addresses (those holding 10-100 bitcoins) has increased from around 135,000 to close to 140,000, nearing its record high.
This suggests that medium to large sized bitcoin investors are 1) using the price drop due to the FTX collapse as an opportunity to take the plunge and 2) not selling their holdings as the price returns to their pre-FTX implosion levels. But comes back.
There are still heaps of small investors
Large and mega-sized bitcoin investors have clearly shown solid signs of 1) wanting to buy the dip and 2) not wanting to sell in the rally in recent weeks and months. But bitcoin bulls shouldn’t get too excited just yet.
This is because we are yet to see the surge in growth of new Shrimp addresses (holdings under 1 bitcoin) that usually occurs during bull markets. In fact, according to Glassnode data, the number of Shrimp addresses has plummeted to around 42 million over the past few weeks, after enjoying a short-lived surge to around 43 million in the immediate aftermath of the FTX collapse.
If this number begins to rise sharply, as it did during previous bitcoin price surges, such as during 2019 and late 2020 to early 2021, it would indicate that small retail investors are once again are joining, which would be a bullish signal.
Altcoins to consider
The cryptocurrency market has been performing well since the start of 2023, but long-term bears are still very much in play. Investors may still want to consider diversifying their holdings with discounted presale tokens of some promising, up-and-coming crypto projects. Here is a list of some that InsideBitcoin analysts believe have the potential to perform well.
FightOut (FGHT) – Start Selling Now
The young move-to-earn crypto niche has shown a lot of promise, but early success stories like STEPN have significant limitations that, so far, have prevented them from conquering the mainstream. FightOut, which bills itself as the future of move-to-earn, wants to change that in 2023. FightOut is a brand new web3 fitness application and gym chain that rewards its users for working out, completing challenges and competing for the first time. -The fitness metaverse of its own kind.
While existing M2E applications such as STEPN only track steps and require expensive non-fungible tokens (NFTs) to participate, FightOut takes a more holistic approach to tracking and rewarding its users for their exercise and activity , and it doesn’t require any costly buy-in to participate. FightOut attempts to merge the physical and web3 worlds.
The project aims to eventually have gyms in all major cities around the world, as well as promote a unified Web3 fitness experience. At the heart of FightOut’s digital ecosystem will be its smartphone application, which is scheduled to launch in the second quarter of 2023, according to FightOut’s whitepaper.
The FightOut app will use smartphone and wearable technology to measure and track physical performance. The app will have its own in-house token economy, where users can earn rewards for completing M2E tasks, and mold their own soul-bound token avatars, through which users can interact with the FightOut Metaverse. Will be able
FGHT is the token that powers the FightOut Metaverse ecosystem. Users will pay to enter competitions and leagues with FGHT, and winnings will be paid in FGHT.
FGHT can also be used in peer-to-peer fitness bets. FightOut’s FGHT tokens are currently selling for 60.06 per 1 USDT, and interested investors are encouraged to act fast to secure their tokens, with close to $3.0 million already sold in just a few weeks. has reached. FGHT is the token that will power the FightOut crypto ecosystem.
Calvaria (RIA) – Pre-sale almost over
RIA, the token that will power the Afterlife fantasy-themed NFT battle card game Calvaria, is also currently in pre-sale. Play-to-earn (P2E) crypto gaming start-up has raised close to $3.0 million in just a few months since the launch of its pre-sale. Only around 12% of its tokens are left up for grabs.
Calvaria wants to bring crypto gaming into the mainstream by tapping into a huge, existing market – the market for physical battle card games (think viral sensations of the past like Pokémon and Yu-Gi-Oh). According to an analysis, the crypto gaming space is expected to grow from a size of $4.6 billion in 2022 to a size of $65.7 billion by 2027. market and marketThere is a lot of room for massive growth. Calvaria is set to launch its headline fantasy-themed card game “Duels of Eternity” in the second quarter of 2023.
C+Charge (CCHG) – Pre-Sale On Now
Carbon credits estimated to be worth the industry $2.4 trillion by 2027, Democratizing access to reap these benefits is going to drive business to scale in the years to come and this is something crypto start-up C+Charge hopes to achieve. C+Charge is currently building a blockchain-based peer-to-peer (P2P) payment system for EV charging stations that will allow drivers of electric vehicles (EVs) to earn carbon credits.
C+Charge aims to promote the role of carbon credits as a key incentive for the adoption of EVs. Currently, large manufacturers of electric vehicles such as Tesla make millions by selling carbon credits to polluters. C+Charge seeks to democratize the carbon credit market by allowing more of these awards to find themselves in the hands of EV owners rather than just large businesses.
C+Charge has just launched its pre-sale of CCHG tokens that its platform will use to make payments at EV charging stations. The tokens are currently selling for $0.013 each, although this will increase by up to 80% by the end of the presale. Investors interested in getting an early start on a promising eco-friendly cryptocurrency project should act fast, with the project having raised over $300,000 in just weeks since its presale launch.
Investors should note that the remaining tokens can be scooped up quickly. A crypto whale recently deposited over $99 worth of CCHG in one transaction, as can be verified here bscscan,
Meta Masters Guild (MEMAG)
The Meta Masters Guild is an emerging Web3 mobile gaming ecosystem that says it seeks to create fun and addictive games that use non-fungible tokens (NFTs), allowing community members to earn rewards, as well as stake and Business is allowed to earn. With the game’s development already underway, the team is set to launch its first title, Meta Kart, in the coming months.
The promising crypto gaming start-up is currently conducting a pre-sale of its MEMAG tokens, which are currently being sold for $0.007 each. According to some observers, this is a steal. Furthermore, this price will rise to $0.023 by the seventh phase of the pre-sale, meaning early investors could be sitting on paper gains of over 300% until the pre-sale ends.
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