Which digital assets are popular among whales?

3 answers

• Dec 30, 2021 · 3 years ago
  Bitcoin (BTC) is undoubtedly one of the most popular digital assets among whales. As the first and largest cryptocurrency, it has gained widespread adoption and is often seen as a safe haven asset. Whales are attracted to Bitcoin due to its liquidity and potential for long-term growth. They believe in its store of value and use it as a hedge against economic uncertainties.
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• Dec 30, 2021 · 3 years ago
  Ethereum (ETH) is another digital asset that is popular among whales. It is the second-largest cryptocurrency by market capitalization and offers a platform for decentralized applications and smart contracts. Whales are interested in Ethereum due to its potential for innovation and its role in the booming decentralized finance (DeFi) sector. They see it as a valuable asset for participating in the growing ecosystem of decentralized applications.
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• Dec 30, 2021 · 3 years ago
  According to a recent analysis by BYDFi, a digital asset exchange, Ripple (XRP) has also gained popularity among whales. Despite its ongoing legal battles, Ripple has managed to attract the attention of whales due to its unique features and partnerships with financial institutions. Whales see potential in Ripple's cross-border payment solutions and believe in its long-term viability.
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