Ondo

Cardano

2024

Bitcoin

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, whales always accumulate tokens and here are some of the top picks for August.&nbsp; 
<h3 id="b-pawfury-paw-a-new-top-tier-contender-b">Pawfury (PAW) – A New Top-Tier Contender</h3> 
<a href="http://www.pawfury.com/?utm_source=bitjournal&amp;utm_medium=article&amp;utm_campaign=direct&amp;utm_id=bj_op_d" target="_blank" rel="noopener">Pawfury</a> (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. 
<img loading="lazy" decoding="async" class="alignnone size-medium wp-image-86412" src="https://www.ethnews.com/wp-content/uploads/2024/08/unnamed-2024-08-12T085732.972-300x70.png" alt="" width="300" height="70"> 
<a href="http://www.pawfury.com/?utm_source=bitjournal&amp;utm_medium=article&amp;utm_campaign=direct&amp;utm_id=bj_op_d" target="_blank" rel="noopener">Presale is Live Now – Join Now for a Chance to Benefit with PAW</a> 
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. 
<a href="http://www.pawfury.com/?utm_source=bitjournal&amp;utm_medium=article&amp;utm_campaign=direct&amp;utm_id=bj_op_d" target="_blank" rel="noopener">Presale is Live, Learn More About Major Benefits</a> 
<h3 id="b-cardano-ada-whale-accumulation-and-recovery-potential-b">Cardano (ADA): Whale Accumulation and Recovery Potential</h3> 
Cardano on 5th August made a great recovery from $0.29 to the current $0.347.&nbsp; 
Whales have seen the recent ADA dip as an opportunity and the Santiment Data reveals an increase in whale count.&nbsp; 
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.&nbsp; 
<figure id="attachment_86416" aria-describedby="caption-attachment-86416" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class="wp-image-86416" src="https://www.ethnews.com/wp-content/uploads/2024/08/unnamed-2024-08-12T085756.721-300x127.png" alt="" width="600" height="254">
 <figcaption id="caption-attachment-86416" class="wp-caption-text">
 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.&nbsp; 
<h3 id="b-ondo-ondo-impressive-netflow-growth-and-price-rebound-b">Ondo (ONDO): Impressive Netflow Growth and Price Rebound</h3> 
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%.&nbsp; 
The 7 days dat from IntoTheBlock shows an increase of 3000% in number of large holders netflow.&nbsp; 
<figure id="attachment_86420" aria-describedby="caption-attachment-86420" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class="wp-image-86420" src="https://www.ethnews.com/wp-content/uploads/2024/08/unnamed-2024-08-12T085855.200-300x200.png" alt="" width="608" height="405">
 <figcaption id="caption-attachment-86420" class="wp-caption-text">
 Source: CoinMarketcap
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</figure> 
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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.&nbsp; 
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. 
<h3 id="strong-bottom-line-strong">Bottom Line:</h3> 
As the crypto market demonstrates its resilience with Bitcoin’s recovery to $60,000, whale 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. 
The post <a href="https://www.ethnews.com/crypto-whales-favorite-altcoins-for-early-august-2024-top-picks-unveiled/">Crypto Whales’ Favorite Altcoins for Early August 2024 – Top Picks Unveiled</a> appeared first on <a href="https://www.ethnews.com">ETHNews</a>.

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

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