Q4-2024 is always the one to watch in crypto, but this time it’s huge. We’re edging closer to a potential upside breakout, which means it’s crunch time—make or break. If you haven’t started stacking your coins for the next run, this is your last chance.
Current Market Conditions
Just before we get to our list, let’s talk about what’s happening right now. The crypto market is down, and that’s largely because of the ongoing conflict between Israel and Iran. It’s normal to see some sell-offs and price drops during uncertain times like these.
But here’s the key thing—whales aren’t fazed by short-term dips. They’re playing the long game, and their moves reflect where they see future value. So, keep that in mind as we dive into what they’re buying.
1) DOGE
#Dogecoin just saw its largest spike in active $DOGE addresses in the past six months, reaching 84,306 active #DOGE addresses! pic.twitter.com/OEOAufZfWj— Ali (@ali_charts) October 2, 2024
But that’s not all—whale activity is surging too. Earlier this month, whales scooped up around 1.4 billion DOGE tokens, worth about $140 million. That’s a huge move, especially with Dogecoin taking some hits from the Middle East tensions.
So, what does this whale activity mean? It’s a signal. These big players are making moves because they know something big is on the horizon for Doge.
#Dogecoin whales bought over 1.40 billion $DOGE in the past 48 hours, worth around $140 million! pic.twitter.com/mBXMti2y3V— Ali (@ali_charts) September 26, 2024
2) Bitcoin
Look at how fiercely the new whales are stacking #Bitcoin; this market has never seen such accumulation. pic.twitter.com/o314O54G0a— Ki Young Ju (@ki_young_ju) October 2, 2024
🚨 BREAKING NEWS 🚨Amid the #Bitcoin dip, CEFFU has scooped up a massive 3,372 BTC worth $204 MILLION on Binance!While retail traders are panicking, the whales are quietly loading up their bags. The smart money knows what’s coming! 🔥 pic.twitter.com/coJPvehfr0— Cryptoziq (@crypt0ziq) October 4, 2024
What’s Next for Bitcoin?
Analysts are still optimistic. Some believe Bitcoin could revisit its all-time high and get to the $100,000 mark. Others expect a more conservative target of $75,000 to $80,000 by the end of the year, depending on whether it can break through key resistance at $70,000.
Looking at historical trends, October tends to be a strong month for Bitcoin, with average gains of around 23%. Let’s watch how things unfold.
3) XRP
When large amounts of cryptocurrency are moved off exchanges and into private wallets, it’s often a sign that the holder intends to hold onto the assets for the long term rather than trade them immediately.
🚨 28,900,823 #XRP (15,126,001 USD) transferred from #Binance to unknown wallethttps://t.co/d3UtHSAnc2— Whale Alert (@whale_alert) October 4, 2024
Aside from whale activity, XRP has enjoyed a stronger social media presence. And there’s also been a huge surge in transaction volume. It recently hit an eight-month high of $2.39 billion in transaction volume, boosted by Bitwise’s filing to launch an XRP-based ETP in the U.S. While many believe approval is unlikely anytime soon, the filing added credibility to XRP.
🚨BREAKING: #XRP whales have made significant purchases, acquiring over 470 million XRP tokens within the last ten days! 👀 pic.twitter.com/6PQp5Hi81X— JackTheRippler © (@RippleXrpie) September 30, 2024
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.