The “new whales” in the cryptocurrency space refer to investors or entities that control large amounts of digital assets. These players have a significant impact on the market, as their movements can influence the prices and volatility of coins. In the current scenario, Bitcoin (BTC) and altcoins are in the spotlight as the main players in the crypto space.
Bitcoin (BTC) continues to be the leading digital currency, with a consolidated status as a store of value and reference asset for the market. Its dominance makes the "whales" who hold large amounts of BTC highly influential, whether for speculative movements or long-term strategies.
Altcoins are alternative cryptocurrencies to Bitcoin and include projects like Ethereum (ETH), Solana (SOL), Cardano (ADA), and Binance Coin (BNB), among others. Each of them offers distinct features and often a more specific appeal depending on the use case (such as smart contracts, decentralization, or scalability).
These whales may take a strategic view, buying or selling large amounts of altcoins to diversify their portfolios and increase their profits. With the rise in interest in digital assets, especially innovations like DeFi, NFTs, and more efficient blockchains, altcoins have become a key part of the conversation in the crypto space.
Education about these markets is crucial, as it is necessary to understand how cryptocurrencies work, the implications of whale movements and how investors can analyze these events to make informed decisions.