#pepe
It has recently recorded a strong rise, and this may be due to several main reasons:
1. Activity of whales and speculators: The currency has witnessed intensive purchases from whales and large investors, which led to a sudden increase in demand and thus a rise in the price.
Whales in the world of digital currencies are investors or traders who own large amounts of digital currencies, especially Bitcoin, and enjoy great influence in the market. They are characterized by characteristics such as:
Main characteristics $DOGE
1. Owning large amounts of digital currencies.
2. The ability to influence prices.
3. Long experience in the digital currency market.
4. The ability to bear risks.
5. The ability to influence policies and regulations.
Types of whales
1. Bitcoin whales: They own large amounts of Bitcoin.
2. Altcoin Whales: They own large amounts of altcoins such as Ethereum, Litecoin, etc.
3. Trading Whales: They own large amounts of cryptocurrencies and are actively trading.
Whale Influence
1. Influence on prices: They can influence prices with large amounts of coins.
2. Influence on policies: They can influence financial policies and regulations.
3. Influence on the market: They can influence the market and set trends.
4. Influence on small investors: They can influence the decisions of small investors.