Crypto market plunges
Bitcoin once broke 6.9K and ETH 3600, even so, the cryptocurrency market is preparing for the second round of this bull run.
The first interest rate cut by the Federal Reserve will be the trigger for the second round of the bull run. Based on the current whale behavior, the following are two altcoins worth watching in the next round of the cryptocurrency bull run this year.
Dogecoin (DOGE) whales are buying frantically in anticipation of price increases
Data shows that whales have been buying Dogecoin (DOGE) in large quantities over the past week. Since May 30, whales have purchased more than 200 million DOGE.
The large amount of activity by giant whales shows that Dogecoin is one of the most worthwhile altcoins to invest in at present. Although technical analysis shows that the price of Dogecoin will rise sharply, the price may soar from $0.16 to a high of $1 in this bull run.
Arbitrum (ARB) whale activity surges 80%
Arbitrum (ARB) is one of the famous second-layer networks on Ethereum, and its increasing whale activity makes it one of the most worthwhile altcoins to watch. The number of daily Arbitrum transactions over $100,000 grew by nearly 80% in June this year.
The increase in whale activity coincided with Arbitrum’s price breaking through the $1.13 resistance level. The sudden increase in whale transactions could also mean that Arbitrum’s price could soon rise.
If ARB breaks through the $1.50 resistance level, the altcoin price could surge to new highs over $3, thanks to Ethereum’s rise.
Conclusion
Based on whale activity, Dogecoin and Arbitrum are the most worthwhile altcoins to invest in before the next round of this bull cycle, and market experts predict that this will be the driving force behind its rise to the top.
