The Middle East crisis is responsible for the crypto market’s recent dip.
Retail investors are responsible for the recent crypto market selloff.
Crypto whales are accumulating DOGE, BTC, and XRP.
Crypto whales are accumulating Dogecoin (DOGE), Bitcoin (BTC), and XRP, each for distinct reasons, even as the market dips. An analyst with Altcoin Buzz podcast suggested this signals confidence in a potential year-end rally.
The analyst attributed the recent market dip to the ongoing crisis in the Middle East, whereas the long-term investors, as whales, were less prone to short-term market fluctuations.
In the podcast, the analyst touched upon the cryptos the whales seem to be accumulating, expecting a significant crypto market rally like we often see in the last quarter of the year. The analyst said that crypto whales are accumulating Dogecoin, one of the leading memecoins in the crypto industry.
Read also: Cryptocurrencies Plunge on Rising Middle East Tensions
The analyst mentioned comments from another crypto analyst on X, Ali Martinez, who saw a significant spike in activity within the Dogecoin ecosystem. According to Martinez, Dogecoin recently reach…
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