Crypto Whales are Adding These Cryptos to Their Holdings – Here’s Why
As we look forward to what's in store for the crypto markets through the rest of 2023, crypto whales have already started acquiring coins as a sign of a potential bull market ahead. But just what are crypto whales buying?
In spite of the dip experienced by cryptocurrencies in 2022, innovative and game-changing advancements are still being made with blockchain technology--giving whales and smaller investors something to look forward to in 2023 and beyond.
Although Bitcoin and Ethereum may have taken the spotlight as large cap leaders, there are a multitude of other projects that are leading innovation in many areas of the crypto economy. Many investment options exist for traders looking to take positions in the industry, including within DeFi and real use cases for non-fungible tokens (NFTs), to name a couple.
If you're contemplating investing, you may be asking yourself: is now the best time to begin, and if so, which investments should I make? Sadly no one can foresee where markets will move in the future. For that reason it's essential to invest only what funds you are willing to lose.
Safeguarding yourself from scams is also essential, so it's critical to ensure that any projects you invest in adhere to all legal regulations. Investigating the team involved with a given initiative is also necessary; confirming their credibility and verifying if they have a successful background are both steps that shouldn't be skipped.
Take into account if the blockchain use cases proposed by the project offers authentic answers to currently existing problems, instead of simply taking advantage of the blockchain buzz without actually delivering any true solutions.
If you're seeking a potentially lucrative investment, presales of upcoming
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