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Cryptocurrency News Articles

Crypto Whales Accumulate Select Altcoins as Bitcoin Dominance Declines

Dec 22, 2024 at 10:50 pm

A period of heavy accumulation has begun in the crypto markets as large holders load up on select altcoins that will likely go parabolic during the next

Crypto Whales Accumulate Select Altcoins as Bitcoin Dominance Declines

Crypto whales are quietly accumulating select altcoins that are likely to go parabolic during the next period of bullish activity in the digital asset markets.  

As Bitcoin price action stalls and الكبير العملات المشفرة begin to rally, large holders are pivoting away from BTC and into promising layer one tokens and GambleFi projects that are set to explode in 2025.

Here are the key projects that are being targeted by crypto whales as Bitcoin price stalls and الكبير العملات المشفرة begin to rally once again. 

Rollblock ($RBLK) Presale Sells Out As Gaming License Is Acquired  

Since its launch earlier this year, Rollblock ($RBLK) has consistently impressed its community with the strength of its platform and the huge variety of gaming experiences it offers. A revolutionary GambleFi platform, Rollblock showcases more than 7,000 fully engaging casino games ready to be explored. Each offers AI-powered gameplay and community-backed live dealer excitement supported by blockchain technology.  

Recently unveiled is Rollblock’s sports betting mode, enabling real-time betting across a huge range of live sporting events. This will allow live bets to be placed across a huge range of international sporting matches and events.  

Rollblock solves the age-old problem of gamers in Web3 having to blindly trust that casinos will do the right thing and not manipulate any bets behind closed doors. This barrier to entry is eliminated by Rollblock, which leverages powerful decentralized technology and secures all its transactions on-chain.  

Over 35,000 registrants have signed up for a place in the popular Rollblock presale, which has raised over $7.4 million in months. Notably, where other crypto gaming tokens suffer from heavy dilution, $RBLK has a hard cap of a billion tokens and so cannot be inflated away. Instead, $RBLK will become scarcer as demand for the token ramps up.

Each week, Rollblock takes a portion of its profits and reinvests in buying up $RBLK tokens. 60% of these are burned immediately, while the rest are allocated to the Rollblock staking rewards scheme, further benefiting the community with generous APY. Notably, $RBLK is currently priced at just $0.043, and stage 9 tokens are already over 20% sold out.  

Sui ($SUI) Grayscale Backing Sees Confidence Soar Despite Dip  

Over the past week, Sui has lost 21% of its market cap, which has fallen to $10.7 billion. The crypto market crash has wiped out an entire month of Sui gains, as Sui has fallen from its recent high of $4.91 to $3.78.  

Despite this, Sui recently received a boost as Grayscale announced the creation of its Sui trust fund, which offers institutional investors access to Sui tokens. Sui has also recently partnered with Arkham Intelligence to improve on-chain transparency and integrate real-time Sui blockchain data. Sui remains one of the most bullish layer one tokens in the space and could easily reach $10 during 2025.  

Ondo ($ONDO) Summit To Host BlackRock Ambassador In February  

Ondo has lost a staggering 18% of its value in just the last 24 hours, falling to $1.56 amid the current dip. Notably, Ondo has fallen to 53rd place in the CoinMarketCap crypto top 100 index as its total market cap now sits at just over $2.1 billion.  

Nevertheless, Ondo remains a bullish concern heading into next year as the Ondo summit will take place in February 2025 and bring together Ondo developers with the biggest names in TradFi. This will also showcase recent developments in the Ondo ecosystem to institutional investors and feature an address from BlackRock’s head of strategic relationships and investments, Joseph Chalom.  

Monero ($XMR) Volatile Privacy Coin Continues To Appeal  

Monero has also taken a plunge to $174 today, falling by 17% in the last 24 hours. Notably, Monero is still the leading choice for privacy focused investors, as Monero has long safeguarded its users’ privacy above all else. This has led Monero to trade in an increasingly volatile fashion lately, as Monero was recently delisted from the Bit2Me exchange.  

With its focus on decentralization and anonymity, Monero is often the subject of regulatory uncertainty as governments attempt to bring Monero to heel. Monero has shown remarkable resilience recently and is still up 7% on the monthly time frame as many investors value its privacy features. Should current trends continue, Monero could easily reclaim its former high above $500 in the coming months.  

Chainlink ($LINK) On Board With Trump’s DeFi Offering  

Chainlink is currently scrambling to find support at $20.8 following an 18%

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Other articles published on Dec 23, 2024