While crypto prices have stayed flat over the past 24 hours, whales have been accumulating select altcoins, signalling that smart money recognizes the market’s next leg up could be close.
Whale enthusiasm is also evident in a recent tweet from Lookonchain, which noted, “Many whales are turning bullish and going long!” Despite the broader market still being hesitant, smart money is buying, and so this could prove to be an excellent entry point for traders.
As such, we’ve identified three projects that whales are buying heavily now, as these projects could well be among some of the biggest gainers as the market recovery begins. With that in mind, let’s review these three choices.
We’ll examine the use cases for each, and what factors might be driving smart money whales to buy them over other altcoins. This will help provide a clearer picture of why these projects could be the best crypto to buy now.
Bitcoin Hyper
Bitcoin Hyper is developing a Bitcoin layer 2 blockchain to solve the network’s main issues of slow speeds, high fees, and limited functionality. It utilizes ZK-rollup and the Solana Virtual Machine (SVM) tools, a setup that combines the security of Bitcoin with the performance of Solana.
By boosting Bitcoin’s performance, Bitcoin Hyper paves the way for new use cases like DeFi, meme coins, and payments, which could attract new users and increase capital flows into its ecosystem.
Whales clearly recognize the potential of this project, with Bitcoin Hyper’s ongoing token presale raising an impressive $24.5 million so far. This is supported by significant whale purchases, including one whale who bought $274,000 worth of tokens a few weeks ago, according to Etherscan data.
Considering its early stage, strong use case, and investor backing, it’s evident that HYPER could become one of the top cryptos to buy now. Visit Bitcoin Hyper.
Ethereum
Ethereum needs no real introduction when it comes to its purpose – building what many supporters hope will one day become the world’s decentralized internet. However, recent developments have strengthened a fresh, institutional-focused narrative.
Institutional liquidity has been flooding into Ethereum, as evidenced by its stablecoin market cap, which has grown from $85 billion a year ago to $164 billion today – nearly a 2x increase.
Meanwhile, retail usage is also up, with the network nearing its highest-ever level of daily active addresses, while projects like Bitcoin are dealing with a declining user base.
It’s no surprise, then, that whales are eager to buy Ether, with Lookonchain reporting that Tom Lee’s Bitmine has recently expanded its holdings, purchasing an additional 3,539 ETH worth $251.6 million on Tuesday.
Bitmine is following Strategy’s Bitcoin blueprint but with ETH, aiming to accumulate as many tokens as possible for a long-term position. This is helping support the Ether price and could serve as a major growth catalyst as bullish momentum returns to the broader market.
Maxi Doge
As mentioned, Lookonchain noted that many whales are going long on the market right now, and this reflects a bigger trend of increased demand for perpetual futures trading over the past year.
The team behind Maxi Doge recognizes this growing appetite and so is positioning itself as a new hybrid project that combines the virality of a meme coin with the utility of a futures token.
Maxi Doge is branded as Dogecoin’s 1000x leverage trading younger cousin, who spends all his time staring at charts or doing pushups. But beyond the branding, the project has real utilities: MAXI will be integrated into futures trading platforms, and there will also be weekly trading competitions with USDT and MAXI rewards.
It’s blending two of the most high-octane sectors of the crypto market, so it’s no surprise that the ongoing MAXI presale is thriving. It has raised over $3.7 million so far, showing strong support from whales and suggesting potential for more demand once it hits the open market.
