The activities of prominent players, known as whales, can significantly impact market trends. As we enter a bull market, investors are trying to know if Chainlink (LINK) whales are buying or selling. Still in the bull market, Tradecurve Markets (TCRV) and Stacks (STX) have emerged as standout performers as they pump on the daily chart.
Chainlink (LINK) Pumps As Whales Continue Buying Spree
Chainlink (LINK), a prominent decentralized oracle network, has been in the spotlight as observers attempt to decipher whale movements. Since mid-July, Chainlink whales have been on a buying spree, accumulating massive amounts of LINK tokens.
According to on-chain data from Santiment, in the last seven days, Chainlink whales have amassed more than 14 million LINK tokens worth over $100 million. Santiment explains that the accumulation of whales is good for the short-term performance of LINK.
This analysis has been shown in the recent performance of Chainlink. Over the last 24 hours, the price of LINK has increased by 6.2%. In the last 30 days, the value of Chainlink has increased by an impressive 25.4% and now trades at $7.7 per token.
Stacks (STX) Spikes As Bitcoin Naming Services Gains Momentum
Stacks (STX), the innovative project known for introducing a decentralized finance (DeFi) ecosystem to the Bitcoin network, has also been in strong bull territory. In the last 48 hours, the price of Stacks has jumped by more than 12% – from a low of $0.56 to as high as $0.63.
The massive rally of STX comes as the Bitcoin Naming Service (BNS) gains momentum. Similar to the Ethereum naming service, BNS seeks to provide web3 users on the Bitcoin network with human-readable .btc names for their crypto wallet addresses.
The names or domains issued on the BNS are registered on Stacks, giving STX a bullish outlook. At the time of this writing, STX trades at $0.5884. With the current bullish momentum, Stacks will look to break above the $0.6000 resistance in the next few days.
Investors Attracted by Strong Daily Performance of Tradecurve Markets (TCRV)
Like Chainlink and Stacks, Tradecurve Markets (TCRV) is in strong bullish territory, outperforming the broader crypto market. Tradecurve Markets is rallying massively as investors and traders alike are drawn to the innovative new hybrid trading platform.
From a low of $0.010, the price of Tradecurve Markets has increased to $0.025 today – representing a 150% price increase. As traders flock to Tradecurve Markets, the exchange has already successfully onboarded over 18,000 users within a relatively short period. The project has also raised over $5 million in funding.
Unlike conventional exchanges primarily focused on cryptocurrencies, Tradecurve Markets offers access to diverse markets. This includes bonds, ETFs, commodities, stocks, and indices. Noteworthy, the platform offers users privacy and anonymity while trading. It does not require personal details during KYC verification.
Dive into a world of diversified assets – from US & European equity CFDs, Forex, Indices, Commodities, to Options, ETFs, Bonds, and of course, Cryptocurrencies.🪙
— Tradecurve (@Tradecurveapp) August 2, 2023
Tradecurve Markets is currently growing at a record-breaking pace, leading crypto experts to compare it with the launch of Binance in 2017. From a presale price of $0.11, BNB now trades at $243. If TCRV, the utility token of Tradecurve Markets follows the same trajectory, it could hit a price of $1.5 before the end of 2023.
For more information about the Tradecurve Markets (TCRV) presale: