Remember to consider the impact of whales in the crypto world. Whales are the big players holding a lot of cryptocurrency; lately, they’ve been hanging out in more accessible areas.
Many Bitcoin (BTC) whales had been panic-buying BTC before the year-end of 2023. Another whale has transferred 1.7 million in PancakeSwap (CAKE)Â tokens from Binance. And in the news unrelated to whales or whaling, the upcoming BlockDAG (BDAG) has multiple earning options, indicating it might be the next crypto to hit $1.
Bitcoin Whales Make a Splash
Bitcoin had been uncertain over the final few months of 2023, so whales seized the opportunity and panic-bought a significant amount of tokens. This coincides with Bitcoin’s descent towards the $41,600 level, meaning that some savvy investors capitalised on buying tokens at a lower price.
This proves that Bitcoin’s reign is far from over, and this, coupled with MicroStrategy’s $615 million BTC acquisition, proves that beyond a shadow of a doubt. There is still a ton of optimism within the Bitcoin community.
PancakeSwap Moves for Massive Burn
The PancakeSwap community is gearing up for a vote that could potentially reshape the project’s tokenomics. A mysterious whale has been moving, transferring 1.7 million CAKE ($1.3 million) from Binance and other exchanges to a few crypto addresses.
PancakeSwap had announced a proposal to burn 300 million CAKE tokens, a move which has 90% support from the CAKE community. The swap aims to reduce the total token supply from 750 million to 450 million tokens. The whale’s strategic moves have left many speculating about what this could mean for Pancake’s destiny.
BlockDAG Coin Eyes the Coveted $600M Mark
BlockDAG, the proof-of-work dark horse, has been quietly gaining attention for its tokenomics, rewards program, and an exciting new line of ASIC crypto mining rigs. All of this makes BlockDAG poised to be the next crypto sensation, achieving what it’s formers couldn’t.
Its line of crypto mining rigs has got the mining community hyped about its earning potential. The X1 mobile app is completely free and requires no upfront investment. Those who are ready to gain a high return on their investment should check out the X10, X30, and X100. Each provides different BDAG coins, with the X100 giving users up to 25,000 BDAG coins per day.
The Last Take
Bitcoin whales have been examining the high and low tides of the market, PancakeSwap’s token burn news has encouraged a whale to take action, and BlockDAG’s mining treasures have caught the attention of the crypto mining community. Even though the crypto ocean is volatile, it has a passionate and attentive community that is observant of weather conditions.
BlockDAG is still in its presale batches, and it gives a 10% bonus every time you refer your friends to the coins. Come aboard the ship and let the crypto winds lead you to a mighty profitable time.
Join the BlockDAG Presale before it’s too late:
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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